Associate Director - Operations Regulatory Reporting

About Clear Street:

Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets.

We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market. Clear Street’s proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimizing risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency.

By combining highly-skilled product and engineering talent with seasoned finance professionals, we’re building the essentials to compete in today’s fast-paced markets.

 

The Role:

The Associate Director – Operations Regulatory Reporting candidate will be responsible for the strategic and day to day management of all Clear Street LLC non-financial regulatory reporting requirements. 

Regulatory operations is the Firm’s team that ensures that Clear Street is compliant with a wide range of non-financial regulatory reporting obligations covering cross product/market and jurisdictional requirements.

This role will interface with all front office business lines within the company and co-ordinate closely with Technology, Legal and Compliance. 

Core to this role is establishing best practice, robust, and efficient regulatory reporting processes through comprehensive compliance analysis, gap identification, vendor system mapping, and operational framework development for Swaps reporting.

 

Responsibilities:

• Production and submission of all non-financial regulatory reporting including but not limited to FINRA, SEC and CFTC transaction reporting
• Implement completeness and accuracy control tests of all submissions, including reconciliation process
• Drive operational excellence in trade reporting infrastructure by identifying gaps in reportable event capture, validating logic, and providing strategic recommendations, ensuring complete trade lifecycle coverage
• Identify solutions to correct system issues, document requirements to high quality, and perform tests to identify accurate resolutions
• Perform analysis to detect anomalies in the reporting data, investigate reporting issues and facilitate back reporting projects
• Advise on new business regulatory reporting requirements to facilitate commercial activity
• Complete UAT on new reporting set ups, inclusive of any new Clear Street entity
• Analyse internal client and external regulatory inquiries
• Maintain an up to date understanding of relevant FINRA, SEC and CFTC regulatory requirements and developments
• Work collaboratively across multiple business lines and stakeholder groups in strategic initiatives 
• Participate in and influence discussions in external forums to improve and develop consistent reporting standards in the industry
  
  

 

Skills required:

• Bachelor's degree with 7+ years experience in financial services
• Expertise of SEC and CFTC reporting requirements for security-based swap dealers
• Expertise of FINRA reporting requirements for broker dealers
• Experience with regulatory reporting and disclosures, in particular SEC, CFTC, and other global non-financial regulatory reporting obligations
• Ability to be up-to-date on rule and reporting changes, and communicating them effectively
• Strong analytical skills with an ability to understand complex workflows paired with meticulous attention to detail
• Experience with vendor integration and implementation a plus
• Excellent communication skills to clearly articulate issues and ideas and provide timely escalation
• Self-motivated and proactive team player
• Practical experience of writing business requirements, identifying solutions and defining and executing test cases
• Working knowledge of financial markets, regulatory landscape and associated processes, including the lifecycle of a trade
• Flexible and able to work well under pressure in a team environment
• Working knowledge of financial products across securities, exchange traded derivatives and OTC Derivatives across Equity, Credit, Interest Rates, FX and Commodities
• Experience participating in discussions and influencing outcomes in industry groups

We Offer:

The Base Salary Range for this role is $150,000 - 175,000. 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 and are proud to be an equal opportunity employer. #LIHYBRID