Associate Director, Clearing Operations

Associate Director, Clearing Operations

Webull Financial – Saint Petersburg, Florida, United States

Webull is a leading digital brokerage platform built on next‑generation global infrastructure. We believe everyone should have an equal opportunity to control their own financial future. Our vision is to empower individual investors with tools and resources to succeed financially while providing a low‑fee trading experience, robust market data, and advanced analytical tools.

The Associate Director, Clearing Operations supports end‑to‑end back‑office clearing and settlement across retail and institutional businesses. This role requires strong hands‑on knowledge of DTCC settlement, trade exception management, reconciliations, and control reporting, including experience working with self‑clearing within an omnibus model.

• Support daily clearing and settlement activities across DTC, CNS, and non‑CNS markets, ensuring timely and accurate settlement of securities transactions.
• Ensure all transactions are accurately recorded and processed through internal systems and DTC to facilitate successful settlement.
• Perform DTC settlement functions, including Deliver Orders (DOs), Receiver Authorized Delivery (RAD) management, Securities Payment Orders (SPOs), pair‑offs, collateral pledges, and fail reversals (FRVs).
• Process ACAT and non‑ACAT customer transfers, including free deliveries and associated settlement activities.
• Manage settlement exceptions, including failing transactions, buy‑ins, fail reporting, and Obligation Warehouse (OW) processing, while ensuring compliance with Regulation SHO and applicable SEC rules.
• Perform daily trade, cash, position, and securities reconciliations across internal books, DTC, depositories, transfer agents, and counter parties; investigate and resolve discrepancies in a timely manner.
• Support institutional and retail trade flows, including allocations, affirmations, confirmations, settlement, journals, and post‑trade processing.
• Resolve trade exceptions across settlement platforms, including CTM.
• Protect customer fully paid securities through proper segregation, memo segregation, and possession and control procedures in accordance with SEC Rule 15c3‑3.
• Collect mark‑to‑market and resolve money differences through SPOs and cash reconciliation processes.
• Produce operational reporting, including aging reports, money difference reports, fail reporting, reconciliation metrics, and management reporting.
• Ensure compliance with applicable SEC, FINRA, DTCC, OCC, and internal regulatory requirements while maintaining complete and audit‑ready documentation.
• Assist with internal audits, regulatory examinations, and control documentation by preparing supporting work papers and responding to inquiries.
• Perform operational risk assessments, identify control deficiencies, conduct root cause analysis, and elevate material issues to management.
• Partner with Technology, Treasury, Finance, Compliance, and other business units to resolve operational issues, improve controls, and streamline processes.
• Drive continuous operational improvement through automation initiatives, process redesign, trend analysis, and collaboration with engineering teams.
• Develop, maintain, and communicate Standard Operating Procedures (SOPs), policies, and process documentation to support training, consistency, and operational continuity.
• Participate in projects, system implementations, testing, and other strategic initiatives supporting the self‑clearing business.
• Foster strong cross‑functional communication and teamwork while providing subject matter expertise and support across Clearing Operations.
• Perform additional duties and responsibilities as assigned to support business objectives and operational excellence.

• Bachelor’s degree in Finance, Economics, Business Administration, or a related field.
• Minimum of 7+ years of experience in broker‑dealer clearing, settlement, or operations.
• Active FINRA Series 99 and/or Series 7 and Series 24 licenses, or the ability to obtain the required licenses within 180 days of hire.
• Strong understanding of DTCC settlement…