Head of Treasury Risk

ClearToken; City of London; On-site; GBP 127,000 - 150,000; Full time

Job summary

A financial services company in Central London is seeking a Head of Treasury Risk to join their first line risk team. The successful candidate will ensure compliance in submission processes to the Bank of England and design the treasury risk management function post-authorisation. The role demands over 10 years of experience in finance, strong interpersonal skills, and some IT proficiency. This full-time position offers an annual salary of £150,000, alongside health and pension benefits.

Benefits

Full Health

Pension

Qualifications

• 10+ years of experience in the finance industry.
• Experience in first or second line risk management.
• Some IT skills including risk model design and maintenance.

Responsibilities

• Act as Risk SME prior to CCP go-live.
• Ensure compliance of regulatory submissions.
• Design reporting systems for treasury risk monitoring.

Skills

Technical/scientific/mathematical background

Experience in finance industry

Knowledge of risk management frameworks

Treasury management experience

IT skills: Python, Excel, VBA

Job description

Head of Treasury Risk

Location: Central London

Type of Contract: Permanent

Reporting to: Head of Risk

Overview

ClearToken CCP is seeking a Head of Treasury Risk to sit within the first line risk team, reporting to the Head of Risk. ClearToken is building a Central Counterparty (CCP) for the digital markets, offering the benefits of traditional market structure concepts of centralised clearing and settlement for emerging digital assets. We aim to remove counterparty risk across settlement and transaction processes by enabling all participants to face the CCP rather than each other. Our goal is to streamline transactions, increase capital efficiency and reduce risk.

Role Description

This is a key role in the risk team of a firm applying for recognition as a CCP with the Bank of England. Whilst the application process is ongoing (expected to take several months) the candidate should act as Risk SME, covering the full range of first line risk activity required to complete a detailed and demanding regulatory application. The role will involve early responsibility in a close‑knit, high performing team serving a dynamic, fast changing industry.

Experience in liquidity risk and liquidity management would also be an advantage. Applicants will have strong technical experience, come from a financial background, and have experience in areas such as market or Treasury, XVA, model validation and back‑testing, quantitative analysis, margin model design, regulatory engagement, policy writing, and the enterprise risk management framework. ClearToken is a dynamic environment and being able to work closely with colleagues from other disciplines to land key commercial and regulatory goals will be vital. Strong interpersonal skills and the ability to work on projects extending beyond just the risk discipline are vital.

Role Objectives

• Act as a Risk SME prior to go‑live as a regulated CCP in the UK, ensuring all risk aspects of the CCP submissions to the Bank of England are successfully completed.
• Ensure all regulatory submission self‑assessments are correct and fully completed across all submissions.
• Author Collateral, Liquidity and Investment Area of Interest Submissions, Default Management Submission and provide additional advice for Capital and Wind‑down Submission.
• Provide timelines and planning, agreed with the BoE, regarding when Treasury and liquidity capabilities will be delivered pre‑submission, pre‑mobilisation and post‑mobilisation.
• Work as part of the wider risk team where backfill is required, particularly in a small organisation with limited or no income.
• Once CCP authorisation is achieved, focus on standing up the treasury risk and liquidity management function:
• Design ledger reporting from NRTC to support risk liquidity monitoring and advise on systems and controls to be put in place.
• Ensure execution of investment meets ClearToken’s goals and regulatory requirements, including CCP Skin‑in‑the‑Game and Member Collateral constraints.
• Advise on any systems required for Treasury Management, including custom reporting solutions.
• Ensure collateral management meets risk monitoring requirements, allows members to track balances, and meets concentration, type, liquidity, and other ClearToken goals.
• Run required stress testing and default management testing of the Treasury function.
• Coordinate liquidity provision, balance sheet reporting and regulatory capital reporting with Finance and the CFO, who are key stakeholders.
• Plan for future resourcing of the Treasury/Treasury Risk Team.

Qualifications and Skills

• A strong technical/scientific/mathematical background from education or experience.
• 10+ years experience in the finance industry or financial market infrastructure.
• Experience in one or more of the following disciplines:
• First line risk and/or second line risk (including Risk and Controls Self‑Assessment and Enterprise Risk Management Frameworks), ideally at a CCP.
• Treasury management and collateral optimisation at a financial firm.
• Cryptocurrency/digital asset experience helpful but not vital.
• Some IT skills; Python, Excel, VBA, database; experience in design, creation and maintenance of risk or trading models.

Compensation and Benefits

Salary: £150,000 per year

Benefits: Full Health and Pension

Seniority Level

Director

Employment Type

Full-time

Job Function

Finance