Associate Director, Margin

| New York, NY, USA | Hybrid
Employer Provided Salary: 130,000-175,000 Annually
Salary data is provided by the employer. Please note this is not a guarantee of compensation.
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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. 

The Team:

At Clear Street, our risk and margin functions collaborate closely as members of the same team. Your team will own risk and margin across Clear Street's business lines, playing a crucial role in the success of our growing business. This is a highly impactful position that provides the opportunity to expand both your quantitative and client facing skillsets.

You will: 

  • Work with the margin team to ensure Reg margin calculations (Reg T, PM, Day Trading Calls, Futures SPAN/House calls, etc.) are in order.
  • Issue Margin/Risk calls, track and escalate to management as appropriate.
  • Help out with Wires, ACAT, and ‘what if’ scenarios.
  • Drive internal margin/risk platform improvement projectsInteract with key internal and external stakeholders to explain any regulatory margin related questions.

Qualifications :

  • At least four (4) years of experience and understanding of Federal Reserve Reg T, Portfolio Margin and FINRA rule 4210, Futures Exchange Margin, RIsk Based Haircuts for various trading strategies and processing margin calls
  • Bachelor’s degree
  • Analytical skills, problem solving ability, and meticulous attention to detail.Aptitude for building relationships and ability to communicate complex issues to a wide array of internal / external clients with differing levels of product experience.
  • Strong project management skills to drive state-of-the-art technology projects to disrupt Prime Brokerage business.
  • Ability to learn quickly in a fast moving environment. Team oriented approach to sharing workload and leverage skill sets.
  • Familiarity with Excel / VBA  macros, SQL, and other basic programming.

We Offer:

The Base Salary Range for this role is $130,000 - $175,000. This range is representative of the starting base salaries for this role at Clear Street. Where a candidate falls in this range will be based on job-related factors such as relevant experience, skills, and location. This range represents Base Salary only, which is just one element of Clear Street's total compensation. The range stated does 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. As such, beginning on January 2, 2023, 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.

Our top priority is our people. We’re continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse — in ideas, cultures, and experiences. We put in the effort to make such a workplace a daily reality and are proud to be an equal-opportunity employer. #LI-Hybrid

 

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Technology we use

  • Engineering
  • Product
  • Sales & Marketing
  • People Operations
    • C++Languages
    • GolangLanguages
    • JavaLanguages
    • JavascriptLanguages
    • PythonLanguages
    • SqlLanguages
    • TypeScriptLanguages
    • ReactLibraries
    • ReduxLibraries
    • ExpressFrameworks
    • FlaskFrameworks
    • Node.jsFrameworks
    • SpringFrameworks
    • MongoDBDatabases
    • PostgreSQLDatabases
    • RedisDatabases
    • SnowflakeDatabases
    • SQLiteDatabases
    • Google AnalyticsAnalytics
    • LogRocketAnalytics
    • FigmaDesign
    • IllustratorDesign
    • MiroDesign
    • PhotoshopDesign
    • FigJamDesign
    • DovetailDesign
    • WiterDesign
    • ConfluenceManagement
    • Google DriveManagement
    • Google DocsManagement
    • JIRAManagement
    • GitLabManagement
    • ShortcutManagement
    • AirtableManagement
    • NotionManagement
    • DocuSignCRM
    • SalesforceCRM
    • JiraProject Management

Location

Located in the heart of the Financial District with entrances to the Oculus.

An Insider's view of Clear Street

What are some social events your company does?

The Women's Club of Clear Street is a monthly employee resource group where we provide a time for the women and allies of our company to connect and engage in meaningful discussion. We're really trying to create a support network for the current and future women of Clear Street.

Erin

People Operations Manager

How does the company support your career growth?

At Clear Street, everyone wants to succeed both individually and as a company. I have the rare opportunity to work towards building a business from the ground up. Plus, I’m working alongside some of the best people in the industry.

Jordan

Associate Director, Derivatives

What are Clear Street Perks + Benefits

Clear Street Benefits Overview

In addition to a startup culture with collaborative teammates and advancement opportunities, there are many other great perks when you join Clear Street. Employees receive competitive incentive packages, a 401k match, and options for full medical, dental and vision insurance. We also offer generous vacation time and flexible work schedules. For those working in our New York, San Diego, Tampa, and Chicago offices, perks include a lunch stipend, fully stocked kitchens, happy hours and amazing views.

Culture
Partners with nonprofits
Clear Street has partnered with Non Profits such as Dress for Success, Feed the Frontlines, and Code Nation.
OKR operational model
Team based strategic planning
Open office floor plan
Employee resource groups
Hybrid work model
Employee awards
Diversity
Documented equal pay policy
Hiring practices that promote diversity
Health Insurance + Wellness
Flexible Spending Account (FSA)
Clear Street employees can contribute up to an FSA.
Disability insurance
Disability insurance covers 60% of annual salary up to $5,000 monthly maximum payout.
Dental insurance
Our dental plan covers up to $2000 of expenses, annually.
Vision insurance
Health insurance
Life insurance
Pet insurance
Wellness programs
We host a Wellness Week in the 4 World Trade Center Office. We also have Yoga series where we host yoga at 5 pm in the 4 World Trade Center Office.
Mental health benefits
Financial & Retirement
401(K)
401(K) matching
Clear Street matches contributions of up to 2% of our employees' salaries.
Company equity
Performance bonus
Child Care & Parental Leave
Family medical leave
Vacation + Time Off
Paid holidays
Paid sick days
Office Perks
Commuter benefits
Company-sponsored outings
Free daily meals
$18 in Doordash credit and catered lunch on Fridays.
Free snacks and drinks
Some meals provided
We provide free breakfast options daily. Employees are also given $15 per day to order lunch through our Seamless account Monday through Thursday. On Friday, we offer a pizza lunch, enjoyed together.
Company-sponsored happy hours
Recreational clubs
Relocation assistance
Mother's room
Professional Development
Job training & conferences
Lunch and learns
Promote from within
Online course subscriptions available
Customized development tracks
Paid industry certifications

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