Director, Securities Lending Trader

New York , United States

TLDR

Drive efficiency and risk management for the securities lending program, driving operational excellence while collaborating across teams in a fast-paced environment.

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:

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 lifecycle—inventory 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

Working at DriveWealth

We do our best work when we’re in the same room. To maintain the speed our partners expect, our New York and Chicago teams work in-office 4 days a week. We’ve found that being physically side-by-side is the only way to solve complex problems in real-time and stay truly accountable to the products we ship. When you’re here, you’re working directly with the people making the decisions. To support that work, we provide competitive compensation, equity, and a 401(k) match. We also offer full insurance coverage, a wellness reimbursement, a company-provided phone, and a personal development allowance. Finally, we value the time you spend away from the office with generous PTO, observed holidays, and extended leave.

How We Think About AI

We leverage AI to work smarter and move faster. We seek AI curious talent who are proactive about using emerging tools to increase signal quality, reduce friction and improve outcomes to deliver product faster, provide better service to our partners, and to streamline processes. Your ability to leverage our internal tools and technology to drive results is as important to us as your core domain expertise.

Compensation

Pay is generally based upon the level, complexity, responsibility, location and job duties / requirements of the specific position. We then source candidates with the requisite skills, expertise, education, training, and experience.  If you are selected for an interview, please feel welcome to speak to a recruiter about our compensation philosophy and other available benefits. This role is eligible for base, bonus, equity, 401(k) match, and heavily subsidized benefits and perks.

Equal Employment Opportunity

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 [email protected].

Agency Disclaimer

DriveWealth does not accept agency resumes. 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.

DriveWealth builds an API-based platform that makes investing accessible to everyone, regardless of their financial background. Its services cater to businesses looking to offer their customers easy access to financial markets and promote financial independence. What sets DriveWealth apart is its commitment to democratizing investment opportunities on a global scale.

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Salary
$200,000 – $225,000 per year
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