# Associate Director, Risk & Margin

**Company:** [Clear Street](https://hotfix.jobs/companies/clear-street)
**Location:** Chicago, IL, New York, NY, Tampa, FL
**Role:** Business Operations
**Salary:** $125k – $170k/yr
**Experience:** 7+ years
**Skills:** SQL, Python, R, Var, Simm, Span, Collateral Management, Margin Methodologies, Risk Management Systems, Stress Testing
**Posted:** 2026-05-14

> Oversees daily margin calls, collateral management, and regulatory compliance for a modern brokerage platform. Requires 7+ years in risk/margin at financial institutions, expertise in regulations like Reg T and FINRA 4210, and bachelor's in finance-related field.

## Job Description

## Key Responsibilities

### Margin and Collateral Management
- Manage the daily calculation, issuance, and settlement of margin calls.
- Ensure the accurate and timely management of collateral, including eligibility assessments, optimization, and allocation.
- Serve as a subject matter expert for margin methodologies, requirements, and internal firm house policy.
- Spearhead efficiency and improvements within the collateral management infrastructure and operational workflows.

### Regulatory Compliance and Reporting
- Maintain a current understanding of evolving global financial regulations impacting risk and margin.
- Ensure departmental adherence to all relevant internal policies, external regulations, and audit requirements.
- Manage the preparation and submission of internal and external regulatory reports related to risk, capital, and collateral.
- Serve as a key contact for regulatory examinations and internal audits related to risk controls and margin processes.

### Leadership and Strategy
- Contribute to the strategic development and implementation of the firm’s overall risk framework and technology roadmap.
- Partner with Technology, Operations, Legal, and Front Office teams to execute new product launches and process enhancements.
- Identify and implement automation opportunities to streamline risk and margin processes, reducing operational risk.

## Qualifications

### Essential
- Bachelor's degree in Finance, Economics, Quantitative Methods, or a related field.
- 7+ years of experience in margin management, risk management, collateral operations, or a quantitative finance role within a major financial institution (e.g., investment bank, clearing house, asset manager).

### Desirable
- Experience with risk management systems or collateral management platforms.
- Proficiency in data analysis tools and programming languages (e.g., **SQL**, **Python**, **R**).
- Excellent communication skills, both written and verbal, with the ability to articulate complex risk issues to senior management and diverse stakeholders.
- Proven expertise in risk metrics (**VaR**, stress testing, **PFE**) and margin methodologies (**SIMM**, **SPAN**, etc.).
- Strong knowledge of global derivatives markets, secured financing transactions.

## Compensation
**Base Salary Range**: $125,000 - $170,000 (does not include bonuses or equity).

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