Director - Credit Risk

Clear Street; New York (NY); Vor Ort; USD 180.000 - 250.000; Vollzeit

Benefits dieser Stelle

Equity

401k matching

Medical, dental and vision insurance

Zusammenfassung

Clear Street is seeking a Director of Credit Risk in New York to lead and execute the firm’s credit risk strategy as it scales. You will independently manage a complex institutional client portfolio, serve as the point of contact for regulators and auditors, and drive evolution of the credit risk framework.

The role requires a seasoned professional with deep expertise across prime brokerage products, including securities financing, margin lending, derivatives, and digital assets.

Qualifikationen

• Bachelor's degree in finance, economics or a quantitative field.
• Master's degree or CFA is a plus.
• Experience interfacing with regulators (SEC, FINRA) and external auditors.

Aufgaben

• Assess credit and financial strength of prospective counterparties using quantitative and qualitative factors.
• Monitor credit risk exposures daily and analyze portfolio concentrations or trends.
• Communicate credit exposure appetite across trading products per internal policies.
• Liaise for regulatory examinations, audits and inquiries with regulators and auditors.
• Collaborate with Sales & Trading, Legal, Operations and Compliance on due diligence and negotiations.

Kenntnisse

Credit risk management

Regulatory liaison

Executive communication

Ausbildung

Bachelor's degree in finance/economics/quantitative fields

Master's degree or CFA

Jobbeschreibung

About Clear Street

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.

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.

About the Team

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.

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.

Experience Required

• Bachelor's degree in finance, economics or any other quantitative fields. Master's degree or CFA is a plus.
• 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.

The Base Salary Range is $180,000 - $250,000. These ranges are representative of the starting base salaries for this role at Clear Street. Which range a candidate fits into and where a candidate falls in the range will be based on job related factors such as relevant experience, skills, and location. These ranges represent Base Salary only, which is just one element of Clear Street's total compensation. The ranges stated do not include other factors of total compensation such as bonuses or equity.

At Clear Street, we offer competitive compensation packages, company equity, 401k matching, gender neutral parental leave, and full medical, dental and vision insurance. Our belief has always been that we are better as a business when we are all together in person. We are requiring employees to be in the office 4 days per week. In-office benefits include lunch stipends, fully stocked kitchens, happy hours, a great location, and amazing views.

Our top priority is our people. We're continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. 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. #LI-Hybrid