Operations Associate - Clearance and Settlement Specialist

D.A. Davidson Companies is an independent, employee-owned company with a rich history spanning more than 80 years. We are dedicated to conducting our business in accordance with the highest standards of integrity and ethics, and delivering outstanding service to our clients and each other. We support a friendly, open and supportive culture, and encourage candid communication and productive engagement that make our companies and each of us better. Just as we work to improve our clients’ financial well-being, we also work to strengthen local communities—and giving back is one of our core values. You can learn more about our company culture and impact in our latest annual report.

The Clearance and Settlement Specialist is responsible for trade reconciliation, processing daily security trade settlements, reconciling securities, and money transactions. The qualified candidate will possess the ability to multi-task, have good organization skills, retain a proven track record of producing accurate work and display a keen attention for detail.

• High school diploma with three years related office experience.

• Basic knowledge of or willingness to learn securities clearing and settlement functions, financial products, and general accounting principles (debits and credits).

• Strong organizational skills and attention to detail

• Proficiency in digital literacy includes Microsoft Outlook, Word, and Excel

• Ability to follow department policies and procedures; maintain client confidentiality.

• Good communication skills, verbal and written.

• Demonstrated ability to work independently and complete assigned tasks and projects.

• Communicate in a clear and service-oriented manner; use appropriate, professional language to optimally exchange ideas and information.

• Ability to maintain regular, predictable attendance.

• Process daily delivering and receiving trade settlements for institutional and retail accounts.

• Reconcile security positions and money transactions for all exchanges to ensure accurate posting of securities transactions for settlement.

• Maintain collateral with financial institutions as needed to ensure the proper levels are met to facilitate settlement of trades.

• Compile the preliminary and final settlement figures daily.

• Work in partnership with front office sales and trading in managing settlement fails; instituting process changes to improve efficiency and productivity.

• Process stock/loan borrow transactions.

• Review trade and settlement reports to ensure accurate information.

• Maintain policy and procedure manuals for department.

• Provide Operational Support to the Municipal Bond Underwriting department

• Physical inventory count of financial securities

• Perform other duties as assigned.

• Competitive salary plus excellent benefits and perks including, but not limited to:

• Company 401(k)and ESOP contribution

• Generous sick, vacation, and maternity/parental leave

• Paid holidays

• Professional Development Opportunities

• Discounted personal insurance including home, auto and recreational vehicles

• Charitable gift-matching program

• Davidson Day of Giving – Our tradition of positively impacting communities in which we live and work.  

D.A. Davidson has been in business for over 90 years! As an employee-owned company, our success is driven by our high standards of business ethics, integrity and the belief that our Associates are our most important assets. We hope you will consider joining us! 

At D.A. Davidson, we are committed to fostering a diverse environment that supports the development and inclusivity of all employees.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Please answer all questions carefully.  By submitting this application for employment, I certify that all of the above information is true and complete and I understand that any falsification or omission of information made by me may disqualify me from further consideration for employment or, if hired, may result in my termination of my employment at any time during the period of my employment, regardless of the amount of time that has passed. California applicants, please see D.A. Davidson’s California Resident Privacy Policy.