Director, Securities Lending Trader
DriveWealth
New York, New York
Full-Time
$90,000
HybridDirector
DriveWealth is a global B2B financial technology organization dedicated to democratizing access to financial independence around the world. Our mission is realized through an API-based platform, empowering our partners to offer seamless investing and trading experiences to clients worldwide, all from their mobile devices.
Our technology provides partners with a modern, extensible toolkit, enabling traditional investment workflows and innovative techniques like fractional share ownership. DriveWealth has evolved into a global platform offering trading of US equities, mutual funds, ETFs, fixed income, and options.
We seek enthusiastic professionals to contribute diverse perspectives and experiences to our Brokerage-as-a-Service platform. Our culture blends the pace and opportunity of a tech start-up with the impact, stability, and significance of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. We value diversity and inclusion, celebrating the unique differences of our employees as we scale and grow together. Were guided by operating principles grounded in accountability, teamwork, integrity, and solutions built to scale. Join us!
We are seeking a highly skilled Director, Securities Lending Trader to help drive the growth, efficiency, and risk management of our securities lending program across our retail brokerage platform. In this role, you will serve as a senior contributor and operational leader, responsible for key elements of the lending lifecycleinventory management, rate optimization, operations oversight, and strategic execution. This is a high impact position for a professional who thrives in a fast-paced environment, balancing daily market dynamics with operational excellence and strong cross-functional collaboration.
Program Execution & Inventory Management
Manage day-to-day securities lending activities, including rate setting, supply/demand calibration, and inventory optimization
Oversee loan allocation processes and support the desk in maximizing utilization and revenue generation
Provide insights into market conditions, borrower demand, short interest, and rate trends
Counterparty & Market Management
Maintain working relationships with agent lenders, borrowers, and clearing partners
Support the desk in pricing negotiations, strategic counterparty discussions, and rate improvement initiatives
Monitor collateral levels, recalls, fails, and corporate action impacts
Operational Oversight
Lead process improvements, automation initiatives, and cross-team coordination with Operations, Product, Engineering, and Data
Ensure accurate settlement, recall processing, and exception resolution
Partner with Finance and Reporting teams to validate daily revenue and reconcile inventory or rate discrepancies
Risk, Governance & Compliance
Implement and monitor risk controls related to collateral, counterparty exposure, settlement risk, and inventory concentration
Ensure activities align with regulatory requirements including SEC/FINRA rules (e.g., Reg SHO, Rule 15c3-3)
Contribute to internal policy development, audit reviews, and regulatory examinations
Strategic & Cross-Functional Collaboration
Provide data-driven insights, revenue forecasts, and performance analysis to the Head of Desk
Work closely with Product and Engineering teams to refine tools, dashboards, and automated workflows
Educate internal stakeholders on securities lending mechanics, customer impacts, and risk considerations
Applicants must be authorized to work for any employer in the U.S. DriveWealth is unable to sponsor or take over sponsorship of an employment Visa at this time.
Compensation
Compensation package offerings are based on candidate experience and technical qualifications, as it relates to the role. These are identified and determined throughout your interviewing experience.
Please note: this role is expected to come into our office on a cadence set by the Hiring Manager/Team.
Benefit offerings vary based on country and are subject to change.
To build technology and products that are used and loved by people and solve real-world problems, we need to build a team with many different perspectives and experiences. We are an equal opportunity employer. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We encourage candidates from all backgrounds to apply. Applicants in need of special assistance or accommodation during the interview process or in accessing our website may contact us at recruiting@drivewealth.com.
DriveWealth does not accept agency resumes. Please do not forward resumes to our jobs alias, employees, or any other organization location. DriveWealth is not responsible for any fees related to unsolicited resumes.