Senior Settlements Analyst



Dallas, TX, USA
Posted on Tuesday, June 11, 2024

About Altruist

Altruist is a fast growing fintech company that's transforming the financial advice industry. Our mission is to make financial advice better, more affordable, and accessible to everyone. We’re a modern custodian built exclusively for registered investment advisors (RIAs). As we disrupt legacy custodians and revolutionize the $100T RIA market, we're seeking exceptional individuals to join our team. If you embody our core values of kindness, brilliance, and grit, and are passionate about making a meaningful impact, we want to hear from you!

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

  • Provide clearing back office support to investment advisors and their clients
  • Support escalations to resolution and provide feedback to management and product partners for continuous improvement
  • 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.
  • Utilize the FIS/Phase 3 system to process trade comparisons and corrections.
  • Conduct comparisons of fixed-income trades in FICC CMU and report fixed income transactions in FINRA TRACE and MSRB RTRS Web.
  • Identify, investigate, and resolve trade, cash, and position reconciliation issues to ensure accurate transaction recording in appropriate systems and facilitate successful settlement.
  • Support Depository Trust and Clearing Corporation (DTCC) Settlement functions and related processes such as Buy-Ins, Obligation Warehouse, and RECAPS.
  • Review fail exposure & accurately report to senior regulatory management teams
  • Reconcile daily possession and control issues
  • Participate in the creation and maintenance of a centralized security information database, including ticker symbols, ISIN codes, CUSIP numbers, and other relevant identifiers.
  • Ensure data accuracy, consistency, and completeness across various systems and databases.
  • Collaborate with other teams to address and rectify any data-related problems promptly.
  • Collaborate with IT teams to implement and enhance systems that support security master functions.
  • Stay abreast of technological advancements and assess their applicability to improve data management processes.
  • Maintain documentation of processes and procedures.
  • Other duties as assigned

What you’ll bring

  • 3+ years of experience working within back office operations, specifically in trade clearance and settlements for a self-clearing broker-dealer
  • Expert knowledge with DTC, NSCC, Obligation Warehouse, SMART Track, and other DTCC suite applications
  • Settlement, buy-in, fail control, and/or seg experience
  • Exceptional communication skills with the ability to easily convey complex matters in an easy-to-understand manner
  • Ability to build a team. Strong coaching skills
  • Strong self-starter with ability to work independently
  • Strong communication and analytical skills
  • Comfortable working with large and complex data sets
  • Ability to effectively prioritize and adapt to changing environment
  • Able to multi-task and work under pressure
  • FINRA Series 7 and/or 99, or the ability to obtain within 60 days of employment

Nice to have

  • Back Office System Knowledge FIS PHASE 3
  • Bloomberg
  • SQL and Advanced Excel knowledge
Dallas, TX salary range
$59,000$86,000 USD


  • Competitive salary and stock options
  • Premium Healthcare, Dental, and Vision insurance plans
  • Generous paid parental leave
  • 401(k) savings plan with matching contributions
  • Flexible paid time off

Total compensation includes a competitive benefits package along with equity in the form of Stock Options (ISOs). 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.