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Director of Regulatory Finance for Swap Dealer

Clear StreetNew York, NY
On-site Full-time $160K/yr - $215K/yr

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Experience Level

Senior Level Manager

Qualifications

Qualifications: Extensive experience in finance, particularly in regulatory and compliance roles within financial services. In-depth understanding of derivatives markets, financial reporting, and capital frameworks. Strong analytical and problem-solving skills, with the ability to navigate complex regulatory environments. Excellent communication and collaboration skills, fostering effective partnerships with diverse teams. Proven track record in managing projects and leading cross-functional teams. Knowledge of digital asset derivatives and crypto-related financial instruments is a plus.

About the job

About Clear Street:

Clear Street is revolutionizing the brokerage landscape. Established in 2018, we are a comprehensive financial services firm that is redefining the traditional infrastructure utilized across capital markets.

Starting from the ground up, we have developed a fully cloud-native clearing and custody system tailored for today’s intricate global market. Our proprietary prime brokerage platform significantly enhances market efficiency, while prioritizing the reduction of risk, redundancy, and costs for our clients. We aim to create a unified source-of-truth platform for all asset classes, across every country, and in any currency.

By merging highly skilled product and engineering talent with experienced finance professionals, we are laying the groundwork necessary to thrive in today’s dynamic markets.

 

Position Overview

We are in search of a seasoned finance leader to oversee the registration and ongoing financial management of our CFTC-registered Swap Dealer. This pivotal role involves coordinating the financial and operational aspects of the swap dealer registration process, including the development of regulatory capital frameworks, policies, procedures, and financial reporting systems.

The selected candidate will collaborate closely with Legal, Compliance, Risk, Operations, Treasury, and Technology teams to establish and uphold a robust financial control environment that complies with CFTC, NFA, and SEC regulations pertinent to registered Swap Dealers.

This position necessitates extensive knowledge of financial services regulations, regulatory capital, derivatives markets, and financial reporting within regulated organizations. Given our strategic emphasis on digital asset derivatives and crypto swaps, the role will also involve supporting the financial regulatory framework related to crypto-linked derivatives and corresponding market infrastructure.

 

Key Responsibilities

Swap Dealer Registration & Buildout

Lead and coordinate finance workstreams associated with the CFTC Swap Dealer registration process, including:

  • Assisting in the design and implementation of the regulatory capital framework in line with applicable CFTC capital regulations (e.g., CFTC 23.101 / SEC 18a-1 where applicable).
  • Helping to prepare financial policies, procedures, and internal controls necessary for registration.
  • Collaborating with Legal, Compliance, Risk, Operations, Treasury, and Technology teams, as well as external advisors, to ensure operational readiness of the Swap Dealer entity.
  • Supporting regulatory filings and documentation related to the Swap Dealer registration.

About Clear Street

Clear Street is at the forefront of transforming the brokerage industry. Our mission is to modernize the capital markets with innovative solutions that enhance efficiency and reduce operational risks, making us a leader in the financial services sector.

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