Job Description
Position: Lead – Trade Operations
Practice: Banking and Finance Ops
Job Title: Lead – Trade Operations
Reporting To: Manager
Experience: 8 - 10 Years
Role Overview:
The Lead – Trade Operations will manage end-to-end post-trade activities while also guiding junior team members. This role requires strong operational expertise across CRIMS, DTCC workflows, custodial processes, and reconciliation. The Lead will act as a bridge between the trading desk and custodial partners, ensuring timely settlement, exception reduction, and workflow improvements.
Key Responsibilities and Duties:
Trade Lifecycle Management
Manage daily trade operations across equities, fixed income, and options—from trade capture to final settlement.
Ensure trades are entered correctly in Charles River, validated against compliance rules, and properly routed.
Oversee allocations, confirmations, and affirmations in coordination with custodians and brokers.
Custodian & Prime Broker Coordination
Act as the main point of contact for our custodians (Pershing, Fidelity, Schwab, Goldman Sachs).
Coordinate prime brokerage and trade-away settlements, ensuring all trades are booked and reconciled accurately.
Proactively investigate and resolve any failed trades, mismatched instructions, or settlement issues.
DTCC and Industry Process Oversight
Manage the DTCC confirmation and affirmation process to make sure trades are affirmed and settled on schedule.
Monitor exceptions and resolve trade discrepancies before settlement deadlines.
Stay current on industry changes, such as T+1 settlement and other post-trade updates.
Process Improvement & Automation
Identify areas where automation can streamline workflows or reduce manual touchpoints.
Partner with technology and trading teams to implement smarter settlement and reconciliation tools.
Keep our SOPs up to date to ensure consistency and clarity across processes.
Reconciliation & Risk Control
Perform daily reconciliations of trades, cash, and positions between internal systems and custodians.
Maintain the accuracy of trade blotters and custodial records.
Resolve discrepancies quickly and document resolutions for audit and compliance purposes.
Team Collaboration
Work closely with the trading desk, portfolio management, compliance, and finance to ensure seamless trade flow.
Share your expertise during new custodian setups or system integrations.
Mentor junior team members and help strengthen overall operational knowledge across the team.
Qualifications:
Mandatory Qualifications
Minimum of 8 years in trade operations within an RIA, asset manager, hedge fund, or broker-dealer.
Hands-on experience with Charles River (CRIMS) and custodian platforms (Pershing, Fidelity, Schwab, Goldman Sachs).
Deep understanding of trade settlement, clearing, and custody operations, including DTCC and Omgeo workflows.
Strong working knowledge of equities, fixed income, and options trade lifecycles.
Proven ability to troubleshoot settlement issues and reduce breaks through process improvements.
Comfortable working with data and systems—advanced Excel skills and familiarity with automation tools are a plus.
A proactive mindset, strong attention to detail, and the ability to stay calm under tight deadlines.
Preferred Qualifications
Experience leading or supporting T+1 settlement readiness or other industry initiatives.
Familiarity with SWIFT messaging, FIX trade flows, or other electronic trading protocols.
Prior experience managing vendor relationships or system integrations.
FINRA licenses (Series 7 or 99) are preferred but not required.
Performance Metrics
Settlement accuracy and timeliness.
Reduction in settlement breaks and operational exceptions.
Successful implementation of process improvements and automation.
Quality of internal documentation and SOPs.
Effective collaboration across teams and external partners.
Practice: Banking and Finance Ops
Job Title: Lead – Trade Operations
Reporting To: Manager
Experience: 8 - 10 Years
Role Overview:
The Lead – Trade Operations will manage end-to-end post-trade activities while also guiding junior team members. This role requires strong operational expertise across CRIMS, DTCC workflows, custodial processes, and reconciliation. The Lead will act as a bridge between the trading desk and custodial partners, ensuring timely settlement, exception reduction, and workflow improvements.
Key Responsibilities and Duties:
Trade Lifecycle Management
Manage daily trade operations across equities, fixed income, and options—from trade capture to final settlement.
Ensure trades are entered correctly in Charles River, validated against compliance rules, and properly routed.
Oversee allocations, confirmations, and affirmations in coordination with custodians and brokers.
Custodian & Prime Broker Coordination
Act as the main point of contact for our custodians (Pershing, Fidelity, Schwab, Goldman Sachs).
Coordinate prime brokerage and trade-away settlements, ensuring all trades are booked and reconciled accurately.
Proactively investigate and resolve any failed trades, mismatched instructions, or settlement issues.
DTCC and Industry Process Oversight
Manage the DTCC confirmation and affirmation process to make sure trades are affirmed and settled on schedule.
Monitor exceptions and resolve trade discrepancies before settlement deadlines.
Stay current on industry changes, such as T+1 settlement and other post-trade updates.
Process Improvement & Automation
Identify areas where automation can streamline workflows or reduce manual touchpoints.
Partner with technology and trading teams to implement smarter settlement and reconciliation tools.
Keep our SOPs up to date to ensure consistency and clarity across processes.
Reconciliation & Risk Control
Perform daily reconciliations of trades, cash, and positions between internal systems and custodians.
Maintain the accuracy of trade blotters and custodial records.
Resolve discrepancies quickly and document resolutions for audit and compliance purposes.
Team Collaboration
Work closely with the trading desk, portfolio management, compliance, and finance to ensure seamless trade flow.
Share your expertise during new custodian setups or system integrations.
Mentor junior team members and help strengthen overall operational knowledge across the team.
Qualifications:
Mandatory Qualifications
Minimum of 8 years in trade operations within an RIA, asset manager, hedge fund, or broker-dealer.
Hands-on experience with Charles River (CRIMS) and custodian platforms (Pershing, Fidelity, Schwab, Goldman Sachs).
Deep understanding of trade settlement, clearing, and custody operations, including DTCC and Omgeo workflows.
Strong working knowledge of equities, fixed income, and options trade lifecycles.
Proven ability to troubleshoot settlement issues and reduce breaks through process improvements.
Comfortable working with data and systems—advanced Excel skills and familiarity with automation tools are a plus.
A proactive mindset, strong attention to detail, and the ability to stay calm under tight deadlines.
Preferred Qualifications
Experience leading or supporting T+1 settlement readiness or other industry initiatives.
Familiarity with SWIFT messaging, FIX trade flows, or other electronic trading protocols.
Prior experience managing vendor relationships or system integrations.
FINRA licenses (Series 7 or 99) are preferred but not required.
Performance Metrics
Settlement accuracy and timeliness.
Reduction in settlement breaks and operational exceptions.
Successful implementation of process improvements and automation.
Quality of internal documentation and SOPs.
Effective collaboration across teams and external partners.
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