Senior Manager, Risk

Velocity Clearing began in 2003, providing third-party security locate services. We saw the challenge clients experienced when dealing with multiple companies to reach their goals. We sought to build a streamlined system that integrated all aspects of their trading experience into one full-service firm. Velocity has since created a robust trading product and service ecosystem including stock locate, securities borrow coverage, clearing infrastructure, competitive financing, in-house trading desk, and full support client services.

SUMMARY:

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 QUALIFICATIONS or PREFERRED QUALIFICATIONS: 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, ability to work in often a stressful environment

BENEFITS:

401(k) Health Insurance Vision Insurance Paid Time Off

SCHEDULE:

Monday-Friday: Normal hours are 8am-5pm. However, on occasion, we may require coverage of the 10:30am-8pm shift. #J-18808-Ljbffr Velocity Clearing, Llc