Associate - Compliance Restricted Securities Advisory

About Clear Street:

Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets. 

We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market. Our platform is fully integrated with central clearing houses and exchanges to support billions in trading volume per day. We’ve agonized about our data model abstractions, created horizontal scalability, and crafted thoughtful APIs. All so we can provide a best-in-class experience for our clients. 

By combining highly-skilled product and engineering talent with seasoned finance professionals, we’re building the essentials to compete in today’s fast-paced markets.

The Role:  

We are seeking a detail-oriented and knowledgeable Compliance Associate to join our team at Clear Street. This role will support the processing, review, and clearance of restricted securities transactions in compliance with SEC Rule 144, Rule 145, and other applicable regulations. The ideal candidate will work closely with clients, legal counsel, compliance teams, and internal departments to ensure the accurate and timely handling of restricted stock transactions.

Responsibilities 

• Review and process restricted stock transactions, ensuring compliance with SEC regulations, FINRA rules, and internal policies.
• Analyze and verify legal opinions, legend removal requests, and transaction documentation related to Rule 144 and other exemptions.
• Communicate with issuers, transfer agents, legal counsel, and clients to facilitate the clearance and sale of restricted securities.
• Identify and escalate red flags to the AML Department.
• Maintain accurate records and documentation of restricted stock transactions for regulatory and audit purposes.
• Stay updated on SEC and FINRA rules regarding restricted stock to ensure adherence to the latest compliance requirements.
• Assist in the development and refinement of procedures for restricted stock processing.
• Coordinate with compliance, legal, and risk management teams to address regulatory concerns and mitigate risks.
• Provide guidance to clients on the requirements and processes for selling restricted securities.
• Investigate and resolve any discrepancies or issues related to restricted stock transactions.
• Participate in audits and regulatory examinations as needed.

Experience and Skills:

• Bachelor’s Degree or equivalent.  
• At least three (3) years of experience with a financial services firm, regulator, audit firm or commensurate experience in a compliance function such as trade surveillance, compliance advisory or specifically working with restricted securities.
• Strong knowledge of SEC Rule 144, Rule 145, and other regulatory frameworks governing restricted securities.
• Comfortable in a fast-paced environment with tight response deadlines
• Ability to manage multiple tasks in a fast-paced environment while ensuring accuracy and compliance.
• Strong communication and interpersonal skills to interact with internal stakeholders and clients.
• Self-starter and team player

We Offer:
The Base Salary Range is $100,000 - $120,000. These ranges are representative of the starting base salaries for this role at Clear Street. Which range a candidate fits into and where a candidate falls in the range will be based on job related factors such as relevant experience, skills, and location. These ranges represent Base Salary only, which is just one element of Clear Street's total compensation. The ranges stated do not include other factors of total compensation such as bonuses or equity.

At Clear Street, we offer competitive compensation packages, company equity, 401k matching, gender neutral parental leave, and full medical, dental and vision insurance. Our belief has always been that we are better as a business when we are all together in person. As such, beginning on January 2, 2023, we are requiring employees to be in the office 4 days per week. In-office benefits include lunch stipends, fully stocked kitchens, happy hours, a great location, and amazing views.

Our top priority is our people. We’re continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse — in ideas, in cultures, and in experiences. We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer.

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