Vice President of Margin/Risk

We are seeking an experienced and highly qualified Vice President of Margin/Risk to join Siebert Financial. This role is critical in overseeing and managing client equity, options, and margin risk functions within our firm. The successful candidate will be responsible for developing and implementing comprehensive risk management frameworks, ensuring compliance with regulatory standards, and optimizing margin practices to enhance overall financial performance. This position requires a strategic thinker with a deep understanding of the financial markets, risk analytics, and regulatory environments. The VP of Margin/Risk will work closely with senior leadership to identify potential risks, assess the adequacy of risk controls, and propose strategic initiatives aimed at risk mitigation while ensuring a commercially competitive approach. Additionally, this role demands strong leadership capabilities, as the individual will work cross-functionally with a team of professionals and foster a culture of continuous improvement and risk awareness within the organization. The individual in this role will serve as a key liaison with key stakeholders, including regulatory bodies, to ensure the organization’s risk management strategies align with industry best practices. If you are a dedicated professional with a passion for financial risk management and a desire to lead strategic initiatives, we encourage you to apply for this exceptional opportunity.

Responsibilities

• Oversee the development, implementation, and continuous improvement of the organization's risk and margin management frameworks.
• Lead a team of risk professionals in assessing and mitigating financial risks across all relevant business units.
• Collaborate with senior leadership to establish and monitor risk appetite, ensuring alignment with organizational goals.
• Conduct thorough analyses of market trends and their implications for financial risk and margin requirements.
• Ensure compliance with regulatory standards and internal policies, addressing any identified gaps or deficiencies.
• Develop and present comprehensive risk reports to senior management and stakeholders, highlighting key risks and mitigation strategies.
• Establish relationships with external partners, including regulators, vendors, industry associations, and competitors to stay abreast of industry changes and best practices.

Requirements

• Bachelor’s Degree in Finance, Risk Management, Business Administration, or a related field; a professional designation such as FRM or CFA is preferred.
• Minimum of 10 years of experience in risk management within the financial services industry, with a focus on margin and options.
• Proven track record of developing and implementing risk management frameworks and strategies in a complex operational environment.
• In-depth knowledge of regulatory requirements related to financial risk management and margining practices.
• Strong analytical skills with the ability to interpret complex financial data and make informed decisions.
• Excellent leadership capabilities with experience managing and developing high-performing teams.
• Exceptional communication and interpersonal skills, with a history of collaborating effectively with diverse stakeholders.