Phaxis · 1 day ago
Director, Prime Brokerage & Margin Risk
New York, NY
Full-time
Hybrid
Director/Executive
8+ years expPhaxis is seeking a Director to oversee Prime Brokerage, Portfolio Margin, and counterparty exposure risk across the firm's equities, options, and fixed income businesses. The role involves daily monitoring of leveraged client portfolios and assessing margin adequacy while ensuring client risk remains within established limits.
DeliveryHuman ResourcesStaffing Agency
Responsibilities
Assess margin requirements and stress loss exposure for Prime Brokerage and Portfolio Margin client portfolios
Perform daily monitoring of client leverage, concentration risk, and potential liquidation exposure across equity, options, and fixed income products
Recommend appropriate risk limits and ensure monitoring processes are in place to detect and escalate limit breaches
Conduct due diligence on new Prime Brokerage / Portfolio Margin client relationships, including portfolio composition, trading strategy, and liquidity considerations
Partner with front-office and operations teams to proactively manage and resolve margin or exposure exceedances
Monitor credit and exposure risk across repo, securities lending, direct prime brokerage, and correspondent clearing activities
Track margin deposits and liquidity exposure at central clearing counterparties, including DTC, NSCC, OCC, and FICC
Quantify the potential impact of new transactions, increased trading activity, or new client relationships on CCP margin requirements
Support firm-wide liquidity awareness by identifying scenarios that may result in increased margin or collateral demands
Monitor global macroeconomic and market conditions and assess the impact of significant market events on client portfolios and firm exposure
Perform stress scenario analysis to evaluate potential losses and liquidity strain under adverse market movements
Investigate and reconcile portfolio valuations, mark-to-market discrepancies, and yield curve movements to mitigate risk
Ensure business activities operate within approved risk guidelines and escalate concerns or breaches to senior management
Contribute to the development and enhancement of risk frameworks, policies, and procedures related to margin, counterparty, and liquidity risk
Maintain regular engagement with internal stakeholders and key external counterparties
Qualification
Required
8+ years of experience in Prime Brokerage risk, margin risk, counterparty risk, or clearing-related risk functions within a broker-dealer or clearing firm
Direct experience managing or monitoring Portfolio Margin and/or Prime Brokerage client exposure
Strong understanding of leveraged trading risk, margin methodologies, and liquidation dynamics
Hands-on experience with repo and/or securities lending exposure is strongly preferred
Familiarity with central clearing counterparties (NSCC, OCC, FICC, DTC) and margin / collateral mechanics
Ability to assess risk in real time and make sound judgment calls in fast-moving market environments
Strong communication skills with experience escalating risk issues to senior management
Preferred
Experience supporting liquidity risk or funding considerations related to margin and collateral
Prior exposure to hedge fund clients, active traders, or institutional brokerage relationships
Understanding of equity derivatives, options, and fixed income instruments from a risk perspective
Experience working in a lean or high-responsibility risk function
Company
Phaxis
Phaxis is one of the nation's leading recruiting and consulting firms.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Seth Friedland
Co-Founder and CEO
E
Erik DiGiacomo
President
Company data provided by crunchbase