Global Settlements Associate 1 [Remote]

We're a dynamic team of 400+ globally distributed members who thrive working from our favorite places around the world, with teammates spanning the USA, Canada, Japan, Hungary, Nigeria, Brazil, the UK, and beyond!

Global Equity Settlement

• Own the end-to-end global equity settlement process, partnering with our custodian, counterparties, and internal stakeholders to ensure timely and accurate settlement across multiple international markets.


• Ensure transactions are accurately recorded across internal and external systems to facilitate successful settlement.


• Monitor daily settlement activity and proactively identify transactions at risk of failing.


• Investigate and resolve settlement exceptions, trade discrepancies, and failing transactions.


• Review buy-ins, settlement penalties, and aged fails while coordinating remediation efforts with counterparties and our custodian.


• Monitor trade matching through SWIFT and settlement platforms, ensuring counterparties affirm and match trades within required market deadlines.

• Investigate and resolve trade mismatches, including:


• Settlement instruction discrepancies


• Quantity and price differences


• Allocation issues


• Counterparty booking errors


• FX and market-specific settlement exceptions


• Partner closely with trading, finance, compliance, counterparties, and custodians to drive timely resolution of settlement issues.


• Escalate complex settlement discrepancies and operational risks to the Director of Brokerage Operations when appropriate.

• Perform daily reconciliations of securities positions and cash balances across multiple global markets and currencies.


• Investigate and resolve cash and stock reconciliation breaks between internal ledgers and external custodians.


• Produce reconciliation reports identifying money differences, position discrepancies, and operational exceptions.


• Ensure all reconciliation breaks are researched, documented, and resolved within established service levels.

• Ensure operational processes comply with applicable SEC, FINRA, and global market regulations.


• Support compliance with SEC Rule 15c3-3 by helping maintain proper possession and control of customer securities.


• Identify operational risks and escalate issues that may impact clients, settlement, or regulatory obligations.


• Maintain complete and organized operational records supporting audits, examinations, and regulatory reviews.


• Assist the Director of Brokerage Operations with Internal Audit requests, regulatory examinations, and remediation efforts.

• Produce timely, accurate, and meaningful operational reporting on settlement activity, aged fails, reconciliation breaks, and operational metrics.


• Prepare work papers, operational summaries, root cause analyses, and management reporting.


• Identify recurring operational issues through trend analysis and recommend improvements that reduce risk and increase efficiency.


• Update operational procedures, controls, and documentation as business processes evolve.


• Support the implementation of policy frameworks while serving as a resource for operational policy questions.

• Partner with Engineering and Product teams to automate manual operational workflows and improve settlement processes.


• Leverage SQL, Metabase, AI tools (such as Cursor and ChatGPT), and reporting platforms to enhance operational efficiency and analytics.


• Participate in cross-functional projects supporting new products, international market expansion, and operational scalability.


• Contribute to continuous improvement initiatives that enhance the client experience while reducing operational risk.

• Work cross-functionally with Brokerage Operations, Trading, Finance, Compliance, Engineering, and Customer Operations to ensure seamless post-trade processing.


• Foster an environment of teamwork, accountability, and continuous learning.


• Support department initiatives and perform additional responsibilities as business needs evolve.

• 2+ years of experience supporting brokerage operations with a focus on global equity settlements


• Strong understanding of securities settlement lifecycles within a broker-dealer or carrying firm


• Experience working with third-party clearing firms and global custodians


• Knowledge of U.S. broker-dealer operations and financial industry regulations.


• Familiarity with BNY Nexen or similar global custody settlement platforms


• Working knowledge of SWIFT settlement messaging (MT54x series), Euroclear, DTCC, and international settlement practices


• Experience settling securities across global markets, including Europe and Asia (Hong Kong, South Korea, and other international markets)


• Strong expertise performing cash and position reconciliations across multiple currencies and markets


• Experience investigating trade mismatches and collaborating directly with counterparties to resolve settlement issues


• Ability to analyze operational data, identify trends, and make sound decisions based on available information


• Excellent written, verbal, and interpersonal communication skills


• Strong organizational skills with exceptional attention to detail


• Ability to manage multiple priorities while working independently in a fast-paced environment


• Comfortable working remotely while collaborating across distributed teams


• Working knowledge of SQL, Metabase, or similar reporting and data analysis tools.


• Proficiency with Microsoft Office and Google Workspace


• Adaptability to evolving regulatory requirements and business priorities


• Possess the Securities Industry Essentials (SIE) Exam and Series 99 license (or higher), or obtain the Series 99 within 180 days of hire

• Stay Curious by continuously learning and seeking opportunities to improve


• Have Empathy when collaborating with teammates, clients, and partners


• Are Accountable by taking ownership of outcomes and following through on commitments

• Associate's or Bachelor's degree in Business, Finance, Accounting, Economics, or a related discipline


• Five or more years of experience in brokerage operations, reconciliation, settlements, accounting, banking, or financial services


• Experience with DTCC U.S. equity settlement processing


• Knowledge of tokenized securities or digital asset settlement


• Experience using AI-powered productivity tools (Cursor, ChatGPT, GitHub Copilot) to automate workflows or enhance data analysis


• Experience supporting automation initiatives in partnership with Engineering teams.


• Series 7 or additional FINRA licenses


• Experience working within a high-growth fintech or electronic brokerage environment

How We Take Care of You:

• Competitive Salary & Stock Options


• Health Benefits


• New Hire Home-Office Setup: One-time USD $500


• Monthly Stipend: USD $150 per month via a Brex Card

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