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We are seeking an Assistant Vice President to join our Credit Risk Control function, supporting the firm's broker-dealer’s trading activities with Counterparties. This role is central to ensuring the firm's pre-trade and post-trade risk controls comply with SEC Rule 15c3-5 (the Market Access Rule) and internal risk appetite, working closely with Technology, Compliance, and Trading Desk stakeholders.
Responsibilities
Own and monitor daily credit and capital thresholds under SEC Rule 15c3-5, including client-level, desk-level, and aggregate market access limits
Design, calibrate, and periodically review pre-trade risk controls (order size, notional, price collar, message rate, and erroneous order checks) in coordination with electronic trading and technology teams
Investigate limit breaches, exception reports, and control overrides; escalate material issues per governance protocol
Partner with Compliance on the annual CEO certification process required under 15c3-5, including documentation of control effectiveness testing
Support onboarding of new clients/counterparties by setting risk-based credit limits and market access parameters
Monitor counterparty exposure (gross and net), margin/collateral sufficiency, and concentration risk across products
Produce regular MI/reporting for senior management, Risk Committee, and regulators (FINRA, SEC) on market access control performance
Contribute to control enhancement projects, including automation of limit monitoring and real-time surveillance tooling
Stay current on regulatory developments affecting market access, algorithmic trading controls, and broker-dealer risk management
Provide Reporting on limit usage, reporting on breaches and escalation to Senior management
Qualifications
3–4 years of experience in credit risk, market risk, or risk control functions at a broker-dealer, bank, or trading firm
Direct working knowledge of SEC Rule 15c3-5 and pre-trade risk control frameworks (required)
Familiarity with front office Order Management Systems (OMS) and how limit checks integrate with trading workflows (required)
Familiarity with FINRA rules related to supervision of algorithmic trading and market access (e.g., Rule 3110, guidance on effective supervisory procedures)
Understanding of counterparty credit risk concepts: exposure measurement, margin/collateral, netting, and limit-setting methodologies
Experience with electronic trading infrastructure or FIX protocol a plus
Strong SQL/Python/Excel/Power BI skills for data analysis and control monitoring
Bachelor's degree in Finance, Economics, Mathematics, or related field; relevant certifications (FRM, CFA) a plus
Excellent communication skills; ability to work cross-functionally with Trading, Technology, Compliance, and Legal
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