Associate Director, Clearing Operations

Job description

About The Role & Team The 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. Why Webull? Webull is more than a fintech company—we’re a global community of innovators, collaborators, and trailblazers. Headquartered in St. Petersburg, FL, Webull operates in 14 regions worldwide, serving over 20 million users. At Webull, your ideas matter, your voice is heard, and your work makes a real impact. Investing in our people is a top priority for us, which is why we have a comprehensive benefits package that includes: Comprehensive Health Coverage : 100% paid medical and dental insurance for employees and dependents, vision insurance, and more! Financial Support : 401(k) match, commuter benefits for NY positions, and short-term disability coverage. Work-Life Balance : Generous time off that increases with tenure, paid parental leave, personal days, sick time, volunteer days and company holidays. Wellness & Pet Care : Fitness and wellness benefits, plus pet insurance for your furry friends. Investing in Your Future: We provide tuition reimbursement to help you pursue relevant degrees, certifications, and training that align with your career goals. Dynamic Office Perks : Catered breakfast (every Monday) & lunches (every Friday), fully stocked kitchens, and monthly happy hours to connect and collaborate. This role is based in our St. 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. EEOC Statement Webull is an equal opportunity employer. We’re committed to building a diverse and inclusive team where all backgrounds, perspectives, and talents are valued. Webull is a leading digital brokerage platform built on next generation global infrastructure. At Webull, we believe that everyone should have an equal opportunity to control their own financial future. Our vision has always been to empower individual investors with the tools and resources they need to succeed financially. This commitment remains at the heart of everything we do. From low-fee trading and robust market data to advanced analytical tools, we are committed to providing a seamless, top-tier trading experience.