Brokerage Clearing Specialist

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 What You'll Need 2+ years working in the P&S Dept with a Broker-DealerP&S specialist with Equity/Option product knowledge Buy-in knowledge re: REGSHO rule Reconciliation of Equity Trade Breaks in CNSObligation Warehouse monitoring and Corrective action Series 7 Familiarity with industry utilities and platforms (e.g., DTCC, NSCC, TRAQS, NASDAQ WORKX and TRAFIX)Chicago, IL - Hybrid Applicants must be authorized to work for any employer in the U.S. and have the ability to come into our Chicago office. Drive Wealth is unable to sponsor or take over sponsorship of an employment Visa at this time.

Pay Range: $100,000 USD - $120,000 USDWorking at Drive Wealth 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 full insurance coverage, 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, and extended leave. Work Authorization Applicants must possess the legal right to work in the country where the position is located at the time of application. Drive Wealth requires all employees to provide original documentation verifying their work authorization on or before their first day of employment. For US-based roles: Applicants must be currently authorized to work in the United States on a full-time basis without the need for current or future visa sponsorship. Drive Wealth does not provide visa sponsorship or support for employment authorization, including transfers, at this time. Offers of employment are strictly contingent upon an individual's ability to secure and maintain the legal right to work at the Company. How We Think About AIWe 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.

Equal Employment Opportunity: To build technology and products that are used and loved by people and solve real-world problems, we need to build a team with many different perspectives and experiences. We are an equal opportunity employer. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We encourage candidates from all backgrounds to apply.

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