Director - Credit Risk

Clear Street•New York, NY

4d•$180,000 - $250,000•Hybrid

About The Position

As Director of Credit Risk at Clear Street, you will be a senior leader within the Risk Management Team, responsible for shaping and executing the firm's credit risk strategy as it scales. This role requires a seasoned professional who can independently manage a complex, institutional client portfolio, serve as a point of contact for regulators and auditors, and drive the continued evolution of the firm's credit risk framework. The Credit Risk Team serves as a key function of Clear Street’s risk management framework. The Team enforces a strong credit culture by managing and mitigating the firm’s counterparty risk to enable the firm to grow in a scalable and prudent manner.

Requirements

Bachelor’s degree in finance, economics or any other quantitative fields.
Minimum of 8-10 years of experience in credit risk management experience at a prime brokerage, broker-dealer or investment bank.
Proven experience interfacing directly with regulators (SEC, FINRA) and external auditors — including leading exam responses and managing audit deliverables.
Deep expertise in counterparty credit risk across prime brokerage products including securities financing, margin lending, derivatives, cleared products, and digital assets.
Strong executive presence with the ability to communicate complex risk issues clearly and credibly to senior leadership, clients, and external stakeholders.

Nice To Haves

Master’s degree or CFA is a plus.

Responsibilities

Assess the credit and financial strength of the firm's prospective counterparties by performing fundamental credit analysis using both quantitative and qualitative factors.
Monitor credit risk exposures across our client base on a daily basis. Perform exposure analysis regularly in order to assess portfolio concentrations or trends.
Recommend and communicate credit exposure appetite across trading products utilizing internal policies and methodologies.
Serve as the liaison for regulatory examinations, audits, and inquiries — including interactions with the SEC, FINRA, and other relevant regulators — preparing documentation, responding to findings, and ensuring timely remediation.
Collaborate with Sales & Trading, Legal, Operations and Compliance departments for client due diligence meetings, legal negotiations for traded products and team efficiency projects.