Senior Manager, Settlements

The opportunity Altruist is in an exceptional growth phase and we are hiring a Senior Manager of Settlements to lead and elevate our Settlements team within the Operations department. This role is integral to ensuring seamless trading, settlement, and reporting processes, supporting operational efficiency, risk mitigation, and continuous improvement across the organization. Your impact Lead and mentor a team of Settlement Analysts, providing guidance, coaching, and development opportunities to ensure a high‑performing team. Manage daily settlement operations, including fail control functions, buy‑ins for aged fails, and daily settlement reconciliations. Oversee segment deficit management, including curing deficits and completing segmentation reporting. Collaborate with internal teams (ACATS, Securities Lending Ops, Trading, FinOp) and external stakeholders (DTC, street counterparties, 3rd party vendors) to resolve settlement issues promptly and effectively. Ensure accurate and timely processing of daily entries, adjustments, and corrections in the brokerage platform. Identify, investigate, and resolve escalated trade, cash, and position reconciliation issues. Develop, document, and maintain department procedures, guidelines, and controls to ensure regulatory compliance and operational efficiency. Partner with Product and Engineering teams to design and implement innovative solutions for process improvement and automation. Monitor and report fail exposures to senior management, ensuring robust risk management practices. Support and enhance systems integration to maintain data accuracy, consistency, and completeness across platforms. Stay informed on industry developments, technologies, and best practices to keep Altruist at the forefront of settlement operations. Serve as the point of contact (POC) for fixed‑income escalations, ensuring prompt resolution and effective communication with stakeholders. Oversee and ensure compliance with TRACE and MSRB reporting requirements, maintaining accuracy and timeliness in reporting fixed‑income transactions. What you bring Experience - 8+ years in brokerage operations and 4+ years in a people‑management position, with specific expertise in trade clearance and settlements for a self‑clearing broker‑dealer. Leadership skills - strong coaching abilities with a proven track record of building and managing high‑performing teams. Securities licenses - Series7, 24, and 53 licenses. Technical aptitude - Proficient with DTC, NSCC, Obligation Warehouse, SMART Track, and other DTCC applications; expertise in fixed‑income processing and settlement. Ownership - Demonstrates pride and accountability in every aspect of work. Superb communication - Intentional dialogue with active listening and clear perspective sharing. Resilience - Unwavering determination to achieve success despite adversity. Assurance - Confidence without ego, strong knowledge base, and openness to differing perspectives. Creative problem solving - Instinctively finds solutions to roadblocks beyond problem identification. What we bring A hybrid work schedule for most positions to promote strong, in‑person collaboration. Stunning, amenity‑filled office spaces in Culver City, CA; San Francisco, CA; and Dallas, TX designed for comfort, collaboration, and productivity. Competitive pay and equity for eligible positions. Premium healthcare, dental, and vision insurance plans (HMO and PPO). 401(k) savings plan with a 4% match and immediate vesting. 16week paid parental leave after one year of employment. Professional growth and development opportunities including an employee mobility program and an annual L&D budget allocation for each employee. Company perks program (including discounts on pet insurance, fitness, cell phone plans, and travel). Financial guidance program (counseling on debt, personal spend, savings and planning goals, home‑purchasing preparedness). One‑month work‑from‑anywhere policy (excluding a few countries). Dallas, TX salary range: $119,000 – $164,000 USD. Total compensation includes a competitive benefits package, along with equity in the form of Stock Options (ISOs) for eligible roles. For salaried positions, a salary offer will be determined by a number of factors including experience, skill level, internal pay equity, geographic location, and other relevant business considerations. We review all employee pay and compensation programs regularly to ensure fair, equitable, and competitive pay. Base salaries are reviewed at regular intervals throughout the year, typically in conjunction with performance review cycles. By evaluating compensation on a regular basis, we reward high performance and ensure all employees have opportunities for growth. #J-18808-Ljbffr Altruist