Wait, What Do You Do?

<div class="content-intro">About Altruist Altruist is transforming the multi-trillion dollar wealth management industry by building an AI platform for wealth professionals. We partner with financial advisors nationwide, empowering them to grow, optimize time and resources, and deliver superior outcomes for their clients. We're looking for exceptional talent to help us achieve our mission of making financial advice better, more affordable, and accessible to all. If you're passionate about challenging the status quo and want to do the most important work of your life, we'd love to meet you! But first, our values Kindness - Kindness doesn’t just equal niceness. We listen to understand. We embrace, and encourage healthy debate and diverse perspectives. We approach conflict openly, honestly, and respectfully. Brilliance - Humility is the skill we’re most proud of and possessing a growth mindset is always top of mind. We take ownership in everything we touch; regularly using our unique superpowers to reach a common goal as a team. We succeed and fail as one. Grit - When challenges arise, we stay laser focused on achieving our mission and finding a way forward, even when it’s hard. We are nimble and maintain a sense of urgency, swiftly adapting to change and overcoming obstacles.</div>About the position We are seeking an experienced Senior Settlements Operations Analyst to help position us for future growth and success. The successful candidate will play a critical role in managing and maintaining accurate and comprehensive data related to financial instruments, ensuring the integrity and efficiency of our trading and back-office operations. What you’ll do <ul> <li>Provide clearing back office support to investment advisors and their clients </li> <li>Support escalations to resolution and provide feedback to management and product partners for continuous improvement </li> <li>Reviews daily trade reports generated from the back-office clearing platform FIS/Phase 3 as well as external communications from counterparties, rectifying breaks and issues identified. </li> <li>Utilize the FIS/Phase 3 system to process trade comparisons and corrections.</li> <li>Conduct comparisons of fixed-income trades in FICC CMU and report fixed income transactions in FINRA TRACE and MSRB RTRS Web.</li> <li>Identify, investigate, and resolve trade, cash, and position reconciliation issues to ensure accurate transaction recording in appropriate systems and facilitate successful settlement. </li> <li>Support Depository Trust and Clearing Corporation (DTCC) Settlement functions and related processes such as Buy-Ins, Obligation Warehouse, and RECAPS. </li> <li>Review fail exposure & accurately report to senior regulatory management teams </li> <li>Reconcile daily possession and control issues </li> <li>Participate in the creation and maintenance of a centralized security information database, including ticker symbols, ISIN codes, CUSIP numbers, and other relevant identifiers.</li> <li>Ensure data accuracy, consistency, and completeness across various systems and databases.</li> <li>Collaborate with other teams to address and rectify any data-related problems promptly.</li> <li>Collaborate with IT teams to implement and enhance systems that support security master functions.</li> <li>Stay abreast of technological advancements and assess their applicability to improve data management processes.</li> <li>Maintain documentation of processes and procedures.</li> <li>Other duties as assigned</li> </ul> What you’ll bring <ul> <li>3+ years of experience working within back office operations, specifically in trade clearance and settlements for a self-clearing broker-dealer</li> <li>Expert knowledge with DTC, NSCC, Obligation Warehouse, SMART Track, and other DTCC suite applications</li> <li>Settlement, buy-in, fail control, and/or seg experience</li> <li>Exceptional communication skills with the ability to easily convey complex matters in an easy-to-understand manner</li> <li>Ability to build a team. Strong coaching skills</li> <li>Strong self-starter with ability to work independently</li> <li>Strong communication and analytical skills</li> <li>Comfortable working with large and complex data sets</li> <li>Ability to effectively prioritize and adapt to changing environment</li> <li>Able to multi-task and work under pressure</li> <li>FINRA Series 7 and/or 99, or the ability to obtain within 60 days of employment </li> </ul> Nice to have <ul> <li>Back Office System Knowledge FIS PHASE 3</li> <li>Bloomberg </li> <li>SQL and Advanced Excel knowledge</li> </ul><div class="content-pay-transparency"><div class="pay-input"><div class="title">Dallas, TX salary range</div><div class="pay-range">$79,000—$107,000 USD</div></div></div><div class="content-conclusion">What we bring Attracting and retaining top-tier talent is a priority. We are proud of the culture we’ve built and are cognizant of the ever-changing professional landscape. Our dynamic offering of perks and benefits are tailored for you to feel your best while doing your best. <ul> <li>A hybrid work schedule for most positions to promote strong, in-person collaboration.</li> <li>Stunning, amenity-filled office spaces in Culver City, CA, San Francisco, CA, and Dallas, TX. Our offices are intentionally designed for comfort, collaboration, and productivity. </li> <li>Competitive pay and equity for eligible positions.</li> <li>Premium healthcare, dental, and vision insurance plans (HMO and PPO).</li> <li>401k savings plan with a 4% match and immediate vesting.</li> <li>16 week paid parental leave after one year of employment.</li> <li>Professional growth and development opportunities including an employee mobility program and an annual L&D budget allocation for each employee.</li> <li>Company perks program (includes discounts on pet insurance, fitness, cell phone plans, and travel, etc.).</li> <li>Financial guidance program (includes counseling on navigating debt, tracking personal spend, saving and planning goals, home-purchasing preparedness, etc.).</li> <li>One month work from anywhere policy (with the exception of a few countries).</li> </ul> Total compensation includes a competitive benefits package, along with equity in the form of Stock Options (ISOs) for eligible roles. For salaried positions, a salary offer will be determined by a number of factors including experience, skill level, internal pay equity, geographic location, and other relevant business considerations. We review all employee pay and compensation programs regularly to ensure fair, equitable, and competitive pay. At Altruist, we are committed to providing fair, equitable, and competitive compensation by leveraging market data to inform our pay bands. Base salaries will be reviewed at regular intervals throughout the year, typically in conjunction with performance review cycles. By evaluating compensation on a regular basis, we are able to reward high performance and ensure all employees have opportunities for growth. Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Altruist we are dedicated to building a diverse, inclusive, and authentic workplace, so if you’re excited about this role, but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.</div>

Senior Settlements Analyst