The Team:The Asset Servicing Operations team is a crucial pillar within Clear Street's Global Custody department. We own the entire lifecycle of corporate actions processing, proxy voting, prospectus delivery, cost basis, and US/foreign tax withholding. Our team moves fast, embraces data-driven workflows, and operates in tight alignment with our Product and Software Engineering squads to continuously automate and audit multi-asset processing pipelines.
The Role:We are seeking a seasoned operational leader to join us as Team Lead / Director of Corporate Actions. In this role, you will act as a working manager-overseeing a high-performance squad of specialists while remaining deeply embedded in complex risk management, transaction reconciliations, and daily desk execution.
The ideal candidate must possess strong, hands-on domain expertise processing both domestic and foreign/international asset servicing events, alongside fixed income and repo-related activity. You will be the final escalation point for complex lifecycle events, ensuring perfect alignment between client election instructions, stock loan positions, internal sub-ledgers, and depositories.
Key Responsibilities:- Team Leadership & Oversight: Supervise and develop a team of Corporate Actions specialists. Manage intraday queues, coordinate cross-training, and establish operational coverage matrices to meet strict daily depository and international market cutoffs.
- Domestic & Foreign Event Processing: Oversee the announcement capture, validation, and election execution for complex mandatory and voluntary corporate actions across both U.S. and foreign equity securities (including SPAC extensions, mergers, tenders, and rights offerings). Ensure seamless handling of international voluntary instructions.
- Global Cash Dividends & Distributions: Direct the daily processing, balancing, and allocation of domestic and foreign cash dividends, optional dividends, and other corporate distributions, ensuring accurate entitlement calculations and timely credit to client accounts.
- Fixed Income & Repo: Manage principal and interest (P&I) cash flow movements, factor adjustments, maturities, and bond calls. Partner directly with Stock Loan and Repo desks to track manufacturing payments and resolve position adjustments or payment breaks.
- Reconciliation & Break Management: Maintain a strict control environment by overseeing the daily audit trail matching transaction files and internal ledgers against depository position sheets (DTC/BONY/Custodians). Personally manage and resolve all out-of-balance breaks or position variances across global books.
- Process Modernization & Automation: Partner closely with internal Product and Engineering teams to build next-generation data master pipelines and test internal platform enhancements. Continually identify opportunities to leverage modern automation tools, AI assistance, and innovative technology to eliminate legacy manual operational workflows.
- High-Touch Client Servicing: Act as the primary escalation contact for prime brokerage clients and institutional desks regarding complex domestic or international elections, oversubscription tallies, fractional shares, and funding exceptions.
Requirements:- Experience: 7-10+ years of professional financial services experience heavily focused on Corporate Actions and Asset Servicing operations within a broker-dealer or clearing firm.
- Foreign & Fixed Income Domain Expertise: Must have proven experience managing foreign/international corporate action events alongside fixed income servicing (factor adjustments, bond calls, P&I tracking) and a clear understanding of their downstream impact on repo, stock loan, and securities lending positions.
- Data Competency: Advanced data evaluation and reconciliation skills; highly proficient with Excel. Comfort utilizing SQL or automated data master tools to manage large transaction sets is a plus.
- Licensing: Series 7 and/or Series 99 required (or willingness to obtain within an agreed-upon timeline).
- Mindset: A true builder mentality-exceptional problem-solving skills with the ability to thrive under high pressure and tight market deadlines.
We Offer: The Base Salary Range for this role is $160,000-$215,000. This range is representative of the starting base salaries for this role at Clear Street. Where a candidate falls in this range will be based on job related factors such as relevant experience, skills, and location. This range represents Base Salary only, which is just one element of Clear Street's total compensation. The range stated does not include other factors of total compensation such as bonuses or equity.
At Clear Street, we offer competitive compensation packages, company equity, 401k matching, gender neutral parental leave, and full medical, dental and vision insurance. Our belief has always been that we are better as a business when we are all together in person. As such, we are requiring employees to be in the office 4 days per week. In-office benefits include lunch stipends, fully stocked kitchens, happy hours, a great location, and amazing views.
Our top priority is our people. We're continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse - in ideas, in cultures, and in experiences. We put in the effort to make such a workplace a daily reality
