Director of Market Risk Operations

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. 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 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.