Options Lead

About Us

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

The Options Lead oversees the post trade processing of Options and plays a vital role in the end-to-end option lifecycle for OCC-specific products. In this role, you will be directly responsible for working with the responsible party to handle Settlements, Purchase & Sales, OCC position reconciliation, assignment & exercise processing, corporate actions processing, ACAT’s, regulatory reporting, and expiration day risk management.

What You’ll Do

• Manage the complete post-trade lifecycle for exchange listed options—clearing, reconciliation, and settlement—using OCC’s ENCORE platform, or that of the responsible OCC clearing member.
• Process daily activity, including trades, exercises/assignments, expiration events, and position reconciliations.
• Monitor and resolve trade breaks, unmatched activity, and clearing discrepancies in coordination with counterparties and clearing firms.
• Confirm that corporate actions, accelerated options, cash-in-lieu processing, and corporate events are processed promptly.
• Monitor OCC notices, market events, and rule changes, and ensure relevant impacts are assessed and addressed operationally.
• Collaborate with operations, technology, and compliance teams to maintain and improve straight-through processing and exception handling.
• Drive requirements gathering and process improvement efforts, collaborating with clients, SMEs, third-party vendors, and internal product teams.
• Prioritize features and enhancements using MoSCoW principles to align with business goals and development capacity.
• Work closely with development teams to validate solution designs and define implementation plans.
• Collaborate with QA teams to establish clear and measurable user acceptance criteria.
• Support during implementation and deployment of Trade Capture and P&S enhancements.
• Monitor industry developments impacting trade capture and back-office flows

What You Bring

• 10+ years experience working with OCC Encore in a clearing capacity as well as fintech operational product experience/knowledge.
• Experience with one or more industry platforms such as Broadridge BPS, BetaNxt, Phase3 or InteliClear.
• Solid understanding of US Options retail, correspondent clearing, and institutional trade flows (bonus: equities, fixed income, mutual funds).
• Knowledge of Options Clearing Corporation (OCC) flows in trade processing and clearing.
• Familiarity with OCC file types and processing cycles (e.g., E&A files, CMR, position files).
• Exposure to regulatory reporting (e.g., FOCUS reports, segregation reporting) as it relates to options clearing.
• Familiarity with both fully disclosed and omnibus account structures.
• Possess a FINRA S7,S4
• Exceptional communication, collaboration, analytical and problem-solving abilities
• Team-oriented with the ability to build effective, internal and external relationships.

Nice to Have but Not Required

• SQL or data analytics skills for building reports and supporting exception analysis.
• Working knowledge of Scaled Agile Framework (SAFe) methodologies.
• Hands-on technical proficiency in SQL, REST API integrations, etc.

Applicants must be authorized to work for any employer in the U.S. DriveWealth is unable to sponsor an employment Visa at this time.

Compensation