Clear Street

Director - Credit Risk

Clear Street$180K — $250K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance, economics, or a quantitative field; Master's degree or CFA is a plus.
  • 8-10 years of credit risk management experience at a prime brokerage, broker-dealer, or investment bank.
  • Experience interfacing with regulators (SEC, FINRA) and managing audit deliverables.
  • Expertise in counterparty credit risk across prime brokerage products.
  • Strong ability to communicate complex risk issues to senior leadership and external stakeholders.

Responsibilities

  • Assess credit and financial strength of prospective counterparties using credit analysis.
  • Monitor daily credit risk exposures and perform regular portfolio exposure analysis.
  • Recommend and communicate credit exposure appetite across trading products.
  • Liaise with regulatory bodies for examinations and audits, ensuring timely response to findings.
  • Collaborate with various departments for client due diligence and legal negotiations.

Benefits

  • Competitive compensation packages including company equity.
  • 401k matching and full medical, dental, and vision insurance.
  • Gender neutral parental leave to support work-life balance.
  • In-office perks like lunch stipends and stocked kitchens.
  • Cohesive company culture with required office attendance and engaging employee events.
Full Job Description
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.

About Clear Street

Clear Street is a financial technology company that provides banking services to businesses. Clear Street offers a variety of financial products, including checking accounts, savings accounts, and debit cards. Clear Street's platform allows businesses to manage their finances online, with features such as real-time payments and automated accounting. Clear Street was founded in 2018 and is headquartered in New York City.
Learn more about Clear Street
Size
50 employees
Industry
Net Income
-$1 million
Founded
2018
Revenue
$10 million

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