Alpaca
Director of Market Risk Operations
Job Summary
The Director of Market Risk Operations oversees market risk across various product and asset classes within a regulated broker-dealer environment. The role involves designing and managing a portfolio margin program, developing risk policies, and ensuring regulatory compliance. Candidates should have extensive experience in market or margin risk management, familiarity with relevant regulations like FINRA 4210, and strong communication skills. The position offers competitive compensation, health benefits, stock options, and support for a remote work setup.
Required Skills
Benefits
Job Description
Your Role:
The Director of Market Risk Operations will oversee market risk across a diverse range of products and asset classes, with a primary focus on initiatives within a regulated broker-dealer — including the design and oversight of a portfolio margin program. This cross-functional role will also support risk policy development across other lines of business, such as international brokerage entities and digital asset products.
Things You Get To Do:
- Portfolio Margin Risk Oversight:
- Lead the development and implementation of a portfolio margin program, including eligibility criteria, stress testing methodology, and escalation protocols.
- Establish and maintain surveillance and risk monitoring procedures for accounts utilizing portfolio margin.
- Cross-Product Market Risk Governance:
- Develop comprehensive market risk policies across equities, derivatives, and digital assets.
- Ensure frameworks are aligned with regulatory expectations (e.g., FINRA Rule 4210) and internal risk appetite.
- Coordinate across business units to ensure consistent application of risk controls across asset classes and regions.
- Reporting & Risk Communication:
- Define the cadence and structure of market risk reporting to senior leadership, covering concentrations, sensitivities, and stress exposures.
- Support business and product teams in interpreting and responding to risk signals.
- Risk Modeling & Infrastructure:
- Guide the development of risk analytics and modeling tools to evaluate market exposures.
- Work with engineering and data teams to ensure infrastructure supports real-time risk monitoring.
Who You Are (Must-Haves):
- Bachelor’s degree in Finance, Business, Data Science, Statistics, or a related field.
- 8+ years of experience in market or margin risk management across asset classes, with direct experience in a FINRA-regulated broker-dealer environment.
- FINRA Series 7 (or must be obtained within 3 months of employment)
- Proven track record of building or managing a portfolio margin program.
- Deep understanding of market risk drivers, including volatility, concentration risk, and liquidity.
- Familiarity with regulatory requirements including FINRA 4210 and SEC capital rules.
- Experience collaborating across trading, compliance, product, and engineering teams.
- Strong communication skills and ability to influence across organizational levels.
- Strong understanding of financial markets, trading operations, and brokerage services.
- High ethical standards and a commitment to maintaining confidentiality.
How We Take Care of You:
- Competitive Salary & Stock Options
- Health Benefits
- New Hire Home-Office Setup: One-time USD $500
- Monthly Stipend: USD $150 per month via a Brex Card
Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.
Alpaca
Alpaca's easy to use APIs allow developers and businesses to trade algorithms, build apps and embed investing into their services.
See more jobsSafe Remote Job Search Tips
Verify Employer Thoroughly
Research the company's identity thoroughly before applying. Check for a professional website with contacts, active social media, and LinkedIn profiles. Verify details across platforms and look for reviews on Glassdoor or Trustpilot to confirm legitimacy.
Never Pay to Get a Job
Legitimate employers never require payment for applications, training, background checks, or equipment. Always reject upfront payment requests or demands for bank details, even if they claim it's for purchasing necessary work gear on your behalf.
Safeguard Your Personal Information
Protect sensitive data like SSN, bank details, or ID copies. Share this only after accepting a formal, written job offer. Ensure it's submitted via a secure company system or portal, never through insecure channels like standard email attachments.
Scrutinize Communication & Interviews
Watch for communication red flags: poor grammar, generic emails (@gmail), vague details, or undue pressure. Be highly suspicious of interviews held only via text or chat apps; legitimate companies typically use video or phone calls.
Beware of Unrealistic Offers
If an offer's salary or benefits seem unrealistically high for the work involved, be cautious. Research standard pay for similar roles. Offers that appear 'too good to be true' are often scams designed to lure you into providing information or payment.
Insist on a Formal Contract
Always secure and review a formal, written job offer or employment contract before starting work or sharing final personal details. Ensure it clearly defines your role, compensation, key terms, and conditions to avoid misunderstandings or scams.