Operational Risk & Control Manager

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 Role:

The Operational Risk and Control Manager is responsible for leading and overseeing enhancements to the firm’s operational risk and control framework.. This role involves developing and implementing standards, procedures, and controls for operational processes and workflows and providing key communication and reporting across multiple teams. The ideal candidate will possess strong leadership, analytical, and problem-solving skills, attention to detail, and the ability to work effectively under pressure. They will also be responsible for strategic planning and execution.

 

Responsibilities:

 

• Co-ordinate preparation of risk control assessments (RCAs) liaising with Management as required. Provide guidance relating to RCA scoping, risk identification, control identification and control assessment. Review and validate risk control assessments and intemal control monitoring plans
• Develop and review Intemal Control Monitoring Plans based on key risks. Monitor the testing of primary risk controls and recommend improvements based on trends related to operational risk appetite metrics
• Manage issues and actions identified as a result of risk control testing and relevant audits. Track the progress of issues/actions remediation and monitor identified issues
• Provide guidance to risk and control owners in relation to risk policies and procedures, operational risk management frameworks, new business deals/products and changes/enhancements to existing deals/products, and produce line of business specific guidance documents.
• Provide input to the development and maintenance of business specific and local risk procedures, as requested by Management and defined in a Specification, and support the embedding of the operational risk framework and operational risk Applicable Policies and Procedures across the First Line of Defense.

Requirements  

• Preferably 10+  years in the Financial Services field
• Technologically inclined
• Ability to write policy and procedure documents
• Experience with process mapping and control frameworks
• Ability to communicate with Regulators, Auditors and Central Counterparty Clearing Houses
• Self-Starter who can take initiative to take on items that come up

 

Skills:

• Workflow mapping experience
• Understanding operational control frameworks & testing best practices
• Problem solving and analytical thinking
• Strong communication and negotiation skills
• Excellent verbal and written skills

 

We Offer:

• The opportunity to join a small and growing team of good people, where you can make a difference
• A meritocratic philosophy that champions collaboration
• Room to innovate, solve complex business problems, and build new products
• Competitive compensation, benefits, and perks

 

The Base Salary Range for this role is $160,000-200,000. 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, 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, in cultures, and in 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