Chief Risk Officer in Fort Lauderdale, FL at TradeStation

Date Posted: 4/4/2018

Job Snapshot

Job Description

Chief Risk Officer
Plantation, FL or Chicago, IL
 
The Chief Risk Officer will expand, and provide “hands-on” direction for, COSO Enterprise Risk Management for consolidated business and operations of TradeStation Group, Inc. (the “Company”), with particular focus on (a) market and credit risk for an agency self-clearing broker-dealer/FCM, and (b) operations/IT risk for a self-clearing broker-dealer/FCM that relies heavily on its own proprietary software and IT systems (and IT generally, including significant third-party vendor relationships, including FIS for clearing and settlement processing and accounting, stock and futures exchanges, accounting and customer relationship management systems, etc.). The Chief Risk Officer will report at least quarterly, and as needed intra-quarter, to the Board of Directors and President of the Company, and be part of ongoing integrated meetings of executives in Legal, Compliance, Internal Audit and Risk under general supervision of Chief Legal Officer.


ESSENTIAL JOB FUNCTIONS:

  • Enterprise Risk Matrices and Risk Registers, Risk Reports (including breach logs, change recommendations, and root cause analyses), Risk Management Program and Risk Committee Charters; risk management governance generally
  • Evaluation and recommendations for improvement in all risk areas
  • Evaluation and recommendations for improvement of risk parameters and tolerance limits in all areas
  • Ability to proactively identify and address risk in real time based on economic, industry and other relevant trends or events
  • Chair risk oversight committee(s) and participate in each vertical risk/sub-committee
  • Ensure that the organizational structure and competencies, along with tools and processes, are designed and deployed to ensure the Company is effectively managing towards its enterprise risk management objectives in all high risk areas
  • Work closely with Internal Audit and Compliance to ensure that risk processes are effective and compliant with regulatory risk rules (SEC, CFTC, Exchanges, etc.)
  • Work closely with executives in administration, legal, compliance and internal audit, as well as first-line business owners, to maximize effectiveness of risk management, including  procedures for both ongoing/continuous risk areas and new product and service offerings


KNOWLEDGE, SKILLS & ABILITIES:
  • Strong planning and organizational skills, with an ability to establish a strategic direction and subsequently outline initiatives and develop priorities in support of that vision
  • Well-versed in all forms of federal, state and SRO regulatory compliance issues
  • Excellent communication skills.
  • Demonstrated ability to motivate and manage a diverse team toward strategic goals of the risk management function
  • Demonstrated ability to build consensus across various constituencies and achieve results through the efforts of others


EDUCATION & EXPERIENCE:
  • Bachelor's degree
  • 10+ years of experience, including at a senior level in brokerage industry
  • Deep expertise in market and credit risk in equities and derivatives markets
  • COSO Enterprise Risk Management