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
• Ensure trades are booked by regulatory guidelines (e.g., SEC, FINRA, DTCC)
• Monitor trade settlement cycles and assist in fail management to avoid trade fails or buy-ins
• Generate daily and monthly reconciliation and exception reports
• Assist with 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.
• If you're not based in the location listed above, this role is not a fit, and we cannot accommodate remote work outside of it.
• Applicants must be authorized to work for any employer in the U.S. DriveWealth does not sponsor or take over sponsorship of an employment visa at this time.

Pay Range: $100,000 USD - $120,000 USD

Working at DriveWealth

We do our best work when we're in the same room. To maintain the speed our partners expect, our New York, Chicago, and Lithuania teams work in-office 4 days a week. We've found that being physically side-by-side is the only way to solve complex problems in real-time and stay truly accountable to the products we ship. When you're here, you're working directly with the people making the decisions.

To support that work, we provide competitive compensation, equity, and a 401(k) match. We also offer Medical, Dental, and Vision Insurance, Disability Insurance, and Paid Parental Leave, along with a wellness reimbursement, a company-provided phone, and a personal development allowance. Finally, we value the time you spend away from the office with generous PTO, observed holidays.

How We Think About AI

We leverage AI to work smarter and move faster. We seek AI-curious talent who are proactive about using emerging tools to increase signal quality, reduce friction, and improve outcomes to deliver products faster, provide better service to our partners, and to streamline processes. Your ability to leverage our internal tools and technology to drive results is as important to us as your core domain expertise.

Compensation

Pay is generally based on the level, complexity, responsibility, location, and job duties/requirements of the specific position. We then source candidates with the requisite skills, expertise, education, training, and experience. If you are selected for an interview, please feel welcome to speak to a recruiter about our compensation philosophy and other available benefits. This role is eligible for base, bonus, equity, 401(k) match, and heavily subsidized benefits and perks.

Agency Disclaimer

DriveWealth does not accept agency resumes. Do not forward resumes to our jobs alias, employees, or any other organization location. DriveWealth is not responsible for any fees related to unsolicited resumes.