Trading & Operations Lead - OpenYield Inc

Trading & Operations Lead 

OpenYield is on a mission to evolve the standards of fixed income trading through technology and collaboration. We operate a fully automated bond marketplace (ATS) making it easy for broker-dealers, advisors, and asset managers to trade bonds.

POSITION SUMMARY

We are currently seeking an experienced Trading & Operations Lead to join our team and take charge of platform operations. Operations plays a key role in the functioning of the ATS and ranges from customer onboarding and adoption, transaction processing, settlements, and compliance. You will touch the most critical functions of the platform and work with executive management to develop workflows and technology to ensure best in class operations of our venue. The ideal candidate will be a self-starter with a strong background in fixed income operations and settlements, excellent attention to detail, and the ability to thrive in a fast-paced environment.

ESSENTIAL FUNCTIONS

• Oversee daily trading and settlement activity.
• Reconcile trading inventories and settlement accounts. Promptly resolve trade breaks, fails, DKs
• Manage client onboarding from agreement signed to active trading.
• Facilitate the opening of new settlement accounts at our clearing agent.
• Update appropriate systems with all client communication, activities, and other relevant data.
• Support Chief Compliance Officer with day-to-day compliance monitoring and policy implementation.
• Complete and/or escalate client requests with the utmost attention to detail in facilitating white-glove level service.
• Assist in the improvement or development of operational processes and work with the firm's technology team or third-party service providers to implement operational improvements.
• Maintain relations with and an understanding of the systems of custodians and transfer agents. 
• Partner with the product team to prioritize enhancements and develop new features 

SUCCESS FACTORS

• Detail-oriented with a high level of personal responsibility 
• Demonstrated resourcefulness and problem-solving skills to address complex issues independently.
• Takes initiative and works autonomously to identify and resolve operational challenges efficiently. 
• Ability to adapt quickly to changing priorities and complete multiple tasks simultaneously with minimal supervision.
• Passionate about helping team members and clients.
• Strong process and planning orientation; goal-oriented and task-driven.
• Direct communication style with reliable follow-through on commitments.
• Balances team needs with firm goals; able to work independently but enjoys collaborating within a team environment.
• Awareness of limitations and willingness to seek assistance, learn and grow.
• Positive and outgoing demeanor.

EXPERIENCE AND EDUCATION

• Five years of operational experience specific to operations of fixed income instruments
• Finance, Accounting or Business degrees preferred.
• Series 7, 52, & 63 or aptitude to earn them within 2 months of hire required. Series 24, 53 preferred.
• Strong general technology knowledge.
• Experience with clearing account opening and maintenance including applicable KYC requirements,
• Knowledge of necessary financial principles involved in fixed income instruments,  
• Knowledge of DTCC, NSCC, FICC clearing and settlement
• Familiarity with business software; Google Workplace or MS Office, Tableau, CRM software, etc
• Familiarity with billing and reporting concepts such as fee invoicing, revenue & expense sharing. 
• Exceptional written and verbal communication skills.

What We Offer

• Hybrid work environment, NYC HQ 
• Participation in the equity pool 
• The opportunity to be a part of a next generation startup that is disrupting an industry
• Benefit package includes Medical, dental, vision, 401k

We do not accept unsolicited headhunter and agency resumes and will not pay fees to any third-party agency or company that does not have a signed agreement with OpenYield. Any resume or referral submitted in the absence of a signed agreement will become the property of OpenYield and no fee will be paid

In accordance with New York City's Pay Transparency Law, the base salary range for this role is $125,000 to $175,000. Placement within this range is dependent upon level of experience. Base salary does not include other forms of compensation or benefits.

OpenYield is an equal opportunity employer and welcomes applicants from diverse backgrounds. For more information about OpenYield, please visit www.openyld.com.