Director, Securities Lending Trader
DriveWealth, New York, NY, United States
Director, Securities Lending Trader
DriveWealth is on a mission to make investing easier. We believe that everyone should have the ability to control their financial future, and that access to financial markets should not be limited by geography, wealth, or legacy systems. We are 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. There's never been a better time to build a category-defining business and there has rarely been a team better positioned for this opportunity. Our culture blends the pace and agility of a fintech start-up with the impact, stability, and discipline of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. Join us and help build the future of global investing! About The Role:
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. What You'll Do:
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 What You'll Need:
7-10+ years of experience in securities lending, securities finance, or prime brokerage Series 99 and Series 7 Strong understanding and deep relationships in the hard-to-borrow securities lending market Strong understanding of U.S. securities lending regulations, short-selling mechanics, and customer protection rules Familiarity with fully paid lending programs and customer disclosure requirements Demonstrated ability to manage complex lending processes and optimize revenue or utilization Excellent analytical, communication, and problem-solving skills Experience coordinating across operational, technical, and market-facing teams A hands-on, detail-oriented approach and the ability to operate effectively on the team while owning critical components of daily operations A strong understanding of both the strategic and operational levers of securities lending A team-oriented mindset and a desire to help scale a world-class retail-focused securities lending program Nice To Have, But Not Required: Series 24 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. New York, NY (Hybrid) Pay Range $200,000 - $225,000 USD
DriveWealth is on a mission to make investing easier. We believe that everyone should have the ability to control their financial future, and that access to financial markets should not be limited by geography, wealth, or legacy systems. We are 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. There's never been a better time to build a category-defining business and there has rarely been a team better positioned for this opportunity. Our culture blends the pace and agility of a fintech start-up with the impact, stability, and discipline of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. Join us and help build the future of global investing! About The Role:
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. What You'll Do:
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 What You'll Need:
7-10+ years of experience in securities lending, securities finance, or prime brokerage Series 99 and Series 7 Strong understanding and deep relationships in the hard-to-borrow securities lending market Strong understanding of U.S. securities lending regulations, short-selling mechanics, and customer protection rules Familiarity with fully paid lending programs and customer disclosure requirements Demonstrated ability to manage complex lending processes and optimize revenue or utilization Excellent analytical, communication, and problem-solving skills Experience coordinating across operational, technical, and market-facing teams A hands-on, detail-oriented approach and the ability to operate effectively on the team while owning critical components of daily operations A strong understanding of both the strategic and operational levers of securities lending A team-oriented mindset and a desire to help scale a world-class retail-focused securities lending program Nice To Have, But Not Required: Series 24 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. New York, NY (Hybrid) Pay Range $200,000 - $225,000 USD