Associate - Securities Lending Operations
Job description
About the role
Clear Street is a modern financial services firm replacing legacy brokerage infrastructure with a cloud-native clearing and custody system. Founded in 2018, the platform integrates with central clearing houses and exchanges to support high trading volume. This role focuses on securities lending operations, where your decisions directly influence inventory and cash movements each day. You will own the end-to-end lifecycle, protect the firm through fails management, and align closely with Settlement and trading partners. You will orchestrate intake of new securities lending relationships and oversee onboarding documentation to ensure accuracy and compliance. In this capacity, you design and control workflows for loan booking, rate negotiation support, and settlement across equity and fixed income assets while maintaining strict operational discipline. You will lead corporate action processing, including dividends, manufactured payments, and rights or spin-off events, applying deep cross-asset knowledge to these activities. Additionally, you drive daily mark-to-market activities, rate reset procedures, and contractual settlement execution to manage risk and ensure timely performance.
Key facts
What you'll do
Orchestrate intake of new securities lending relationships and oversee onboarding documentation.
Design and control workflows for loan booking, rate negotiation support, and settlement across equity and fixed income assets.
Lead corporate action processing, including dividends, manufactured payments, and rights or spin-off events.
Drive daily mark-to-market activities, rate reset procedures, and contractual settlement execution.
Partner with Settlement to manage fails risk and ensure strict adherence to cut-off timelines.
Oversee return and recall activities plus buy-in processes aligned with settlement windows.
Monitor CCP and exchange margin requirements while managing operational KPIs and reconciliations.
Supervise daily position and cash checks across internal systems, prime brokers, custodians, tri-party agents, and venues such as OCC or NSCC-SFT.
use deep cross-asset knowledge spanning fixed income and equity products and services.
Process corporate actions within lending or borrowing contexts, covering entitlement claims, manufactured dividend calculations, and close-out activities.
Coordinate with technology and operations stakeholders to implement controls and streamline lending and borrowing operations.
Perform ongoing monitoring of third-party service providers and prime brokers to ensure accuracy and reliability of data and settlements.
Execute reconciliations of loan portfolios, positions, and cash flows to detect discrepancies and drive timely resolution.
Support optimization of inventory levels by collaborating with Equity Finance Trading on strategy adjustments and operational improvements.
Maintain detailed documentation of processes, decisions, and exceptions to support audits, regulatory inquiries, and internal reviews.
Requirements
You bring at least two years of securities lending operations experience in a professional setting.
You demonstrate hands-on skills in loan booking, term loan oversight, and settling equity or fixed income borrows and loans.
You build and document operational processes while collaborating with settlement, clearing, risk, and margin teams.
You possess deep cross-asset knowledge spanning fixed income and equity products and services.
You show familiarity with securities lending platforms and systems, including Loanet, Equilend, 4sight/FIS, Broadridge SecFinance, or equivalent tools.
You manage bilateral secured financing operations with strong control orientation.
You understand MSLAs, GMSLAs, and key contractual mechanics, including right of substitution, manufactured payments, close-out netting, and event of default provisions.
You apply working knowledge of regulatory frameworks relevant to securities financing, including SFTR reporting and CSDR settlement discipline.
You collaborate with Equity Finance Trading to optimize inventory levels and operational efficiency.
You manage operations risk items such as recalls, cash balances, nostro structures, and related mitigations.
You process corporate actions within lending or borrowing contexts covering entitlement claims, manufactured dividend calculations, and close-out activities.
You maintain strict adherence to cut-off timelines and procedural controls to safeguard the firm against settlement failures and operational risk.
You communicate effectively with internal stakeholders and external partners to resolve issues and ensure transparent operations.
You uphold data integrity and accuracy in all documentation, reconciliations, and reports related to securities lending activities.
You contribute to continuous improvement initiatives by identifying control enhancements and process efficiencies.
Nice to have
None specified.
Practical notes
Full time
New York, NY
Skills & tools
Loanet, Equilend, 4sight/FIS, Broadridge SecFinance, Clear Street platform.
About the company
Clear Street builds institutional-grade execution for sophisticated investors. The platform combines AI-native trading intelligence with low-latency APIs and private market access.
Service teams provide white-glove support across onboarding, integration, and ongoing management. The system is designed for demanding strategies, delivering reliable performance and responsive infrastructure. Clear Street focuses on practical tools that integrate smoothly into existing workflows.