Description

Velocity Clearing’s Risk team is responsible for monitoring, managing and reporting the risk of its correspondents, direct and prime client’s for equity and equity options. It also manages and monitors the risk of the fixed income repo business.  This includes market risk, liquidity risk and credit risk.  As the firm has been growing aggressively, the risk team has been expanding in order to meet the needs of the firm.  The candidate will join a team of 7 other risk analysts and managers and will focus on correspondent risk as well as assist with monitoring the direct clients as required. 

DUTIES AND RESPONSIBILITIES: 

• Involved in all aspects of risk management for the firm and work closely with the CRO
• Assist in Monitoring the risk of direct active day trading clients positions and exposure of correspondent clearing broker/dealers
• Liaison with institutional and prime clients on risk related issues
• A resource for sales to evaluate the risk of potential clients
• Assist with the coordination of new risk related projects
• Interface and address questions from FINRA, The OCC and DTCC
• Assist in monitoring and managing Liquidity requirements for the firm

Requirements

Degree:

• Bachelors in Finance or quantitative discipline like econometrics, math/engineering etc.
• Masters degree is a plus.

Certification:

• Series 7, Series 57, Series 4. Series 24 is a plus.
• Risk management certification such as FRM or PRM is a plus.

Skills/experience:

• Strong knowledge of equity and equity options risk, including trading strategies and quantitative risk and options models.
• Understanding of margin rates and requirements for equity and equity options.
• Understanding of Portfolio margin and the OCC stress tests and margining rules.
• Knowledge of Fixed income repo markets and basic risk fundamentals of corporate bonds is a plus.
• Exposure to trading and risk platforms used by clients such as Sterling, DAS, Takion as well as pretrade risk systems such as Succession.
• Excel skills and ability to leverage AI are useful.
• Must be quick thinking, with ability to work in an often stressful environment.