Associate Director, Risk & Margin

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Clear Street is modernizing the brokerage ecosystem. Founded in 2018, it is a diversified financial services firm replacing the legacy infrastructure used across capital markets. We built a cloud‑native clearing and custody system designed for today’s complex, global market. Our proprietary prime brokerage platform adds significant efficiency while minimizing risk, redundancy, and cost for clients. The goal is to create a single source‑of‑truth platform for every asset class, in every country, and in any currency.

Clear Street, LLC seeks a highly motivated Associate Director to join our Risk/Margin team. The role involves overseeing daily margin activities, ensuring strict compliance with regulatory mandates and internal house requirements, and developing strategic initiatives to enhance team performance and support business expansion. The candidate must possess deep expertise across financial instruments, collateral management, and regulatory frameworks (including Federal Reserve Regulation T, FINRA 4210, CFTC, and SEC 18a‑3), as well as end‑to‑end front‑to‑back office processes related to trading and clearing.

• 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.
• 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.
• 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.

• 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).

• 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 and secured financing transactions.

The Base Salary Range for this role is $125,000‑170,000. This range is representative of the starting base salaries for this role at Clear Street. It is based on job‑related factors such as relevant experience, skills, and location. The range represents base salary only and does not include other factors such as bonuses or equity.

At Clear Street, we offer competitive compensation packages, company equity, 401(k) matching, gender‑neutral parental leave, and full medical, dental and vision insurance. Employees are required to be in the office 4 days per week, with in‑office benefits including lunch stipends, fully stocked kitchens, happy hours, a great location, and amazing views.

Our top priority is our people. We continuously invest in a culture that promotes collaboration, celebrates successes, and is inclusive of diverse ideas, cultures, and experiences. We are proud to be an equal‑opportunity employer.