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About the Role

Clear Street is seeking an experienced individual to support the growing Clear Street Securities Lending business. This self-starter role involves partnering with the trading team to ensure platform operational efficiencies and building teams and platforms. Cross-asset knowledge is crucial for Middle Office support to align with the finance platform's growth. Experience in securities lending and stock loan operations, including loan booking, rate negotiation support, and settlement of equity and fixed income borrows and loans, is essential.

Responsibilities

Manage end-to-end stock loan lifecycle: trade capture and confirmation, daily mark-to-market, rate resets, and contractual settlement.
Own the return and recall, buy-in process, including monitoring open loans, processing early returns, and managing recall timelines in line with settlement cut-offs.
Oversee corporate action processing across the securities finance book, including dividend entitlements, manufactured payments, and rights/spin-off events.
Input into CCP/Exchange margin requirements.
Oversee all operational KPIs, reconciliations, and margin calls.
Perform and supervise daily position and cash reconciliations between internal systems, prime brokers, custodians, and tri-party agents (e.g. BNY, Euroclear, DTCC) and CCP’s (OCC, NSCC – SFT).
Align closely with the Settlement team to manage fails risk to the firm.
Monitor and actively manage securities lending fails, including buy-in exposure, partial settlement, and borrower/lender close-out procedures.
Provide exceptional client and business stakeholder communication and service, acting as a key contact for Equity Finance operations.
Support the onboarding process, ensuring adherence to industry standards and best practice.
Liaise with the Revenue Finance team to ensure accurate accruals, fee capture, and rebate/fee reconciliations.

Requirements

At least two (2) years of professional experience working in an Securities Lending operations function.
Demonstrated hands-on experience in securities lending or stock loan operations, including loan booking, term loan management, and equity/fixed income borrow/loan settlement.
Experience building and documenting operational processes as well as working with settlement, clearing, risk, and margin functions.
Deep cross-asset knowledge (fixed income and equity).
Familiarity with securities lending platforms and systems (e.g. Loanet, Equilend, 4sight/FIS, Broadridge SecFinance, or equivalent).
Solid experience in managing bilateral secured financing operations.
Strong understanding of the MSLAs, GMSLAs and key contractual mechanics: right of substitution, manufactured payments, close-out netting, and event of default provisions.
Working knowledge of regulatory frameworks relevant to securities financing transactions, including SFTR reporting obligations and CSDR settlement discipline.
Ability to partner with the Equity Finance Trading team to optimise inventory.
Deep experience in managing operations risk items (recs, cash balances, nostro, etc.).
Experience in corporate actions processing within a lending/borrowing context, including entitlement claims, manufactured dividend calculations, and record date management.
Confident communicator with the ability to quickly build relationships with external clients and counterparties, and internal stakeholders.
Analytical approach with strong attention to detail.

Skills

Securities Lending operations
Stock loan operations
Loan booking
Term loan management
Equity/fixed income borrow/loan settlement
Operational process building and documentation
Settlement functions
Clearing functions
Risk management
Margin functions
Cross-asset knowledge (fixed income and equity)
Securities lending platforms and systems (e.g. Loanet, Equilend, 4sight/FIS, Broadridge SecFinance, or equivalent)
Bilateral secured financing operations
MSLAs
GMSLAs
Right of substitution
Manufactured payments
Close-out netting
Event of default provisions
Regulatory frameworks (SFTR, CSDR)
SFTR reporting
CSDR settlement discipline
Equity Finance Trading optimization
Operations risk management (recs, cash balances, nostro)
Corporate actions processing (lending/borrowing context)
Entitlement claims
Manufactured dividend calculations
Record date management
Client communication
Business stakeholder communication
Relationship building
Analytical skills
Attention to detail

Location

On-site

Work Type

Hybrid
Full-time

Experience Level

Experienced

Salary/Compensations

$100,000 - $150,000

Benefits

Company equity
401k matching
Gender neutral parental leave
Full medical, dental and vision insurance
Lunch stipends
Fully stocked kitchens
Happy hours

About the Company

Clear Street is modernizing the brokerage ecosystem by replacing legacy infrastructure with a cloud-native clearing and custody system.
Their platform is fully integrated with central clearing houses and exchanges, supporting billions in trading volume daily.
They combine skilled product and engineering talent with finance professionals to build essentials for fast-paced markets.

Equal Opportunity

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 and are proud to be an equal opportunity employer.