Associate Director, Equity Finance Middle Office

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 are building the essentials to compete in today’s fast-paced markets.

The Role:

We are looking to hire an experienced person to build the Equity Finance Middle office functions to support the growing Clear Street UK Equity Finance business. The candidate will be responsible for managing all aspects of bilateral and triparty collateralisation and should have deep experience in managing such relationships in both an equity and fixed income environment. This role is for a self-starter and the candidate should be keen on partnering with the
trading team to ensure the operational efficiencies of the platform and have strong experience in building teams and platforms. Cross-Asset knowledge and experience is crucial to ensure the Middle Office support perfectly aligns with the growth of the finance platform.

The Team:

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 U.K. team is bringing Clear Street’s established equities, options, and fixed-income prime brokerage business to a new market.

Responsibilities:

The responsibilities of this role are as follows:

• Lead the Middle Office the Equity Finance platform in the UK entity
• Oversee bilateral and triparty collateral management
• Input into CCP/ Exchange margin requirements
• Oversee all operational KPIs, reconciliations, and margin calls.
• Align closely with the Settlement team to manage fails risk to the firm.
• Provide exceptional client and business stakeholder communication and service, acting as a key contact for Equity Finance operations
• Support the onboarding process, ensuring adherence to industry standards and best practice

Skills required:

• At least seven (7) years of professional experience working in a Equity Finance / Prime Finance Middle Office function
• Experience building and documenting operational processes as well as working with settlement, clearing, risk and margin functions
• Deep cross-asset knowledge (fixed income and equity)
• Extensive experience in managing Triparty operations (collateral receiver and provider)
• Solid experience in managing bilateral secured financing operations.
• Ability to partner with the Equity Finance Trading team to optimise inventory
• Deep experience in managing operations risk items (recs, cash balances, nostro etc)
• Confident communicator with the ability to quickly build relationships with external clients and counterparties, and internal stakeholders
• Analytical approach with strong attention to detail

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, 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