Associate Director, Risk & Margin
Clear Street
| Company | Clear Street |
| Category | Finance |
| Location | Chicago |
| Remote | On-site (inferred) |
| Employment | Not stated |
| Level | Director |
| Salary | Not stated by the employer |
| Posted | 7 Jan 2026 |
| Last verified | 30 Jul 2026 |
| Source | Employer career page (greenhouse) |
Description
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. Clear Street’s proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimizing risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency.
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.
Overview
Clear Street, LLC is seeking an experienced and highly motivated Associate Director to join our Risk/ Margin team. This critical role involves overseeing daily margin activities, ensuring strict compliance with both regulatory mandates and internal house requirements, and developing strategic initiatives to enhance team performance and support business expansion. The successful candidate must possess deep expertise across several key areas: financial instruments, collateral management, relevant regulatory frameworks (including Federal Reserve - Regulation T, FINRA 4210, CFTC, and SEC 18a-3), and the end-to-end front-to-back office processes related to trading and clearing.
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
We Offer:
The Base Salary Range for this role is $125,000-170,000. This range is representative of the starting base salaries for this role at Clear Street. Where a