Risk Manager, Clear Street
Modern infrastructure for capital markets
Be an early applicant
Modern infrastructure for capital markets
501-1000 employees
Be an early applicant
501-1000 employees
Company mission
To rebuild the infrastructure that supports the capital markets, bringing them into the future.
Role
Who you are
- Minimum 10 years of experience in an operational risk management role within the financial services industry
- Degree in Risk Management, Business, Finance, Law, Mathematics or a related field advantageous
- Strong understanding of NL, EU and international legislation, regulation and best practice
- Experience with conducting investigations and interacting with regulators and law enforcement agencies
- Experience with data analysis and reporting, including developing internal exception reports and using Excel pivot tables and v-lookups
- Understanding of institutional and retail client dynamics and their respective risk exposures
- Excellent analytical, problem-solving, and decision-making skills
- Strong written and verbal communication skills
- Confidence to deal with colleagues at all levels of the organisation and get buy-in where required to enhance processes and procedures
- Fluent in English
- Management of second-line outsourcing and/or third-party risk
- Proficient in risk management systems, Excel, and GRC tools
What the job involves
- The Risk Manager’s primary responsibility is to manage CSE’s operational risks, including second line risk management oversight of the requirements as set within DORA within the appetite set by the Board and to improve and report on the effectiveness of the risk framework, policies, and procedures to both Executive Management and the Board
- As Risk Manager, you will be responsible for designing and implementing our operational risk management framework
- Your focus will include key second-line responsibilities related to outsourcing risk governance, support for financial risk oversight third-party/vendor oversight, and compliance with DORA, ensuring robust controls
- This is a second-line role, responsible for maintaining and enhancing the firm’s operational risk management capabilities across its business and support functions
- The successful candidate will also be a key point of contact for aligning risk practices and information sharing with our UK-based sister company
- This is an excellent opportunity for those wanting to contribute within a fast-paced financial technology environment
- The right candidate will have the opportunity to make a big impact through building and shaping the development of Clear Street Europe
- Design, implement, and maintain the Operational and ICT Risk Management Framework, including the outsourcing and third-party risk management framework
- Identify and assess operational risks across departments including trading, IT, compliance, and client services
- Monitoring changes to laws and regulations relevant to the second line risk function
- Conduct regular risk assessments, control testing, and scenario analysis
- Develop and maintain the risk register, key risk indicators (KRIs), and incident reporting processes
- Work closely with business units to remediate risk exposures and strengthen internal controls
- Assist with regulatory examinations and audits
- Promote a risk-aware culture through training and communication
- Prepare risk reports for senior management, the Management Committee, and regulators
- Work closely with Finance and the outsourced Risk team to provide second-line oversight of liquidity risk, and counterparty credit risk
- Oversee outsourced financial risk considerations are integrated into the wider enterprise risk framework
- Serve as the primary risk liaison between the Dutch office, the UK-based sister company and the US headquarters
- Evaluate outsourcing proposals and ensure compliance with legal and regulatory outsourcing requirements (e.g. ESMA Guidelines, Wft)
- Support the implementation of DORA requirements in collaboration with IT, Compliance, and Information Security
- Ensure operational risk controls align with DORA’s expectations on risk management, incident reporting, and digital resilience testing
- Contribute the local firm's local response strategy for major (ICT-related) incidents and ensure lessons learned are embedded
Our take
Clear Street is building up-to-date, cloud native infrastructure for capital markets, bringing clients faster and easier access to things like reporting, clearing, custody and execution.
It’s been quite a rise to prominence for the New York based startup, which surpassed a billion dollar valuation in 2022 despite only launching in 2018. However, given the previous industry experience of its founders, Clear Street's success should come as no surprise. The trio built the platform as a remedy to their own pain points, missed opportunities, and lack of access to key data in the prime brokerage space.
With its Unicorn status secured and its list of clients growing, Clear Street has been experiencing a period of rapid expansion, both geographically and across the financial services industry. It is also well-funded, which allows it to continue to pursue better infrastructure for capital markets into the future.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
11% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Apr 2023
$270m
SERIES B
May 2022
$165m
SERIES B
Total funding: $470m
Company benefits
- 401k matching
- Full medical, dental and vision insurance
- Generous vacation time
- Opportunities for professional development
- In-office benefits include lunch stipends, fully stocked kitchens, happy hours, and amazing office views
Company HQ
World Trade Center, New York, NY
Leadership
Chris Pento
(Board Member & Co-founder)Financial services & investment veteran with over 30 years in the sector. Worked in Senior Management & Executive roles at Merrill Lynch, Knight Capital, Arxis Capital, Exos Financial, and Engineers Gate LP, before co-founding Clear Street in 2018.
Sachin Kumar
(Board Observer & Co-founder)Former Pearl Rothman Software Engineer who has founded two previous FinTech companies - Tolo Technologies, and QED Trading.
Uriel Cohen
(Chair & Co-founder)Trader, investor, and founder of proprietary trading firm Highland Capital Group. Co-founded proprietary investment firm Alpine Global Management in 2012.
Ed Tilly
(CEO)Was Chair and CEO at Cboe Global Markets for 11 years, and prior to that a Market Maker at Fossett Corporation.
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