Director, Legal Entity Treasury

About Clear Street:

Clear Street is modernizing 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 minimizing 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’re building the essentials to compete in today’s fast-paced markets.

The Role:

As the Legal Entity Treasurer you will be responsible for overseeing all aspects of treasury operations, financial management, regulatory compliance, collateral optimization, and transfer pricing for our legal entities. This pivotal role requires a seasoned professional with a strong background in finance, risk management, and regulatory compliance within the broker-dealer industry.

Key Responsibilities:

Financial Management:

Develop and execute financial strategies to optimize the allocation of capital, manage liquidity, and maximize returns on investments.

Monitor cash flow, manage banking relationships, and ensure sufficient funding for operational needs and regulatory requirements.

Regulatory Compliance:

Stay abreast of regulatory requirements imposed by governing bodies such as the SEC, FINRA, and other relevant authorities.

Ensure compliance with all applicable laws, rules, and regulations governing broker-dealer activities, financial reporting, and treasury operations.

Treasury Operations:

Oversee the day-to-day treasury functions, including cash management, funding operations, collateral management, and transfer pricing.

Develop and implement policies and procedures to enhance efficiency, control risks, and maintain the integrity of treasury operations.

Collateral Optimization:

Identify opportunities to optimize the use of collateral assets, including securities, cash, and other eligible instruments, to enhance funding efficiency, minimize costs, and maximize returns.

Implement collateral optimization strategies to support trading activities, meet regulatory requirements, and manage counterparty credit risk effectively.

Transfer Pricing:

Develop transfer pricing methodologies for intercompany transactions within the firm's legal entities, ensuring compliance with regulatory requirements and alignment with industry best practices.

Monitor and analyze transfer pricing arrangements to ensure fairness, transparency, and consistency across business units and jurisdictions.

Risk Management:

Identify, assess, and manage liquidity and develop appropriate models to monitor.

Implement risk mitigation strategies and controls to safeguard the firm's financial assets and ensure regulatory compliance.

Requirements:

At least eight (8) years of professional experience in Liquidity Management or Treasury function within a financial services setting

Bachelor degree in Finance, Economics or similar quantitative disciplines

A breadth of experience and understanding of liquidity risk management for our business and product lines

In depth financial market knowledge across equities, fixed income, capital markets and investment banking

Proven track record of developing and maintaining strong relationships with business heads, Risk, Finance, Operations and other corporate functions

Ability to prioritize and handle multiple competing workstreams and issues simultaneously through effectively working with others in Treasury, other internal departments and senior management

Analytical skills to effectively drive execution and take ownership with limited supervision while

Excellent written and verbal communication skills along with the ability to prepare, synthesize and present detailed information to stakeholders across all levels of the organization

Advanced experience with Microsoft Office (Excel, Word, PowerPoint) or Google Suite (Sheets, Slides, Docs)

We Offer:

The Base Salary Range for this role is $170,000 - $250,000. This range is representative of the starting base salaries for this role at Clear Street. Where a candidate falls in this range will be based on job related factors such as relevant experience, skills, and location. This range represents Base Salary only, which is just one element of Clear Street's total compensation. The range stated does not include other factors of total compensation such as bonuses or equity.

At Clear Street, we offer competitive compensation packages, company equity, 401k matching, gender neutral parental leave, and full medical, dental and vision insurance. Our belief has always been that we are better as a business when we are all together in person. As such, beginning on January 2, 2023, we are requiring employees to be in the office 4 days per week. In-office benefits include lunch stipends, fully stocked kitchens, happy hours, a great location, and amazing views.

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

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