Director of Risk Management
The Emerald Recruiting Group, New York, NY, United States
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
#J-18808-Ljbffr
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
#J-18808-Ljbffr