At a Glance
- Tasks: Manage risk across diverse financial portfolios and engage with clients on risk management.
- Company: Clear Street is revolutionising the brokerage ecosystem with innovative technology.
- Benefits: Competitive pay, equity options, comprehensive health insurance, and parental leave.
- Other info: Collaborative culture focused on diversity and continuous professional growth.
- Why this job: Join a dynamic team and make a real impact in global financial markets.
- Qualifications: 5+ years in prime brokerage risk; strong analytical and communication skills required.
The predicted salary is between 80000 - 100000 £ per year.
About Clear Street
Clear Street is modernising 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 minimising 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.
Clear Street’s mission is to become a single-source platform that serves a variety of investor types across multiple asset classes on a global scale.
The Clear Street UK team is bringing Clear Street’s established equities, options and fixed-income prime brokerage business to a new market.
The Role
Your team will own risk across Clear Street's business lines, playing a crucial role in the success of our growing business.
As a PB Risk Manager, you will contribute to successfully creating, evolving, and executing risk frameworks and best practices.
This is an impactful position that provides the opportunity to expand both your quantitative and client facing skill-sets.
You will cover global markets, across multi assets portfolios.
Responsibilities
- Serve as a primary point of contact for clients, engaging in active discussions around portfolio onboarding, risk reviews, and ongoing risk management topics.
- Monitor intraday and end-of-day risk exposures and margin requirements across client portfolios.
- Track global markets through OMS and risk systems, escalating material issues to senior management as needed.
- Develop and maintain robust margin, risk, and stress-testing methodologies.
- Generate and automate ad-hoc reporting to highlight key risk factors and portfolio exposures.
- Communicate critical risk observations with both senior risk management and external clients.
- Support ongoing initiatives related to the development and enhancement of the firm’s risk and margin platforms.
- Collaborate with internal stakeholders, including technology and product teams, to improve risk management infrastructure and margin capabilities.
Skills required
- At least 5 years of professional experience in prime brokerage risk, trading risk, or related roles covering equities and fixed income, either on the sell-side or buy-side.
- Should have a minimum of 8 years of overall professional experience in financial services
- Bachelor’s degree in Finance, Economics, Mathematics, or Financial Engineering required; Master’s degree preferred.
- Solid understanding of equity and fixed income products, including fundamental options pricing and associated risk measures.
- Familiarity with regulatory frameworks and capital/margin rules applicable to risk management.
- Proficiency in Python and SQL preferred.
- Strong communication skills, with the ability to engage confidently with clients and regulators.
- Proactive, collaborative, and a strong team player with a high sense of ownership.
- Demonstrated project management experience and the ability to work closely with engineering and cross-functional teams.
- Analytical and detail-oriented, with strong quantitative aptitude.
- Experience in risk policy development and implementation.
- Familiarity with industry-standard tools such as Bloomberg, ICE, Fact Set, etc.
We Offer
At Clear Street, we offer competitive compensation packages, company equity, pension, gender neutral parental leave, and full medical and dental 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 a minimum of three days per week.
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, cultures and experiences.
We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer.
Prime Brokerage Risk Manager in London employer: Clear Street
Clear Street is an exceptional employer that prioritises collaboration and innovation within its Regulatory Reporting Engineering team in Greater London. Employees benefit from a supportive work culture that encourages professional growth and offers opportunities to make a meaningful impact through automation of compliance processes. With a focus on leveraging cutting-edge technology, Clear Street provides a dynamic environment where your skills in Python and SQL can thrive, ensuring both personal and career development.
StudySmarter Expert Advice🤫
We think this is how you could land Prime Brokerage Risk Manager in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Clear Street. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Prime Brokerage Risk Manager in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Clear Street.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Clear Street's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Clear Street
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Clear Street.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Clear Street will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Clear Street employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
