Hudson River Trading (HRT) is seeking an experienced FICC Clearing Associate to join our Securities Financing & Clearing team in New York City. This role will support the clearance and settlement of fixed income products, with a primary focus on U.S. Treasuries cleared via the Fixed Income Clearing Corporation (FICC). The Clearing Associate will ensure timely and accurate trade processing, resolve exceptions, and help enhance our clearing infrastructure as our business expands.
The ideal candidate will have a keen interest in fixed income, trading systems, and technology, and will be an enthusiastic individual eager to learn and make an immediate, tangible impact on our fixed income business.
Responsibilities
- Manage end-to-end trade clearance and settlement of U.S. Treasury transactions through FICC
- Monitor trade flows and ensure accurate trade capture, allocation, and matching
- Identify, investigate, and resolve breaks, fails, and settlement discrepancies in a timely manner
- Liaise with counterparties, custodians, and FICC to ensure smooth trade settlement
Partner with internal teams (e.g., trading desk, middle office/operations, compliance, and risk) to optimize clearing workflows - Support regulatory and industry reporting requirements related to fixed income clearance
- Contribute to the development of policies, procedures, and controls to strengthen operational risk management
- Provide subject matter expertise on FICC rules, margining, and settlement processes
Qualifications
- 3+ years of relevant experience in fixed income operations, preferably in U.S. Treasuries clearance and settlement
- Strong understanding of FICC processes, margin, and settlement cycles
- Experience working with clearing systems, trade matching platforms, and custodians
- Proven ability to manage trade exceptions and settlement breaks
- Strong analytical, problem-solving, and communication skills
- Detail-oriented, with the ability to work independently in a fast-paced environment
- Familiarity with regulatory requirements impacting fixed income clearing (e.g., SEC, FINRA, DTCC rules) is a plus
The estimated base salary range for this position is $150,000 - $200,000 per year, based on job-related skills and experience. This role will also be eligible for discretionary performance-based bonuses and a competitive benefits package.DB2
Culture
Hudson River Trading (HRT) brings a scientific approach to trading financial products. We have built one of the world's most sophisticated computing environments for research and development. Our researchers are at the forefront of innovation in the world of algorithmic trading.
At HRT we welcome a variety of expertise: mathematics and computer science, physics and engineering, media and tech. We’re a community of self-starters who are motivated by the excitement of being at the cutting edge of automation in every part of our organization—from trading, to business operations, to recruiting and beyond. We value openness and transparency, and celebrate great ideas from HRT veterans and new hires alike. At HRT we’re friends and colleagues – whether we are sharing a meal, playing the latest board game, or writing elegant code. We embrace a culture of togetherness that extends far beyond the walls of our office.
Feel like you belong at HRT? Our goal is to find the best people and bring them together to do great work in a place where everyone is valued. HRT is proud of our diverse staff; we have offices all over the globe and benefit from our varied and unique perspectives. HRT is an equal opportunity employer; so whoever you are we’d love to get to know you.
Top Skills
What We Do
Hudson River Trading brings a scientific approach to trading financial products. We have built one of the world's most sophisticated computing environments for research and development. Our researchers are at the forefront of innovation in the world of algorithmic trading.
Why Work With Us
At HRT we are mathematicians, computer scientists, statisticians, physicists and engineers. We believe that by cultivating an environment that encourages idea sharing and collaboration, we develop our best strategies. We boast a flat management structure as all our people are motivated by being at the forefront of the automated trading world.
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Hudson River Trading Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
Teams have a range of in-office needs: some require 24/7 coverage or hands-on maintenance, while others operate across time zones. While the majority of teams adopt a fairly even split between in-office and remote work, many come in every day.
