About The Role & TeamThe 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 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.
- Support institutional and retail trade flows, including allocations, affirmations, confirmations, settlement, journals, and post-trade processing.
- Resolve trade exceptions across settlement platforms, including CTM.
- Protect customer fully paid securities through proper segregation, memo segregation, and possession and control procedures in accordance with SEC Rule 15c3-3.
- Collect mark-to-market and resolve money differences through Securities Payment Orders (SPOs) and cash reconciliation processes.
- Produce operational reporting, including aging reports, money difference reports, fail reporting, reconciliation metrics, and management reporting.
- Ensure compliance with applicable SEC, FINRA, DTCC, OCC, and internal regulatory requirements while maintaining complete and audit-ready documentation.
- Assist with internal audits, regulatory examinations, and control documentation by preparing supporting work papers and responding to inquiries.
- Perform operational risk assessments, identify control deficiencies, conduct root cause analysis, and escalate material issues to management.
- Partner with Technology, Treasury, Finance, Compliance, and other business units to resolve operational issues, improve controls, and streamline processes.
- Drive continuous operational improvement through automation initiatives, process redesign, trend analysis, and collaboration with engineering teams.
- Develop, maintain, and communicate Standard Operating Procedures (SOPs), policies, and process documentation to support training, consistency, and operational continuity.
- Participate in projects, system implementations, testing, and other strategic initiatives supporting the self-clearing business.
- Foster strong cross-functional communication and teamwork while providing subject matter expertise and support across Clearing Operations.
- Perform additional duties and responsibilities as assigned to support business objectives and operational excellence.
The Skills You Bring- Bachelor's degree in Finance, Economics, Business Administration, or a related field.
- Minimum of 7+ years of experience in broker-dealer clearing, settlement, or operations.
- Active FINRA Series 99 and/or Series 7 and Series 24 licenses, or the ability to obtain the required licenses within 180 days of hire.
- Strong understanding of DTCC settlement processes, including both CNS and non-CNS environments.
- Experience supporting institutional trade processing, including allocations, affirmations, confirmations, and settlement.
- Hands-on experience with industry platforms such as Broadridge, Apex, FIS (Phase 3), or comparable systems.
- Experience operating in omnibus clearing and/or self-clearing broker-dealer environments.
- Working knowledge of fails management, buy-in processing, CTM, and operational reconciliations.
- Solid understanding of back-office controls, exception management, operational risk, and trade lifecycle processing.
What Makes You Stand Out- Previous operations experience at a retail broker-dealer.
- Demonstrated leadership abilities with a collaborative, team-oriented approach.
- Strong analytical, problem-solving, and project management skills with a focus on process improvement.
- Proven ability to manage competing priorities with a strong sense of urgency and accountability.
- Ability to thrive in a fast-paced, deadline-driven environment while maintaining a high level of accuracy and attention to detail.
This role is based in ourSt. Petersburg, FL Global HQ, where in-person collaboration fuels growth, mentorship, and innovation. At Webull, we're committed to fair, equitable, and transparent compensation. The base salary range is $115,000-$140,000 annually, plus a discretionary bonus and full benefits. Final offers consider experience, location, and relevant qualifications.
