Associate Director, Risk & Margin

Clear Street•Chicago, NY

17h•$125,000 - $170,000•Onsite

About The Position

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.

Requirements

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).

Nice To Haves

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

Responsibilities

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.