DriveWealth is on a mission to make investing easier. We believe that everyone should have the ability to control their financial future, and that access to financial markets should not be limited by geography, wealth, or legacy systems. We are a global B2B financial technology organization dedicated to democratizing access to financial independence around the world. Our mission is realized through an API-based platform, empowering our partners to offer seamless investing and trading experiences to clients worldwide, all from their mobile devices. Our technology provides partners with a modern, extensible toolkit, enabling traditional investment workflows and innovative techniques like fractional share ownership. DriveWealth has evolved into a global platform offering trading of US equities, mutual funds, ETFs, fixed income, and options.
There’s never been a better time to build a category-defining business and there has rarely been a team better positioned for this opportunity. Our culture blends the pace and agility of a fintech start-up with the impact, stability, and discipline of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. Join us and help build the future of global investing!
About the Role
The Options Lead oversees the post trade processing of Options and plays a vital role in the end-to-end option lifecycle for OCC-specific products. In this role, you will be directly responsible for working with the responsible party to handle Settlements, Purchase & Sales, OCC position reconciliation, assignment & exercise processing, corporate actions processing, ACAT’s, regulatory reporting, and expiration day risk management.
What You’ll Do
- Manage the complete post-trade lifecycle for exchange listed options—clearing, reconciliation, and settlement—using OCC’s ENCORE platform, or that of the responsible OCC clearing member.
- Process daily activity, including trades, exercises/assignments, expiration events, and position reconciliations.
- Monitor and resolve trade breaks, unmatched activity, and clearing discrepancies in coordination with counterparties and clearing firms.
- Confirm that corporate actions, accelerated options, cash-in-lieu processing, and corporate events are processed promptly.
- Monitor OCC notices, market events, and rule changes, and ensure relevant impacts are assessed and addressed operationally.
- Collaborate with operations, technology, and compliance teams to maintain and improve straight-through processing and exception handling.
- Drive requirements gathering and process improvement efforts, collaborating with clients, SMEs, third-party vendors, and internal product teams.
- Prioritize features and enhancements using MoSCoW principles to align with business goals and development capacity.
- Work closely with development teams to validate solution designs and define implementation plans.
- Collaborate with QA teams to establish clear and measurable user acceptance criteria.
- Support during implementation and deployment of Trade Capture and P&S enhancements.
- Monitor industry developments impacting trade capture and back-office flows
What You Bring
- 10+ years experience working with OCC Encore in a clearing capacity as well as fintech operational product experience/knowledge.
- Experience with one or more industry platforms such as Broadridge BPS, BetaNxt, Phase3 or InteliClear.
- Solid understanding of US Options retail, correspondent clearing, and institutional trade flows (bonus: equities, fixed income, mutual funds).
- Knowledge of Options Clearing Corporation (OCC) flows in trade processing and clearing.
- Familiarity with OCC file types and processing cycles (e.g., E&A files, CMR, position files).
- Exposure to regulatory reporting (e.g., FOCUS reports, segregation reporting) as it relates to options clearing.
- Familiarity with both fully disclosed and omnibus account structures.
- Possess a FINRA S7,S4
- Exceptional communication, collaboration, analytical and problem-solving abilities
- Team-oriented with the ability to build effective, internal and external relationships.
Nice to Have but Not Required
- SQL or data analytics skills for building reports and supporting exception analysis.
- Working knowledge of Scaled Agile Framework (SAFe) methodologies.
- Hands-on technical proficiency in SQL, REST API integrations, etc.
Applicants must be authorized to work for any employer in the U.S. DriveWealth is unable to sponsor an employment Visa at this time.
Compensation
Compensation package offerings are based on candidate experience and technical qualifications, as it relates to the role. These are identified and determined throughout your interviewing experience.
Please note: this role is expected to come into our office on a cadence set by the Hiring Manager/Team.
We do our best work when we’re in the same room. To maintain the speed our partners expect, our New York and Chicago teams work in-office 4 days a week. We’ve found that being physically side-by-side is the only way to solve complex problems in real-time and stay truly accountable to the products we ship. When you’re here, you’re working directly with the people making the decisions. To support that work, we provide competitive compensation, equity, and a 401(k) match. We also offer full insurance coverage, a wellness reimbursement, a company-provided phone, and a personal development allowance. Finally, we value the time you spend away from the office with generous PTO, observed holidays, and extended leave.
How We Think About AIWe leverage AI to work smarter and move faster. We seek AI curious talent who are proactive about using emerging tools to increase signal quality, reduce friction and improve outcomes to deliver product faster, provide better service to our partners, and to streamline processes. Your ability to leverage our internal tools and technology to drive results is as important to us as your core domain expertise.
CompensationPay is generally based upon the level, complexity, responsibility, location and job duties / requirements of the specific position. We then source candidates with the requisite skills, expertise, education, training, and experience. If you are selected for an interview, please feel welcome to speak to a recruiter about our compensation philosophy and other available benefits. This role is eligible for base, bonus, equity, 401(k) match, and heavily subsidized benefits and perks.
Equal Employment OpportunityTo build technology and products that are used and loved by people and solve real-world problems, we need to build a team with many different perspectives and experiences. We are an equal opportunity employer. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We encourage candidates from all backgrounds to apply. Applicants in need of special assistance or accommodation during the interview process or in accessing our website may contact us at [email protected].
Agency DisclaimerDriveWealth does not accept agency resumes. Do not forward resumes to our jobs alias, employees, or any other organization location. DriveWealth is not responsible for any fees related to unsolicited resumes.
Top Skills
What We Do
Over the past ten years, DriveWealth has been breaking down the barriers between global investors and U.S. markets and improving the financial lives of people that have been traditionally underserved and underbanked. We’ve built patent-pending technology to fractionalize US equities and were the first to receive a license to do so in 2015.
Why Work With Us
DriveWealth is growing quickly, and we need your help! This year we plan to getting close to doubling our headcount. We've raised over $100M so far from seasoned fin-tech investors Route 66, Point 72, and Raptor.
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