15+ years in financial services with a focus on risk management in regulated institutions.
Proven experience in a senior risk leadership role, such as Chief Risk Officer or Head of Risk.
Deep understanding of enterprise risk management and various risk types (market, credit, liquidity, operational).
Extensive knowledge of US securities markets and regulatory requirements (SEC, FINRA).
Experience in establishing risk governance frameworks and policies.
Strong grasp of electronic trading systems and related operations.
Demonstrated ability to collaborate with executive leadership across multiple functions.
Responsibilities
Develop and oversee a comprehensive enterprise risk management framework.
Establish risk governance policies and internal control frameworks.
Identify and mitigate various business risks, including market and operational risks.
Collaborate with leadership to set risk appetite and escalation frameworks.
Monitor key risk indicators and provide management reporting.
Evaluate trading exposures and oversee risk assessments related to trading activities.
Lead stress testing and scenario analysis to assess financial and operational risks.
Benefits
Competitive salary based on experience.
Health, Vision & Dental Insurance.
Stock option grant as part of the compensation package.
Full Job Description
Role:-
Chief Risk Officer (CRO) - Full Time W2
Location:-
New York City, USA
Salary Range:-
$300,000 - $3500,000
Responsibilities:-
Develop, implement, and oversee a comprehensive enterprise risk management framework that ensures regulatory compliance, safeguards the firm's financial and operational stability, and mitigates risks that could threaten its ongoing viability.
Establish and maintain risk governance policies, procedures, methodologies, and internal control frameworks.
Identify, assess, monitor, and mitigate market, credit, liquidity, counterparty, operational, technology, and other material business risks.
Establish risk appetite, risk tolerance, and escalation frameworks in collaboration with executive leadership.
Develop and monitor key risk indicators (KRIs), risk dashboards, exposure reports, and management reporting.
Oversee risk assessments relating to trading activity, order management, settlement, custody, and digital asset securities operations.
Evaluate trading exposures, concentration risks, position limits, and liquidity considerations, providing independent oversight and challenge where appropriate.
Design and oversee stress testing, scenario analysis, and risk assessment methodologies to evaluate potential financial and operational exposures.
Lead risk and control self-assessments, control effectiveness reviews, and the identification and remediation of control deficiencies.
Establish processes for identifying, documenting, prioritising, escalating, and resolving material risk incidents and emerging threats.
Assess risks associated with new products, trading strategies, technology implementations, and business expansion initiatives.
Work closely with trading, operations, compliance, finance, legal, and engineering teams to ensure effective risk management throughout the organisation.
Partner with technology and information security leadership to assess technology-related risks, cybersecurity exposures, system resilience, and business continuity arrangements.
Evaluate risks associated with blockchain infrastructure, digital asset custody, tokenization, and evolving digital asset market structures.
Support regulatory examinations, inquiries, and reporting requirements in collaboration with the Compliance and Legal teams.
Monitor regulatory developments and emerging industry risks, recommending appropriate enhancements to risk management practices.
Provide regular risk reporting, analysis, and recommendations to executive leadership and relevant governance committees.
Promote a strong culture of risk awareness, accountability, and effective decision-making across the organisation.
Qualifications:-
Minimum of 15 years of progressive experience in financial services, including substantial experience in risk management within a broker-dealer, trading firm, exchange, or comparable regulated financial institution.
Demonstrated experience in a senior risk leadership position as a Chief Risk Officer, Head of Risk, or equivalent.
Comprehensive understanding of enterprise risk management, market risk, credit risk, liquidity risk, operational risk, and internal control frameworks.
Extensive knowledge of US securities markets, broker-dealer operations, trading infrastructure, and applicable SEC and FINRA regulatory requirements.
Experience establishing and implementing risk governance frameworks, policies, procedures, risk limits, and escalation processes.
Strong understanding of electronic trading systems, order management systems, trade processing, clearing, settlement, and custody operations.
Demonstrated ability to work effectively with executive leadership and collaborate across trading, compliance, operations, finance, legal, and technology functions.
Strong analytical and problem-solving skills, with the ability to evaluate complex risks and communicate findings clearly.
Proven leadership capabilities, sound judgment, and the ability to operate independently in a dynamic and evolving business environment.
Bachelor's degree in Finance, Economics, Business, Risk Management, or a related discipline.
FINRA Series 24 (General Securities Principal) registration is preferred but not required.
