Head of Custody and Clearing Job at TWELVE10, Austin, TX

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  • TWELVE10
  • Austin, TX

Job Description

Job Description

Head of Custody and Clearing

Location: Austin, TX

Full-time | Regulated Banking | Core Operations Role

This is your opportunity to step into a foundational U.S. role for the most established Cayman Islands bank serving private equity and alternative asset clients globally. With its first U.S. national bank now live and based in Austin, this hire will lead the U.S. buildout of securities operations, owning the clearing and custody processes from day one.

We’ve already placed the CFO, COO, Chief Compliance Officer, Chief Risk Officer, and the broader operations and risk teams. This role is the next critical layer. You’ll report into the COO and take full ownership of how securities are settled, recorded, and safeguarded across both listed and private investments.

The U.S. entity is OCC-approved, AML/KYC compliant, and already onboarding institutional clients. The clearing and custody function is operational—but early. You’re not inheriting someone else’s mess. You’re building it properly.

Why This Role Stands Out

This isn’t legacy banking. It’s institutional custody and clearing infrastructure built for the private capital markets. Clients onboarding here typically bring $50 million or more in assets. You’ll be handling real scale, across real accounts, with direct visibility into global activity.

You’ll work with the COO and interface with counterparts in Cayman, Luxembourg, and Ireland as part of a global platform. You’ll also collaborate with legal, risk, and compliance as new securities products and client types come online.

This is a hands-on, high-trust role where your decisions shape how the U.S. platform operates.

This Role Is Not for Everyone

This is not a compliance or BSA/AML role. It’s also not a legacy back office function buried in layers of approvals. We’re looking for someone who has built or scaled operational processes around clearing, custody, and trade settlement—and who understands the standards expected by institutional clients.

If you’re coming out of a custodian, a clearing firm, or a prime broker—this will feel familiar. If you’ve only ever sat in compliance or finance, it won’t.

You might be a:

  • Securities Operations Manager at a custodian or BD
  • Middle Office Trade Support Lead at a prime broker
  • Clearing and Settlements Analyst with experience in institutional accounts
  • Ops specialist who has touched both listed and private securities

If that sounds like you, this is your chance to shape how clearing and custody works inside a live, regulated U.S. bank—before it scales.

What You’ll Do

  • Oversee clearing and custody processes for listed and private securities
  • Manage trade settlements, asset flows, and reconciliation
  • Set up scalable systems for asset safekeeping and recordkeeping
  • Collaborate with the COO and global counterparts on infrastructure design
  • Build operational readiness for new product types and client profiles
  • Liaise with internal teams on operational risk and control measures

What You’ll Bring

  • Experience in securities operations, clearing, or custody
  • Familiarity with listed and private security workflows
  • Comfort working with institutional clients and large asset volumes
  • Confidence managing middle or back office infrastructure in a regulated setting
  • Based in or willing to be based in Austin (hybrid flexibility available)

About Twelve10

Twelve10 was retained to build the U.S. team for this Cayman-based banking group. Every leadership hire to date has come through us.

The entity is live, regulated, and operational.

This operations hire is the next piece of the puzzle.

Job Tags

Full time, Work at office,

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