ABOUT THE ROLE & TEAM
Webull’s Omnibus Operations team is a dynamic, back-office group focused on data-driven tasks and research. As a Clearing Operations Senior Associate, you will be a part of this team, focused on overseeing and managing the settlement of financial transactions, ensuring that trades are accurately processed, cleared, and settled in accordance with regulatory requirements and Webull policies. In this position, you will utilize Excel to clean, analyze, and organize data, ensuring accuracy and efficiency. As a member of this team, you will report directly to the Director of Operations, helping to streamline critical operational processes and enhance the overall efficiency of the team.
IN THIS ROLE, YOU WILL
- Serve as the subject matter expert (SME) in one or multiple functional areas for clearing. Functional areas include:
- Trading and Purchase & Sales
- Cash (customer-facing) and Treasury (firm needs)
- Corporate Actions and Security Master
- Stock Record, Segregation, and Security Movements
- Account transfers, Cost Basis, Trade Reporting
- Write desk procedures and create efficiencies in daily processing
- Deliver and discuss operational technical specifications to the development team
- Be heavily involved in building out omnibus processes, procedures, controls, and overall best practices
- Demonstrated in-depth knowledge of OCC (Options Clearing Corporation) rules, processes, and regulatory frameworks, including trade reconciliation, margin requirements, and daily balancing procedures.
- Supported daily operational workflows in alignment with OCC guidelines, ensuring accuracy in options trade clearing, exercise/assignment processing, and post-trade adjustments.
- Experienced with key platforms and systems such as OCC ENCORE, DTC, and NSCC
- Oversee daily clearing processes, including trade break resolution, buy-ins, and fail management, working closely with counterparties, custodians, and clearing banks.
- Conduct all operational tasks including resolving trade breaks, margin calls, trade settlement, journals, corporate actions, dividends, ACATS, statement delivery, trade confirmations, proxy delivery, and position and cash reconciliations
- Deliver objective analysis of error trends and opportunities and identify root causes
