Associate Director, Risk & Margin

About this role

<p><span style="font-family: helvetica, arial, sans-serif;"><strong><span style="font-size: 12pt;">About Clear Street: </span></strong></span></p> <p><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">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.</span></p> <p><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">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.</span></p> <p><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">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.</span></p> <h1><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Overview</span></h1> <h1><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">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.</span></h1> <h1><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Key Responsibilities</span></h1> <h2><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Margin and Collateral Management</span></h2> <ul> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Manage the daily calculation, issuance, and settlement of margin calls.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Ensure the accurate and timely management of collateral, including eligibility assessments, optimization, and allocation.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Serve as a subject matter expert for margin methodologies, requirements, and internal firm house policy.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Spearhead efficiency and improvements within the collateral management infrastructure and operational workflows.</span></li> </ul> <h2><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Regulatory Compliance and Reporting</span></h2> <ul> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Maintain a current understanding of evolving global financial regulations impacting risk and margin</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Ensure departmental adherence to all relevant internal policies, external regulations, and audit requirements.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Manage the preparation and submission of internal and external regulatory reports related to risk, capital, and collateral.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Serve as a key contact for regulatory examinations and internal audits related to risk controls and margin processes.</span></li> </ul> <h2><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Leadership and Strategy</span></h2> <ul> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Contribute to the strategic development and implementation of the firm’s overall risk framework and technology roadmap.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Partner with Technology, Operations, Legal, and…