Brokerage Clearing Specialist

About the role

Purchase & Sales Operations plays a critical role in trade processing, reconciliation, and settlement across various asset classes, primarily equities. This position ensures the timely and accurate confirmation of trades, supports regulatory reporting requirements, and coordinates with executing brokers, clients, and internal teams to resolve breaks and exceptions.

This is strictly a Chicago-based role.

What You’ll Do

• Review, match, and confirm trade data from executing brokers and counterparties
• Process equity and/or fixed income trade activity through the firm’s clearing and settlement systems
• Ensure accuracy of trade details, including price, quantity, counterparty, and trade date
• Investigate and resolve trade discrepancies and breaks promptly
• Liaise with traders, prime brokers, custodians, and counterparties to resolve P&S issues
• Avoid trade fails or buy-ins by monitoring trade settlement cycles and assisting in fail management
• Generate daily and monthly reconciliation and exception reports
• Absorb post-trade compliance and regulatory reporting obligations
• Participate in operational risk and control processes to mitigate financial exposure

You Bring

• 2+ years working in the P&S Dept with a Broker-Dealer
• P&S specialist with Equity/Option product knowledge
• Buy-in knowledge re: REGSHO rule
• Reconciliation of Equity Trade Breaks in CNS
• Obligation Warehouse monitoring and Corrective action
• Series 7, or willingness to obtain the Series 7 license within six months of employment
• Familiarity with industry utilities and platforms (e.g., DTCC, NSCC, TRAQS, NASDAQ WORKX and TRAFIX)

Location

This role is open to candidates in the following location: Chicago, IL - Hybrid - This role is expected to come into the office on a cadence set by the Hiring Manager/Team.

Pay Range

$100,000 USD – $120,000 USD