Topstep · 2 weeks ago
Senior Manager of Live Prop & Brokerage Risk
United States
Full-time
Remote
Senior Level
$140K/yr - $150K/yr
5+ years expTopstep is a company focused on risk management in trading environments, and they are seeking a Senior Manager of Live Prop & Brokerage Risk. This role is responsible for leading the Risk department, ensuring effective risk monitoring, and aligning risk initiatives with organizational strategy and regulatory requirements.
ConsultingEducationFinancial ServicesStock ExchangesTrading Platform
No H1B
Responsibilities
Lead and develop the Risk department, including Managers of Risk and their teams
Ensure real-time risk monitoring frameworks are effective, scalable, and compliant
Oversee policies and controls governing live trading exposure and liquidation practices
Drive cross-department collaboration to strengthen firm-wide risk resilience
Continuously improve processes, systems, and data-driven decision-making across the Risk function
Provide vision, structure, and leadership for the Risk team, ensuring consistency in performance and decision-making across all levels
Manage and mentor Managers of Risk, guiding team development, accountability, and succession planning
Establish and maintain departmental KPIs, performance goals, and reporting standards
Partner with senior leadership to align risk initiatives with broader organizational strategy and regulatory priorities
Anticipate and prepare for evolving risk exposures resulting from market, operational, or technological changes
Supervise the execution and escalation of all risk controls, including margin enforcement, liquidation events, and exposure monitoring
Oversee trader activity in both simulated and live environments, ensuring adherence to firm policy and regulatory expectations
Review and approve complex or high-impact risk events, escalations, and exceptions
Lead post-event reviews and implement corrective actions to prevent recurrence
Maintain close communication with the Desk, Compliance, and Engineering teams to address system gaps or process inefficiencies
Set and maintain the firm’s risk management policies, ensuring alignment with CFTC and NFA requirements
Oversee the documentation and retention of all risk communications, margin events, and liquidation records
Partner with Compliance to manage audits, regulatory inquiries, and internal reviews
Maintain a proactive and transparent risk governance framework with clear escalation channels
Partner with the Engineering and Analytics teams to enhance automated monitoring, alerting, and reporting capabilities
Drive improvements in real-time data accuracy, reconciliation efficiency, and audit traceability
Analyze key metrics to identify systemic issues, inefficiencies, or opportunities for automation
Oversee vendor relationships for risk and data systems, ensuring performance and scalability
Collaborate with Product, Compliance, and Research teams to ensure risk processes support innovation while maintaining control integrity
Communicate market insights, risk trends, and operational priorities to leadership and cross-functional partners
Advocate for continuous improvement, ensuring the Risk team remains adaptable to industry and market shifts
Qualification
Required
5-10 years of experience in brokerage, proprietary trading, or FCM risk management, with at least 3 years in leadership
In-depth knowledge of CFTC and NFA regulatory frameworks, including margin, supervision, and recordkeeping
Proven experience managing teams responsible for real-time risk monitoring or trade supervision
Strong analytical and data management capabilities, with proficiency in Excel and business intelligence tools
Demonstrated success in building and optimizing processes across cross-functional teams
Excellent communication, leadership, and decision-making skills, particularly under pressure
Experience working with professional financial institutions in the Professional side of the Futures Trading Industry
Strong sense of accountability, integrity, communication, and ethics
Advanced Excel skills
Series 3 license is required
Bachelor's degree in a relevant field
Preferred
Background in FCM or proprietary trading firm risk management
Experience with SQL, Python, Power BI, or Tableau for risk analytics
Familiarity with risk monitoring platforms (T4, CQG, TT, or similar)
Experience leading system modernization or automation initiatives within a risk function
Benefits
10 Company paid Holidays and generous Family Leave.
Paid time off is accrued monthly.
Competitive 401(k) matching, health, dental, and vision insurance is offered for full time employees.
Vacations are encouraged with a bonus for taking 5 consecutive days.
Employee referrals are bonused.
Topstep offers a food and groceries budget and contributes towards health and wellness.
Company
Topstep
Topstep is a financial organization that enables resource traders to develop and learn in the trading industry.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Michael Patak
Founder & CEO
Recent News
2026-01-13
2026-01-12
Company data provided by crunchbase