About the Role
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.
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 and perform exposure analysis regularly 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.
Requirements
- 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.
Work Type
- Hybrid
Experience Level
- 8-10 years
Education Level
- Bachelor's degree in finance, economics or any other quantitative fields.
- Master's degree or CFA is a plus.
Salary/Compensations
- $180,000 - $250,000
Benefits
- Company equity
- 401k matching
- Gender neutral parental leave
- Full medical, dental and vision insurance
- Lunch stipends
- Fully stocked kitchens
- Happy hours
About the Company
- 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.
- We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market.
- Our platform is fully integrated with central clearing houses and exchanges to support billions in trading volume per day.
- We’ve agonized about our data model abstractions, created horizontal scalability, and crafted thoughtful APIs.
- All so we can provide a best-in-class experience for our clients.
- 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.
Equal Opportunity
- We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse — in ideas, in cultures, and in experiences.
- We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer.
