Associate, Clearing

Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams. We have a 25+ year track record of innovation and a reputation for discovering unique market opportunities.

Tower is home to some of the world's best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization.

Engineers thrive at Tower while developing electronic trading infrastructure at a world class level. Our engineers solve challenging problems in the realms of low-latency programming, FPGA technology, hardware acceleration and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability and performance.

At Tower, every employee plays a role in our success. Our Business Support teams are essential to building and maintaining the platform that powers everything we do — combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services. Our Business Support teams enable our trading and engineering teams to perform at their best.

At Tower, employees will find a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential.

Responsibilities:

• Trading and process monitoring, as well as PNL reporting; ad-hoc exception handling and query management
• Affirmation of trades, minimizing operational risk and maximizing straight through processing
• Reconciling of position, trades, cash, NAV, and fees
• Supporting clearing and settlement processes across multiple asset classes: Equity, Fixed Income, Derivatives, FX, and Commodities
• Investigating breaks raised by trading desks, other departments, and counterparties
• Assisting in automation efforts and process improvements
• Liaising with Prime Brokers and service vendors for troubleshooting and improvements
• Owning and resolving specific inquiries and ensure timely resolution
• Participating in local & global operations, audit, and valuation projects

Qualifications:

• A degree in Finance, Economics, Computer Science, or other related fields
• Mastery of financial concepts with direct experience working with global markets
• 1 to 5 years of experience in trade support or post trade operations at a Brokerage, Asset Manager, Investment Bank, or Proprietary Trading Firm
• DevOps experience is beneficial
• Aptitude and desire to learn new things and quickly adapt
• Great analytical and communication skills
• High level MS Excel knowledge is a must: Comfortable with Look-ups, Pivot Tables, and Conditional Statements
• Interest in post trade infrastructure
• Ability to work with large scale data reconciliations is a must
• Python or SQL experience a plus
• A master's in finance or a CFA/Certification in Finance would be an added advantage

Benefits:
Tower's headquarters are in the historic Equitable Building, right in the heart of NYC's Financial District and our impact is global, with over a dozen offices around the world.

At Tower, we believe work should be both challenging and enjoyable. That is why we foster a culture where smart, driven people thrive – without the egos. Our open concept workplace, casual dress code, and well-stocked kitchens reflect the value we place on a friendly, collaborative environment where everyone is respected, and great ideas win.

Our benefits include:

• Generous paid time off policies
• Savings plans and other financial wellness tools available in each region
• Hybrid working opportunities
• Free breakfast, lunch and snacks daily
• In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more)
• Volunteer opportunities and charitable giving
• Social events, happy hours, treats and celebrations throughout the year
• Workshops and continuous learning opportunities

At Tower, you'll find a collaborative and welcoming culture, a diverse team and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. Just great people doing great work – together.

Tower Research Capital is an equal opportunity employer.