Director - Swap Dealer Regulatory Finance

About Clear Street: 

Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets.

We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market. Clear Street’s proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimizing risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency.

By combining highly-skilled product and engineering talent with seasoned finance professionals, we’re building the essentials to compete in today’s fast-paced markets.

 

Position Overview

We are seeking a highly experienced finance professional to support the registration and ongoing financial oversight of our CFTC-registered Swap Dealer. This individual will play a critical role in coordinating the financial and operational components of the swap dealer registration process, including development of regulatory capital frameworks, policies and procedures, and financial reporting infrastructure.

The individual will work closely with Legal, Compliance, Risk, Operations, Treasury and Technology teams to establish and maintain a robust financial control environment that meets CFTC, NFA, and SEC regulatory requirements applicable to registered Swap Dealers.

This position requires deep expertise in financial services regulation, regulatory capital, derivatives markets, and financial reporting within regulated entities. Given our strategic focus on digital assets derivatives and crypto swaps, the role will also support the financial regulatory framework surrounding crypto-linked derivatives and related market infrastructure.

 

Key Responsibilities

Swap Dealer Registration & Buildout

Lead and coordinate finance workstreams related to the CFTC Swap Dealer registration process, including:

• Supporting the design and implementation of the regulatory capital framework in accordance with applicable CFTC capital rules (e.g., CFTC 23.101 / SEC 18a-1 where applicable).
• Assisting with preparation of financial policies, procedures, and internal controls required for registration.
• Partnering with Legal, Compliance, Risk, Operations, Treasury and Technology teams and external advisors to ensure operational readiness of the Swap Dealer entity.
• Supporting regulatory filings and documentation required for NFA membership and CFTC registration.
• Designing processes for daily regulatory capital monitoring.
• Building the financial reporting infrastructure needed for regulatory filings and financial statement preparation.
• Assisting with implementation of books and records frameworks compliant with CFTC recordkeeping requirements.

 

Regulatory  Capital & Financial Compliance

Oversee the ongoing financial regulatory framework for the registered Swap Dealer, including:

• Daily net capital / financial resource calculations in accordance with CFTC capital requirements.
• Monitoring compliance with CFTC minimum capital thresholds.
• Preparation and review of monthly and quarterly regulatory filings.
• Maintaining regulatory books and records.
• Establishing financial regulatory policies and procedures.
• Supporting regulatory examinations and inquiries from the CFTC and NFA.
• Coordination with external auditors and internal audit.

 

Regulatory Reporting

Lead the preparation and submission of required financial reports, including:

• Monthly and quarterly Swap Dealer financial and regulatory filings.
• Financial schedules required by CFTC and NFA.
• Internal reporting of regulatory capital and financial resources.
• Coordinate responses to regulatory inquiries and examinations.
• Maintain reporting calendars and regulatory submission processes.

 

Controls & Governance

• Develop and maintain internal controls around regulatory capital and reporting.
• Ensure compliance with CFTC and NFA financial requirements.
• Assist with implementation of risk management and financial monitoring frameworks.
• Partner with operations, compliance, and treasury to ensure accurate reporting.
• Establish and improve reporting workflows and strengthen documentation.
• Support regulatory exams and internal audits.

 

Crypto & Digital Asset Derivatives

Support the financial oversight of crypto-linked swap activity, including:

• Designing financial controls and reporting frameworks for digital asset derivatives.
• Monitoring capital implications of crypto-based swap exposures.
• Ensuring appropriate accounting and regulatory treatment of crypto-related derivative transactions.
• Supporting our broader strategy in digital asset markets and derivatives infrastructure.
• Coordinating with Risk, Treasury and the Business on margin, collateral, and liquidity management for crypto derivatives.

 

Required Qualifications

• 8–15+ years of experience in financial services, regulatory finance, or broker-dealer / derivatives finance. Ideally with a Series 27.
• Strong experience with regulated derivatives businesses.
• Direct experience with CFTC, NFA, broker-dealer, or swap dealer regulatory frameworks.
• Expertise in regulatory capital calculations and financial reporting.
• Deep understanding of OTC derivatives markets and swap products.
• Experience building or operating finance functions within regulated entities.

 

Preferred Qualifications

• Digital asset experience:
• Experience with digital asset markets, crypto derivatives, or digital asset trading infrastructure.
• Familiarity with crypto swaps, perpetuals, or other digital asset derivative products.
• Understanding of margining, collateral, and risk management in crypto derivatives markets.
• Experience with SEC Rule 18a-1 / Security-Based Swap Dealer capital requirements.
• Experience implementing regulatory frameworks from scratch.
• Strong knowledge of U.S. GAAP financial reporting.
• Experience in multi-entity financial services environments.

 

Key Competencies

• Ability to operate in a build-out environment.
• Comfort working in fast-moving markets such as derivatives and digital assets.
• Strong cross-functional leadership.
• Excellent regulatory and financial analytical skills.
• Strong regulatory and technical accounting expertise.
• High attention to detail and accuracy.
• Ability to manage competing deadlines in a regulated environment.
• Clear and confident communication with upper management, regulators and auditors.

 

We Offer:  

The Base Salary Range for this role is $160,000-$215,000. This range is representative of the starting base salaries for this role at Clear Street. Where a candidate falls in this range will be based on job related factors such as relevant experience, skills, and location. This range represents Base Salary only, which is just one element of Clear Street's total compensation. The range stated does not include other factors of total compensation such as bonuses or equity.

At Clear Street, we offer competitive compensation packages, company equity, 401k matching, gender neutral parental leave, and full medical, dental and vision insurance. Our belief has always been that we are better as a business when we are all together in person. As such, we are requiring employees to be in the office 4 days per week. In-office benefits include lunch stipends, fully stocked kitchens, happy hours, a great location, and amazing views.

Our top priority is our people. We’re continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse — in ideas, in cultures, and in experiences. We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer.