Options Associate
At Clear Street, we are disrupting the institutional brokerage and clearing market by modernizing archaic industry segments with brand new technology. We’re changing the way institutional investors interact with the markets; offering an alternative to working with big banks. Our cloud-based API technology will empower clients to clear, settle, and finance trading activity while accessing real-time risk and position information. Our platform is built on an incredibly modern tech-stack, by pragmatic engineers focused on building intuitive and frictionless user experiences. Our tech-infused suite of customer experience-oriented prime service offerings will increase our clients’ efficiency and provide real-time insights they’ve never previously experienced.
The Team:
As an Options Associate you will handle the day-to-day operational tasks associated with Listed Options activity and support key initiatives for the department. You will have the opportunity to learn the clearing of other asset classes (equity, fixed income, etc.) to build on your current knowledge.
You Will:
- Reconcile options positions vs the Clearing house.
- Manage Collateral movements to meet Clearing house requirements.
- Communicate with Front & Middle office to report & help resolve issues & breaks.
- Work with Technology to automate & improve processes.
Requirements:
- You have 5+ years of experience in Listed Options trade support, settlement and clearing.
- You possess strong written and verbal communication skills and are comfortable interacting with team members at all levels.
- You thrive in fast-paced environments that require you to be a self-starter and creative problem-solver.
- You enjoy increasing efficiencies by utilizing technology.
- You are familiar with OCC & all of its processes, like exercise/assignments, position adjustments, CMTA, etc.
- You understand reconciliations & reporting of breaks.
- Series 7,99,63 preferred.
- Derivatives experience preferred.
We offer:
- The opportunity to join a small and growing team of good people, where you can make a difference.
An environment that champions collaboration and prioritizes pragmatic solutions to complex problems.
Work that is fast paced, intellectually challenging, and most of all, profoundly rewarding.
Competitive compensation, benefits, and perks.