Investment jobs in United States

Location: Central London

Type of Contract: Permanent

Reporting to: Head of Risk

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.

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.

• 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.

• 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.

Salary: £150,000 per year

Benefits: Full Health and Pension

Director

Full-time

Finance