Operational Risk & Control Manager, Clear Street
$160-200k
+ Equity
4+ days a week in office
Modern infrastructure for capital markets
Be an early applicant
Modern infrastructure for capital markets
201-500 employees
Be an early applicant
$160-200k
+ Equity
4+ days a week in office
201-500 employees
Company mission
To rebuild the infrastructure that supports the capital markets, bringing them into the future.
Role
Who you are
- The ideal candidate will possess strong leadership, analytical, and problem-solving skills, attention to detail, and the ability to work effectively under pressure
- Preferably 10+ years in the Financial Services field
- Technologically inclined
- Ability to write policy and procedure documents
- Experience with process mapping and control frameworks
- Ability to communicate with Regulators, Auditors and Central Counterparty Clearing Houses
- Self-Starter who can take initiative to take on items that come up
- Workflow mapping experience
- Understanding operational control frameworks & testing best practices
- Problem solving and analytical thinking
- Strong communication and negotiation skills
- Excellent verbal and written skills
What the job involves
- 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
- The Operational Risk and Control Manager is responsible for leading and overseeing enhancements to the firm’s operational risk and control framework
- This role involves developing and implementing standards, procedures, and controls for operational processes and workflows and providing key communication and reporting across multiple teams
- They will also be responsible for strategic planning and execution
- Co-ordinate preparation of risk control assessments (RCAs) liaising with Management as required. Provide guidance relating to RCA scoping, risk identification, control identification and control assessment. Review and validate risk control assessments and intemal control monitoring plans
- Develop and review Intemal Control Monitoring Plans based on key risks. Monitor the testing of primary risk controls and recommend improvements based on trends related to operational risk appetite metrics
- Manage issues and actions identified as a result of risk control testing and relevant audits. Track the progress of issues/actions remediation and monitor identified issues
- Provide guidance to risk and control owners in relation to risk policies and procedures, operational risk management frameworks, new business deals/products and changes/enhancements to existing deals/products, and produce line of business specific guidance documents
- Provide input to the development and maintenance of business specific and local risk procedures, as requested by Management and defined in a Specification, and support the embedding of the operational risk framework and operational risk Applicable Policies and Procedures across the First Line of Defense
- The opportunity to join a small and growing team of good people, where you can make a difference
- A meritocratic philosophy that champions collaboration
- Room to innovate, solve complex business problems, and build new products
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 is now gearing up for a period of rapid expansion, both geographically and across the financial services industry. Securing funding in 2023 from Prysm Capital, the company has money to play with as it continues to pursue better infrastructure for capital markets.
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
(CEO)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
(CTO)Former Pearl Rothman Software Engineer who has founded two previous FinTech companies - Tolo Technologies, and QED Trading.
Uriel Cohen
(Executive Chairman)Trader, investor, and founder of proprietary trading firm Highland Capital Group. Co-founded proprietary investment firm Alpine Global Management in 2012.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 17 more jobs at Clear Street