
Director of Market Risk Operations
Remote - United States
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.
How We Take Care of You:
- Competitive Salary & Stock Options
- Health Benefits
- New Hire Home-Office Setup: One-time USD $500
- Monthly Stipend: USD $150 per month via a Brex Card
Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.
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