What are the responsibilities and job description for the Head of Clearing Risk position at Social Capital Resources?
Financial Services Firm in Tampa, Florida is seeking a Director of Clearing Risk
Responsibilities:
- Daily monitoring of net capital, excess net capital, liquidity, and clearinghouse requirements
- Development and monitoring of Early Warning Indicators (EWIs)
- VaR, stress testing, and scenario analysis
- NSCC, DTC, OCC, and settlement liquidity exposure
- Client, correspondent, counterparty, and concentration risk
- Capital forecasting and assessment of whether the firm has sufficient resources to support current and projected clearing volumes
- Establishing risk limits, escalation thresholds, and management reporting
- Working closely with the CEO, FINOP/CFO, Clearing Operations, Compliance, and Treasury
Qualifications:
- 8 years of relevant risk experience
- Meaningful experience working at a U.S. clearing broker or self-clearing broker-dealer
- Strong understanding of SEC/FINRA net capital requirements, clearinghouse margin/deposit requirements, liquidity risk, and broker-dealer market risk
- Experience building or managing clearing risk dashboards, EWIs, VaR, stress testing, and capital frameworks
- Senior enough to independently challenge the business and escalate risk issues to executive management
Salary : $225,000 - $275,000