Client Margin Risk & Business Optimization

Safra National Bank; New York (NY); On-site; USD 180,000 - 240,000; Full time

Job summary

Safra National Bank invites a Senior Manager of Margin Risk and Business Optimization to own the client margin ecosystem. You will define risk guardrails, balance profitability, and supervise real-time exposure across equities and derivatives.

In this role you will collaborate with Treasury, Finance, and technology teams to implement margin engines, eliminate manual processes, and align with regulatory standards while supporting growth and capital adequacy.

Qualifications

• Minimum 7–10 years in margin operations or credit risk.
• Deep FINRA 4210 understanding and SEC rules.
• Experience with OMS and real-time risk monitoring.
• Bachelor's degree in Finance, Economics, or math preferred.

Responsibilities

• Define and enforce house margin rules exceeding regulatory minimums.
• Design risk parameters for complex strategies and multi-leg positions.
• Lead real-time intraday surveillance and liquidity management.
• Collaborate with Treasury and technology teams on OMS integration.

Skills

Margin risk

Regulatory compliance

OMS integration

FINRA knowledge

Finance background

Communication skills

Education

Finance degree

Job description

About Safra National Bank of New York and Safra Securities

Safra Securities LLC is the self-clearing broker dealer fully owned subsidiary of Safra National Bank of New York ("Safra National"), a nationally chartered U.S. Bank supervised by the Office of the Comptroller of the Currency and member of the Federal Reserve and the Federal Deposit Insurance Corporation (“FDIC”). Headquartered in New York, with a branch in Florida and representative offices in Brazil, Chile, Mexico and Panama, Safra National is a leading private bank with a devoted team of relationship managers serving many sophisticated U.S. and international high net worth clients, with focus on Latin America.

Position Overview

We are seeking a highly commercial, analytical, and hands-on Senior Manager of Margin Risk and Business Optimization to take full ownership of our client margin ecosystem. Acting as a critical link between active client trading and firm liquidity, this individual will be responsible for defining the risk guardrails that govern client leverage while maximizing the commercial profitability of our margin lending business.

This is a deep-domain, hands-on role within a U.S.-registered, self-clearing broker-dealer undergoing rapid infrastructure growth. The successful candidate will design, propose, and implement sophisticated house margin frameworks, helping move the firm toward real-time exposure tracking while eliminating manual back-office gaps. Working closely with Treasury and Cash Management teams, this person will ensure that client risk parameters protect the firm’s Net Capital position and align with the firm’s Order Management System (OMS) upgrade roadmap.

Key Responsibilities

• House Margin Frameworks: Propose, formalize, and enforce the firm’s proprietary house margin rules. Scale requirements dynamically based on product risk profiles, sector concentrations, and underlying stock volatility, ensuring rules exceed regulatory minimums under FINRA Rule 4210.
• Derivatives & Multi-Leg Control: Design and monitor client risk parameters for complex, multi-leg options strategies, structural spreads, and high-velocity short positions.
• Notional-Based Risk Transition: Lead the transition from legacy, static equity and option valuation models to dynamic, delta-adjusted, and notional-based monitoring frameworks. Establish strong risk controls for short, deep in-the-money (ITM), or zero days-to-expiration (0DTE) options approaching expiration to eliminate weekend settlement deficits.
• Real-Time Intraday Surveillance: Operationalize and oversee compliance with the Intraday Margin Standard under FINRA Rule 4210(d)(2), monitoring client exposure in real time and issuing margin deficits before they create systemic risk.

2. Margin Business Management & P&L Optimization

• Commercial P&L Ownership: Manage the margin business as a profit center. Structure competitive but risk-adjusted client margin loan interest rates, optimize inventory allocation for short sales, and maximize net interest margin (NIM) generated from client debit balances.
• Stock Loan & Hypothecation: Work closely with Securities Lending teams to optimize the hypothecation of client margin securities, generating yield while keeping firm balance sheet exposure within prudent Aggregate Indebtedness (AI) thresholds.
• Deficit & Liquidation Accountability: Direct real-time risk mitigation actions, including buy‑ins, forced liquidations, and unsecured debit collections to protect the firm from absorbing client trading losses.

3. Treasury Collaboration & Operational Liquidity Interlocking

• Bridging the Liquidity Gap: Coordinate daily with Treasury to manage the timing mismatch where the clearing house requires immediate firm capital funding, such as NSCC VaR charges and OCC STANS clearing margin, before final client settlement collection.
• Large Order Pre-Funding / Step-Outs: Partner with Treasury to review institutional or outlier retail flow. Structure pre-funding requirements or execute Step-Out protocols with top-tier prime brokers when client trade size threatens to materially reduce the firm’s Excess Net Capital.
• Capital Protection Alignment: Ensure all client margin lending parameters help protect the firm from sudden capital charges under SEC Rule 15c3-1 and support customer reserve computations under SEC Rule 15c3-3

4. Platform Transformation & Process Improvement

• OMS Margin Core Design: Serve as the primary functional expert and stakeholder with product and engineering teams to integrate real-time risk and margin rules into the upcoming Order Management System (OMS) implementation.
• Algorithmic Risk Blocks: Support the programmatic design and deployment of pre-trade concentration controls, automated risk liquidations, and fat-finger trade prevention blocks.
• Elimination of Back-Office Workarounds: Identify, redesign, and replace legacy spreadsheet-based margin checking procedures with automated, system-driven calculation workflows.
• Global Scale Integration: Collaborate with domestic and international teams to align margin engines with planned digital platform enhancements, supporting multi-currency accounts and global equity access.

Required Qualifications & Experience

• Industry Experience: Minimum 7–10 years of direct experience inclient margin operations, margin risk management, or credit risk within a U.S.-registered, self-clearing broker-dealer or prime brokerage environment.
• Regulatory Expertise: Expert knowledge of FINRA Rule 4210, including strategy-based and portfolio margin standards, along with strong familiarity with SEC Rules 15c3-1 and 15c33.
• Product Mechanics Mastery: Deep understanding of clearing and settlement lifecycles for U.S. equities, options, stock borrow and loan, and international multi-currency execution
• Systems Transformation Experience: Demonstrated success partnering with technology teams to implement or configure automated margin calculation engines within modern Order Management Systems (OMS).
• Licensing: Series 24 License (or 27 FINOP) strongly preferred and 4 (Options Principal) is a plus.
• Education: Bachelor’s degree in Finance, Economics, Mathematics, or a related quantitative discipline preferred.

Workplace setting and schedule

• 5 days onsite, New York, NY
• Monday – Friday from 9:00am to 5:00pm

Safra National Bank is an Equal Employment Opportunity