Lead Risk Analyst

ABOUT THIS ROLE

Lead Risk Analyst – Multi-Asset position to join our Risk team. This is a senior, hands‑on role for someone with deep expertise across asset classes—complex options, portfolio margin, futures, crypto, and FX—and an understanding of how those assets interact. The Risk team has evolved from manual, reactive processing toward proactive, automated risk management on Apex’s Ascend platform, and this role sits at the center of that shift: managing risk on the firm’s most complex accounts, shaping how new risk capabilities are built into Ascend, and serving as a subject matter expert as we onboard and convert multi‑asset correspondent firms.

The Lead Risk Analyst will collaborate extensively with Product, Technology, Operations, and Compliance, and act as a knowledge anchor for the broader Risk team.

• Multi-Asset
  
  Risk Management:
  
  Monitor and manage margin and market risk across equities, complex options, futures, crypto, FX, and portfolio margin accounts, including the firm’s largest and most complex exposures.
• Margin Methodology Expertise:
  Serve as the team’s authority on SPAN/SPAN2 and TIMS/portfolio margin—able to deconstruct, validate, and explain risk arrays and margin calculations to internal and external stakeholders.
• Autoliquidation:
  Own the risk perspective on automated liquidation—test and refine liquidation logic, and personally manage liquidations on complex accounts when required.
• Product Development Support:
  Test product rollouts and contribute to feature scoping in Ascend for complex options, portfolio margin, futures, and autoliquidation; translate risk and regulatory requirements into functional specifications alongside Product and Technology.
• Proactive Risk Culture:
  Identify emerging issues early and drive root‑cause resolution with Product and Technology, rather than remediating after the fact; remain ready to lead the response during market stress events.
• Process Automation & Improvement:
  Continuously improve and automate risk processes, reducing manual effort and error while maintaining operational coverage.
• Knowledge Leadership:
  Mentor Risk Analysts, document institutional knowledge, and build the department’s bench in futures, FX, and portfolio margin.

• Bachelor’s degree in Finance, Economics, or a related field, or equivalent experience.
• 8+ years of experience at a broker‑dealer or FCM supporting margin, futures, options, crypto, and/or FX trading, including hands‑on margin or market risk management experience.
• Direct experience calculating and analyzing margin requirements across equities, options, futures, and options on futures (Reg T, Portfolio Margin, SPAN/SPAN2).
• Experience operating, testing, or developing manual and automated liquidation processes.
• Series 7, Series 3, Series 34 required.

• Series 63 and/or 24 a plus.
• Experience with SPAN2 implementation or migration.
• Proficiency in Python, SQL, and Excel/VBA for risk automation and analysis.
• Experience supporting sophisticated active traders and correspondent or multi‑firm environments.

• Analytical Depth:
  Able to work from first principles on margin methodology — not just run reports, but explain why a requirement is what it is.
• Judgment Under Pressure:
  Comfortable making and owning risk decisions on large accounts during fast‑moving market events.
• Communication:
  Able to explain complex margin and risk concepts clearly to Product, Technology, executives, and correspondent firms.
• Independence and Initiative:
  Operates proactively with minimal direction; identifies what needs to be built before being asked.

This job operates on a hybrid schedule (3 days per week in office / 2 days remote).

$108,800–$136,000

We offer a robust package of employee perks and benefits, including healthcare benefits (medical, dental and vision, EAP), competitive PTO, 401(k) match, parental leave, and HSA contribution match. We also provide employees with a paid subscription to the Calm app and offer generous external learning and tuition reimbursement benefits. We offer a hybrid work schedule for most roles that…