Listed Clearing Specialist

The Listed Clearing Specialist is responsible for the settlement, control, cash management, and client service functions related to listed products, including DTC cash equities, Stock Borrow/Loan (U.S. and Foreign), OCC-cleared options, and Equity Tri-Party transactions. This role ensures the integrity of clearing operations, regulatory compliance, accurate reconciliations, and effective management of clearinghouse obligations.

Key Responsibilities

Clearing & Settlement Operations

• Ensure all positions and balances within the firm's DTC and OCC accounts are accurately reconciled with internal systems and trade bookings.
• Monitor and manage daily clearing and settlement activities across listed products.
• Ensure all clearinghouse margin requirements are met and maintained efficiently.
• Monitor OCC activity, including CMTA processing, option exercises, and assignments for shares held in custody.
• Validate outbound client invoices for services rendered and oversee the allocation of clearinghouse fees and charges.

Oversight & Controls

• Provide day-to-day supervision of outsourced and off-site support teams to ensure transaction processing quality, accuracy, and adherence to controls.
• Maintain strong operational controls and ensure compliance with industry regulations and market practices.
• Prepare and validate recurring management reports, metrics, and operational dashboards.

Exception Management & Problem Resolution

• Investigate and resolve escalated transaction exceptions, settlement failures, and reconciliation breaks.
• Identify process improvement opportunities and implement corrective actions to mitigate operational risk.

Client & Stakeholder Management

• Partner with internal and external stakeholders to support clearing-related inquiries and service requests.
• Participate in change management initiatives alongside Front Office teams to support new products, services, and operational enhancements.

Regulatory & Audit Support

• Coordinate responses to internal audits, regulatory examinations, and compliance-related inquiries.
• Ensure all documentation, reporting, and operational processes meet regulatory and firm requirements.

Qualifications

Required

• Minimum 3 years of experience within Financial Services, preferably in Banking, Brokerage Operations, or Clearing Support.
• Strong knowledge of DTC (Depository Trust Company) operations and settlement processes.
• Working knowledge of OCC (Options Clearing Corporation) operations and clearing practices.
• Thorough understanding of U.S. securities clearance and settlement market practices.
• Experience with reconciliations, exception management, and operational controls.
• Strong analytical, problem-solving, and communication skills.

Preferred

• Experience supporting equity clearing, stock borrow/loan, options clearing, or custody operations.
• Knowledge of the Broadridge Shadow platform.
• Prior experience working with outsourced or offshore operational support teams.
• Exposure to audit, regulatory, or risk management processes.