Associate Director, Risk & Margin

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. Clear Street's proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimizing risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency.

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.

Overview

Clear Street, LLC is seeking an experienced and highly motivated Associate Director to join our Risk/ Margin team. This critical role involves overseeing daily margin activities, ensuring strict compliance with both regulatory mandates and internal house requirements, and developing strategic initiatives to enhance team performance and support business expansion. The successful candidate must possess deep expertise across several key areas: financial instruments, collateral management, relevant regulatory frameworks (including Federal Reserve - Regulation T, FINRA 4210, CFTC, and SEC 18a-3), and the end-to-end front-to-back office processes related to trading and clearing.

Key Responsibilities

Margin and Collateral Management

• Manage the daily calculation, issuance, and settlement of margin calls.
• Ensure the accurate and timely management of collateral, including eligibility assessments, optimization, and allocation.
• Serve as a subject matter expert for margin methodologies, requirements, and internal firm house policy.
• Spearhead efficiency and improvements within the collateral management infrastructure and operational workflows.

Regulatory Compliance and Reporting

• Maintain a current understanding of evolving global financial regulations impacting risk and margin
• Ensure departmental adherence to all relevant internal policies, external regulations, and audit requirements.
• Manage the preparation and submission of internal and external regulatory reports related to risk, capital, and collateral.
• Serve as a key contact for regulatory examinations and internal audits related to risk controls and margin processes.

Leadership and Strategy

• Contribute to the strategic development and implementation of the firm's overall risk framework and technology roadmap.
• Partner with Technology, Operations, Legal, and Front Office teams to execute new product launches and process enhancements.
• Identify and implement automation opportunities to streamline risk and margin processes, reducing operational risk.

Qualifications

Essential

• Bachelor's degree in Finance, Economics, Quantitative Methods, or a related field.
• 7+ years of experience in margin management , risk management, collateral operations, or a quantitative finance role within a major financial institution (e.g., investment bank, clearing house, asset manager).

Desirable

• Experience with risk management systems or collateral management platforms.
• Proficiency in data analysis tools and programming languages (e.g., SQL, Python, R).
• Excellent communication skills, both written and verbal, with the ability to articulate complex risk issues to senior management and diverse stakeholders.
• Proven expertise in risk metrics (VaR, stress testing, PFE) and margin methodologies (SIMM, SPAN, etc.).
• Strong knowledge of global derivatives markets, secured financing transactions

We Offer: 

The Base Salary Range for this role is $125,000-170,000. This range is representative of the starting base salaries for this role at Clear Street. Where a candidate falls in this range will be based on job related factors such as relevant experience, skills, and location. This range represents Base Salary only, which is just one element of Clear Street's total compensation. The range stated does 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, 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.