Operations Specialist, Purchase & Sales
DriveWealth
DriveWealth is a global B2B financial technology organization dedicated to democratizing access to financial independence around the world. Our mission is realized through an API-based platform, empowering our partners to offer seamless investing and trading experiences to clients worldwide, all from their mobile devices.
Our technology provides partners with a modern, extensible toolkit, enabling traditional investment workflows and innovative techniques like fractional share ownership. DriveWealth has evolved into a global platform offering trading of US equities, mutual funds, ETFs, fixed income, and options.
We seek enthusiastic professionals to contribute diverse perspectives and experiences to our Brokerage-as-a-Service platform. Our culture blends the pace and opportunity of a tech start-up with the impact, stability, and significance of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. We value diversity and inclusion, celebrating the unique differences of our employees as we scale and grow together. We’re guided by operating principles grounded in accountability, teamwork, integrity, and solutions built to scale. Join us!
About the Role
The Purchase and Sales (P&S) Associate 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.
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-Dealer
- P&S specialist with Equity/Option product knowledge
- Buy-in knowledge re: REGSHO rule
- Reconciliation of Equity Trade Breaks in CNS
- Obligation Warehouse monitoring and Corrective action
- Series 99
- Familiarity with industry utilities and platforms (e.g., DTCC, NSCC, TRAQS, NASDAQ WORKX and TRAFIX)
Applicants must be authorized to work for any employer in the U.S. DriveWealth is unable to sponsor or take over sponsorship of an employment Visa at this time
Compensation
Compensation package offerings are based on candidate experience and technical qualifications, as it relates to the role. These are identified and determined throughout your interviewing experience.
Please note: this role is expected to come into our office on a cadence set by the Hiring Manager/Team.
Benefits
- Competitive medical, dental, and vision insurance options
- Mental Health and family planning services
- Unlimited paid time off with ten observed holidays
- 16 weeks of paid parental leave for biological and adoptive parents
- Pre-tax commuter benefits
- $2,500 each year to invest in continued education and personal development
- $75 a month in fitness and wellness reimbursement
- Company-provided phone
- Hybrid work experience that allows for flexibility
- For in-office employees, a daily lunch stipend, unlimited snacks, and engaging office space in the Financial District
The benefits outlined above are for US based employees, benefit offerings vary based on location.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
TO ALL AGENCIES: Please, no phone calls or emails to any employee of DriveWealth outside of the Talent organization. DriveWealth’s policy is to only accept resumes from agencies via Greenhouse (ATS). Agencies must have a valid services agreement executed and must have been assigned by the Talent team to a specific requisition. Any resume submitted outside of this process will be deemed the sole property of DriveWealth. In the event a candidate submitted outside of this policy is hired, no fee or payment will be paid.