Director - Market/Credit Risk - Prime Brokerage

JCW Group; New York (NY); Hybrid; USD 240,000 - 300,000; Full time

Job summary

JCW Group is seeking a Director – Credit/Market Risk for Prime Services/Prime Brokerage in New York City. The role reports to the Global Head of Prime Services and sits on a dynamic, entrepreneurial team of 10–15 people.

The position covers market and counterparty risk, collateral, and stress testing, with strategic growth in the US and Europe. Hybrid/onsite work on trading floor with four in-office days weekly, competitive bonus, and benefits.

Qualifications

• Experience in heavily regulated institutions.
• Experience covering Prime Services/Prime Brokerage Risk.
• Ability to build risk frameworks and run projects end-to-end.
• Exposure to regulators (direct or indirect).
• Solid understanding of markets—equities, fixed income, and multiple products.
• Strong Market Risk and Credit Risk knowledge.

Responsibilities

• Own analytics of Counterparties within Market and Credit Risk.
• Lead risk assessment for Prime Services/Prime Brokerage products and collateral.
• Develop and implement risk frameworks and run risk projects from start to finish.
• Collaborate with trading, credit, and operations to manage risk on a global scale.

Skills

Market Risk

Credit Risk

Counterparty Risk

Stakeholder Communication

Job description

My key client is seeking a Director – Credit/Market Risk for Prime Services/Prime Brokerage

This role will report into the Global Head of Prime Services. All Market Risk Functions sit within this team including Counterparty Risk. This team owns analytics of Counterparties. When it comes to Prime Brokerage the team is responsible for all market risk, counterparty credit risk, collateral, stress testing etc.

The role will cover – cash prime, synthetic prime, arrange financing (similar to cash prime just higher leverage)

How did the role come about: Brand new role – strategic growth for the firm – Main area of growth is the US and Europe – Building arranged product and synthetic product.

Team size: 10 – 15 people

Why would somebody want this opportunity: This is a key hire and opportunity to enter an area that is relatively new with autonomy. The role entails building frameworks and running projects from start to finish. This is a True entrepreneurial role.

• Come from heavily regulated institutions
• Worked for extended period covering Prime Services/Prime Brokerage Risk
• Exposure to building frameworks
• Exposure to regulators – directly or indirectly
• Foundational understanding of markets, equities, fixed income, multiple product knowledge.
• Market Risk
• Credit Risk

Location: NYC

Salary: $240,000 - $300,000m + bonus and benefits

WFH: 4 days in office – x1 day hybrid role sits on trading floor