Director of Market Risk Operations

Your Role:

The Director of Market Risk Operations will oversee market risk across a diverse range of products and asset classes, with a primary focus on initiatives within a regulated broker-dealer — including the design and oversight of a portfolio margin program. This cross-functional role will also support risk policy development across other lines of business, such as international brokerage entities and digital asset products. 

Things You Get To Do:

• Portfolio Margin Risk Oversight:
• Lead the development and implementation of a portfolio margin program, including eligibility criteria, stress testing methodology, and escalation protocols.
• Establish and maintain surveillance and risk monitoring procedures for accounts utilizing portfolio margin.
  
• Cross-Product Market Risk Governance:
• Develop comprehensive market risk policies across equities, derivatives, and digital assets.
• Ensure frameworks are aligned with regulatory expectations (e.g., FINRA Rule 4210) and internal risk appetite.
• Coordinate across business units to ensure consistent application of risk controls across asset classes and regions.
  
• Reporting & Risk Communication:
• Define the cadence and structure of market risk reporting to senior leadership, covering concentrations, sensitivities, and stress exposures.
• Support business and product teams in interpreting and responding to risk signals.
  
• Risk Modeling & Infrastructure:
• Guide the development of risk analytics and modeling tools to evaluate market exposures.
• Work with engineering and data teams to ensure infrastructure supports real-time risk monitoring.

Who You Are (Must-Haves):

• Bachelor’s degree in Finance, Business, Data Science, Statistics, or a related field.
• 8+ years of experience in market or margin risk management across asset classes, with direct experience in a FINRA-regulated broker-dealer environment.
• FINRA Series 7 (or must be obtained within 3 months of employment)
• Proven track record of building or managing a portfolio margin program.
• Deep understanding of market risk drivers, including volatility, concentration risk, and liquidity.
• Familiarity with regulatory requirements including FINRA 4210 and SEC capital rules.
• Experience collaborating across trading, compliance, product, and engineering teams.
• Strong communication skills and ability to influence across organizational levels.
• Strong understanding of financial markets, trading operations, and brokerage services.
• High ethical standards and a commitment to maintaining confidentiality.