Webull is a leading digital brokerage platform built on next generation global infrastructure. At Webull, we believe that everyone should have an equal opportunity to control their own financial future. Backed by Lightspeed.
About the role
The Associate Director, Clearing Operations supports end-to-end back-office clearing and settlement across retail and institutional businesses. This role requires strong hands-on knowledge of DTCC settlement, trade exception management, reconciliations, and control reporting, including experience working with self-clearing within an omnibus model.
What they're looking for
- Support daily clearing and settlement activities across DTC, CNS, and non-CNS markets, ensuring timely and accurate settlement of securities transactions
- Ensure all transactions are accurately recorded and processed through internal systems and DTC to facilitate successful settlement
- Perform DTC settlement functions, including Deliver Orders (DOs), Receiver Authorized Delivery (RAD) management, Securities Payment Orders (SPOs), pair-offs, collateral pledges and fail reversals (FRVs )
- Process ACAT and non-ACAT customer transfers, including free deliveries and associated settlement activities
- Manage settlement exceptions, including failing transactions, buy-ins, fail reporting, and Obligation Warehouse (OW) processing, while ensuring compliance with Regulation SHO and applicable SEC rules
- Perform daily trade, cash, position, and securities reconciliations across internal books, DTC, depositories, transfer agents, and counterparties, investigate and resolve discrepancies in a timely manner
More about this role
About The Role & Team
The Associate Director, Clearing Operations supports end-to-end back-office clearing and settlement across retail and institutional businesses. This role requires strong hands-on knowledge of DTCC settlement, trade exception management, reconciliations, and control reporting, including experience working with self-clearing within an omnibus model.
In This Role, You Will
- Support daily clearing and settlement activities across DTC, CNS, and non-CNS markets, ensuring timely and accurate settlement of securities transactions.
- Ensure all transactions are accurately recorded and processed through internal systems and DTC to facilitate successful settlement.
- Perform DTC settlement functions, including Deliver Orders (DOs), Receiver Authorized Delivery (RAD) management, Securities Payment Orders (SPOs), pair-offs, collateral pledges and fail reversals (FRVs ).
- Process ACAT and non-ACAT customer transfers, including free deliveries and associated settlement activities.
- Manage settlement exceptions, including failing transactions, buy-ins, fail reporting, and Obligation Warehouse (OW) processing, while ensuring compliance with Regulation SHO and applicable...
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