Director - Credit Risk

About the role

The Director of Credit Risk at Clear Street will lead the firm's credit risk strategy as it scales. This role involves assessing the credit and financial strength of the firm's clients, monitoring credit risk exposures, and collaborating with various departments to ensure compliance and efficient operations.

Responsibilities

• Perform fundamental credit analysis using both quantitative and qualitative factors to assess the credit and financial strength of prospective counterparties.
• Maintain a daily overview of credit risk exposures across the client base.
• Conduct regular exposure analysis to identify portfolio concentrations or trends and recommend appropriate credit exposure appetites.
• Communicate credit exposure recommendations to senior leadership and clients, and prepare and respond to regulatory examinations and audits.
• Liaise with Sales & Trading, Legal, Operations, and Compliance teams during client due diligence meetings and legal negotiations.

Requirements

• Minimum of 8-10 years of experience in credit risk management, preferably at a prime brokerage, broker-dealer, or investment bank.
• Proven experience interfacing with regulators (SEC, FINRA) and external auditors, including leading exam responses and managing audit deliverables.
• Deep expertise in counterparty credit risk across prime brokerage products such as securities financing, margin lending, derivatives, cleared products, and digital assets.
• A strong executive presence to communicate complex risk issues clearly and credibly to senior leadership, clients, and external stakeholders.

Qualifications

• Bachelor’s degree in finance, economics, or a related quantitative field.
• A Master’s degree or CFA is a plus.

Skills

• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to work independently and manage multiple tasks simultaneously.

Benefits

• Competitive salary range of $180,000 - $250,000, depending on experience and location.
• Company equity, 401(k) matching, gender-neutral parental leave.
• Full medical, dental, and vision insurance.
• In-office benefits including lunch stipends, fully stocked kitchens, and happy hours.
• Modern workplace with a focus on diversity, inclusion, and collaboration.

Pay

The Base Salary Range for this role is $180,000 - $250,000, with the exact range based on individual qualifications and experience.

Schedule

Employees are required to be in the office 4 days per week.