Director - Credit Risk

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 $180000 - $250000. 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

What We Do

Clear Street’s mission is to give every sophisticated investor access to every asset in every market through a unified platform built for speed transparency and scale. We give our clients the technology tools and service once reserved for the largest institutions rebuilt with modern infrastructure. Our single cloud-native end-to-end capital markets platform powers investor growth today and is transforming how they can interact with markets tomorrow. For more information visit https://clearstreet.io.

Why Work With Us

Clear Street has thoughtfully cultivated a team that combines problem-solving engineers with financial industry experts across clearing platforms compliance and more. The company is focused on building a team that is motivated to tackle fintech innovation and create a collaborative work culture for everyone.

Gallery