My client, a full service broker dealer, is seeking to broaden their offerings and is seeking a highly skilled individual to set up and manage the correspondent clearing process within their firm. This role is responsible for executing the design and implementing, optimizing the clearing processes for correspondent relationships, ensuring that execution routes and connectivity are set up efficiently and in compliance with industry regulations. The ideal candidate will have a strong background in correspondent clearing trade execution, and clearing, with experience working alongside broker-dealers, financial institutions, and other industry participants.
This individual will establish and streamline the correspondent clearing process for introducing broker-dealers and other third-party relationships, collaborate with internal and external stakeholders to design and implement operational workflows that support the clearing of trades, settlements, and transfers, develop and maintain relationships with correspondent clearing firms to ensure smooth operational processes. In addition, responsibilities will include ensuring all correspondent clearing activities comply with industry regulations, exchange rules, and internal policies as well as system implementations.
Ideal candidates should have a minimum of 10 years of experience in securities operations, trade processing, and clearing functions, ideally with exposure to correspondent clearing or working with introducing broker-dealers. Knowledge of industry regulations, such as FINRA, SEC. Experience with clearing and settlement systems (e.g., DTCC, NSCC) and trade automation tools.