Role: Locate Manager

Location: New York, NY

Employment Type: Full-Time

Base Salary: $100,000 – $125,000 USD plus discretionary bonus

About RQD*

RQD* is a next-generation correspondent clearing firm built to support the most innovative FinTechs, Retail and Institutional Broker-Dealers, RIAs, and Foreign Brokers. We combine state-of-the-art technology with deep industry expertise to deliver seamless clearing and custody solutions in today’s rapidly evolving financial landscape. Headquartered in New York, RQD* is rapidly growing to meet the needs of the financial services industry by empowering its clients with a 100% cloud-based back office system creating efficiencies and scale outside the traditional back office services.

If you are looking to join a fast-growing organization with a culture of growth and entrepreneurial spirit, we would love for you to join our team.

About the Role

We are seeking a Locate Manager to join our Securities Lending team and manage the day-to-day operations of RQD’s locate business. This role is central to our stock loan franchise, responsible for processing and fulfilling locate requests for hard-to-borrow securities, managing inventory, and ensuring compliance with Reg SHO 203 and 204 requirements.

The ideal candidate will have hands-on experience in the locate or securities lending space and a strong understanding of short selling mechanics and regulatory requirements. This individual will work closely with the Head of Securities Lending as well as operations, risk, and compliance teams to optimize locate fulfillment, build out counterparty relationships, and contribute to the growth of RQD’s securities finance platform.

Key Responsibilities

• Manage incoming locate requests from clients and internal desks, determining availability and pricing for hard-to-borrow securities in a timely and accurate manner.
• Monitor firm and street inventory to maximize utilization, identify sourcing opportunities, and minimize borrowing costs.
• Build and maintain relationships with external locate providers and counterparties to expand RQD’s sourcing network and improve fill rates.
• Ensure all locate activity is compliant with Reg SHO 203 and Reg SHO 204, maintaining accurate records and audit trails.
• Analyze locate demand patterns, borrow rates, and market supply/demand dynamics to identify revenue opportunities and improve pricing strategies.
• Assist in the development and enhancement of locate workflows, reporting, and technology tools to drive operational efficiency.

Qualifications

• Bachelor’s degree in Finance, Economics, or related field.
• 2–4 years of experience in securities lending, equity finance, locate operations, or prime brokerage.
• Strong understanding of Reg SHO (203 and 204), short selling mechanics, and hard-to-borrow markets.
• Familiarity with Loanet, LendingPit, and Bloomberg; experience with Anetics or other locate/trading platforms a plus.
• Series 7 license preferred; required within 6 months of hire if not currently held.
• Excellent attention to detail with the ability to process high volumes of requests with accuracy and speed.
• Strong communication skills and ability to interact effectively with counterparties and internal stakeholders.
• Ability to thrive in a fast-paced, high-volume environment with an entrepreneurial mindset.

Head of Digital Assets

Location: New York, NY (Hybrid)

Compensation: $150,000 – $200,000 base + discretionary bonus

Type: Full-Time

About Us

RQD* Clearing is a next-generation correspondent clearing firm built to support the most innovative FinTechs, Retail and Institutional Broker-Dealers, RIAs, and Foreign Brokers. Headquartered in New York and built entirely on cloud-native, real-time technology, RQD delivers seamless clearing, custody, and execution solutions in today's rapidly evolving financial landscape. We are a fast-growing firm with an entrepreneurial culture, deep expertise, and an unwavering commitment to improving markets for all participants.

As we continue to expand our capabilities into digital assets and tokenized securities, we are seeking a visionary Head of Digital Assets to help define and execute RQD's strategy across the full digital asset spectrum — from infrastructure and compliance to client strategy and product development.

The Opportunity

This is a unique opportunity for a seasoned digital asset professional to step into a leadership role at a rapidly scaling clearing firm at the intersection of traditional finance and digital assets. You will work directly with RQD's senior management team to lead the vision, strategy, and day-to-day execution of our digital asset initiatives. You will be the firm's subject matter expert across the full digital asset landscape — bringing your depth of knowledge to bear on smart contracts, stablecoin infrastructure, tokenization, and regulatory compliance.

This is not a supporting role — it is a seat at the table. You will shape how RQD enters and grows in the digital asset space.

Key Responsibilities

• Partner with senior management to define and execute RQD’s digital asset strategy, roadmap, and market positioning
• Lead the evaluation, design, and integration of digital asset capabilities across RQD’s clearing and custody platform
• Oversee smart contract analysis, blockchain infrastructure considerations, and tokenized asset settlement workflows
• Develop and maintain the firm’s digital asset compliance framework, including AML/KYC, regulatory reporting, and evolving SEC/CFTC guidance
• Serve as the internal expert on stablecoins, tokenized securities, DeFi protocols, and digital asset market structure
• Work cross-functionally with Operations, Technology, Compliance, and Sales teams to embed digital asset capabilities into the firm’s broader service offerings
• Monitor regulatory developments at federal and state levels and assess their impact on the firm’s digital asset strategy
• Evaluate and manage relationships with digital asset custodians, exchanges, technology vendors, and other third-party partners
• Support business development efforts by educating prospective clients on RQD’s digital asset capabilities and acting as a subject matter expert in client conversations
• Produce clear, concise internal and external communications — white papers, briefings, and regulatory filings as needed

Qualifications

• 5+ years of hands-on experience in digital assets, cryptocurrency, or blockchain technology in a professional capacity
• Deep understanding of smart contracts (Solidity or similar), blockchain protocols, and Layer 1/Layer 2 infrastructure
• Strong working knowledge of stablecoin mechanics, tokenized assets, and DeFi ecosystems
• Experience with on-chain compliance tooling (Chainalysis, Elliptic, TRM Labs, or similar)
• Familiarity with digital asset regulatory frameworks: FinCEN, OFAC, state money transmission laws, SEC/CFTC digital asset guidance, and travel rule compliance
• Demonstrated ability to translate complex technical concepts into business strategy and client-facing materials
• Experience collaborating with legal, compliance, and operations teams in a regulated financial environment
• Exceptional analytical, written, and verbal communication skills
• Self-starter mentality — comfortable operating in a fast-paced, entrepreneurial environment with a small, high-performing team
• Prior experience at or with a broker-dealer, clearing firm, custody provider, or financial market infrastructure a plus

Compensation & Benefits

• Base Salary: $150,000 – $200,000 (commensurate with experience)
• Discretionary annual bonus – Based on individual and company performance
• Comprehensive health, dental, and vision coverage
• Flexible, hybrid work environment headquartered in New York, NY
• Direct access to senior leadership and meaningful input on firm strategy from day one

Overview

RQD* Clearing is looking for a Staff Accountant to join its team and play a key role in the financial reporting. As a small, hardworking team, we pride ourselves on our entrepreneurial culture and cross team collaboration. This role offers accelerated exposure to regulatory accounting and broker-dealer operations that would typically take years to access at a larger firm

Responsibilities

Please note that this role requires you to assist with entities outside of the US Clearing Broker- Dealer holding structure. The other entities include a Hong Kong Broker-Dealer and its Holding company.

• Support the lifecycle of invoice processing for all entities which include upload into accounts payable invoice-to-pay software, coordinating invoice approvals across teams, posting to the general ledger, and handling requests for payment.
• Support preparation of net capital computation and daily Net Liquidity Value reporting for US Clearing Broker-dealer and Hong Kong Broker-Dealer.
• Support monthly closing process from beginning to end.
• Maintain the fixed asset ledger and run monthly depreciation and amortization reports.
• Maintain the prepaid expense ledger and run monthly amortization reports
• Maintain and reconcile accounts receivable and accounts payable sub-ledgers
• Assist and learn the weekly preparation of the 15c3-3 Reserve Calculation clearing business.
• Assist with responses to requests from outside regulators.
• Assist in preparation of budgets and projections for senior management team.
• Support the annual external audit of financial statements, including preparation of audit schedules and responses to auditor questions and requests.
• Assist in preparation of regulatory reports (FOCUS, SIPC, etc.) for US Clearing Broker-Dealer in an efficient, accurate, and timely manner.

Qualifications 

• BA/BS in Accounting/Finance, CPA preferred
• 1-3 years professional accounting experience public/private
• Willing to obtain Series 27 during the first year of employment.
• Previous exposure to the financial services industry, knowledge in clearing broker dealers a plus
• Knowledge of general ledger, accounts reconciliation, account analysis, and financial statement preparation
• Knowledge of SEA Net Capital Rule 15c3-1 and Customer Protection 15c3-3 a plus
• Solid analytical, technical, and problem-solving skills
• Great interpersonal skills and excellent communication skills (written and verbal)
• Highly organized with strong attention to detail and ability to multitask efficiently and effectively

Junior Margin/Risk Analyst

Experience: 3-5 Years 
Location: [New York / Remote] 
Reporting To: Chief Risk Officer

Overview:

We are seeking a Junior Margin/Risk Analyst to join our team and play a key role in monitoring client risk exposure and processing margin requirements. The ideal candidate will bring 3-5 years of experience in risk review and margin processing within the securities industry. This position offers the opportunity to work closely with our operations and settlement teams while developing expertise in regulatory compliance and risk management for our clearing firm.

Key Responsibilities:

• Perform daily risk monitoring, including real-time analysis through trading hours.
• Monitor client positions and account activity to identify potential risk exposures and margin deficiencies.
• Analyze and handle margin calls, calculating and verifying requirements while coordinating with clients and internal teams for timely resolution.
• Ensure compliance with applicable margin rules and regulations, including Regulation T and exchange requirements.
• Conduct regulatory compliance reviews and reporting.
• Assist with quantitative risk assessments for ad hoc projects and client onboarding.
• Handle exception management and escalation.
• Collaborate with operations and settlement teams to support trade processing, account maintenance, and clearing firm activities.
• Maintain accurate documentation and reporting of margin activity and risk metrics.

Qualifications:

• Bachelor's degree in Finance, Business, Accounting, or related field.
• 3-5 years of experience in margin processing, risk review, or related operations within the securities industry. Clearing industry experience a plus.
• Series 7 license required (or willingness to obtain upon hire).
• Strong knowledge of margin rules and regulations; knowledge of Regulation T (Rule 4210) and Portfolio Margin a plus.
• Knowledge of options theory and options greek risk measurements.
• Excellent analytical skills with strong attention to detail; familiarity with Excel, VBA, SQL a plus.
• Exceptional communication and interpersonal skills.
• Ability to thrive in a real-time, high-pressure environment and manage multiple priorities.

Salary Range: $75,000 - $125,000 USD

Overview: 

We are seeking a Securities Lending Trader who will be responsible for expanding our client network and managing matched-book activity across our platform. The ideal candidate will bring an established network of counterparty relationships and demonstrate a proven track record of originating new business within the securities lending space. The role involves diversified responsibilities across the stock loan business in coordination with operations and risk teams to optimize profitability through competitive pricing and balance sheet efficiency.

Key Responsibilities:

• Develop and manage new client relationships to expand RQD's stock loan counterparty network and revenue base.
• Implement and manage matched-book framework, pairing loans and borrows to optimize profitability and balance sheet efficiency.
• Manage locate requests for hard-to-borrow securities, determining availability and pricing for clients and internal desks.
• Set and negotiate lending and borrowing rates with counterparties, managing spreads, collateral, and financing costs.
• Monitor firm and street inventory to maximize utilization, identify trading opportunities, and optimize revenue from intrinsic value and reinvestment spreads.
• Coordinate with operations, risk management, and compliance to ensure timely settlements, accurate mark-to-market processes, and adherence to regulatory requirements (SEC, FINRA, Reg SHO 203, Reg SHO 204).
• Support recall management and corporate action processing to minimize risk and maintain operational efficiency.

Qualifications:

• Bachelor's degree in Finance, Economics, or related field; MBA or CFA a plus.
• Series 7 license required.
• 5–10 years of experience in securities lending, equity finance, or prime brokerage with proven client-facing and business development success.
• Established network of counterparty relationships within the securities lending marketplace.
• Strong understanding of securities finance markets, collateral management, FPL programs, and short selling mechanics.
• Knowledge of Loanet, LendingPit, and Bloomberg required; Anetics and other trading platforms a plus.
• Excellent analytical, communication, and negotiation skills.
• Ability to thrive in a fast-paced, high-volume environment.