Associate Director, Clear Street
Risk & Margin
$125-170k
+ Equity
4+ days a week in office
Modern infrastructure for capital markets
Open for applications
Modern infrastructure for capital markets
501-1000 employees
Open for applications
$125-170k
+ Equity
4+ days a week in office
501-1000 employees
Company mission
To rebuild the infrastructure that supports the capital markets, bringing them into the future.
Role
Who you are
- 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
- 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
What the job involves
- 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
- 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
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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