Director of Risk Management

Our client is a 75-person, fast-growing broker-dealer transitioning to self-clearing for equities and equity options.

What You'll Own

• End-to-end margin risk oversight across equities and equity options as the firm moves to self-clearing
• DTCC margin methodology — deep fluency in VaR-based margin calculations, including NSCC/DTC exposure modeling and cross-margining
• OCC margin calculations — STANS methodology, portfolio margining, and options-specific risk offsets
• Day-to-day operation, configuration, and optimization of Broadridge Encore for margin processing and risk reporting
• Intraday and end-of-day margin call monitoring, excess/deficit management, and escalation protocols
• Collaboration with Operations, Prime, Compliance, and Finance on clearing-related risk controls
• Build and manage a small but high-functioning margin risk team (2–4 initially)

Background

• End-to-end margin risk oversight across equities and equity options
• Deep fluency in VaR-based margin calculations and DTCC methodology
• Operation and optimization of Broadridge Encore for margin and risk reporting
• Intraday and end-of-day margin call monitoring and escalation
• Collaboration with Operations, Prime, Compliance, and Finance on risk controls
• Build and manage a small margin risk team
• Hands‑on Encore experience necessary
• Deep understanding of DTCC margin and NSCC VaR
• Solid grasp of OCC STANS, portfolio margining, and haircuts
• Experience with self-clearing infrastructure is a plus
• Series 99, 7, or 24 preferred or willingness to obtain
• Strong operator mentality and composure during margin calls
• Excellent communication across organizational levels
• Comfortable in a scaling, evolving environment
• Low ego, high output approach

The Person

• Operator, not just a thinker — you know what it looks like when a margin call hits at 3:45pm and you don't flinch
• Strong communicator up and down the org — you can talk to the CFO and the back‑office ops associate in the same day
• Comfortable in a scaling environment where the org chart is still being drawn