Head of Product Control & IPV

Clear Street’s mission is to give every sophisticated investor access to every asset, in every market, through a unified platform built for speed, transparency and scale.

We give our clients the technology, tools, and service once reserved for the largest institutions, rebuilt with modern infrastructure. Our single, cloud-native, end-to-end capital markets platform powers investor growth today and is transforming how they can interact with markets tomorrow.

For more information, visit https://clearstreet.io.

This is a foundational hire. Clear Street is seeking a highly experienced product control professional to build and lead the firm's Product Control function from the ground up. You will own independent price verification (IPV), daily P&L production and sign-off, and the broader product control framework across one of the most diverse product sets at any firm of our size. You will work directly with Finance leadership and partner tightly with Trading, Risk, Operations, and Technology.

The role requires a rare combination: deep technical expertise in derivatives valuation and structured products, the organizational capability to build a function, and the willingness to be hands-on in a lean team environment. You will initially manage one existing analyst while building out the team over time as the business scales.

Product Control Build-Out

• Design and implement the firm's end-to-end Product Control function, including policies, procedures, controls framework, and governance.

• Establish the IPV framework across all asset classes: equities, listed options, fixed income, futures, OTC derivatives (IRS, CDS, equity swaps, TRS, FX), synthetic financing, crypto, and prediction markets.

• Define escalation protocols, P&L threshold tolerances, and price challenge procedures in coordination with Risk and Trading.

• Partner with Technology to scope and implement a fit-for-purpose product control platform, replacing or augmenting existing tooling.

• Build out the team over time, defining roles and hiring as business complexity warrants.

Daily P&L & Revenue Reporting

• Own daily P&L production, attribution, and sign-off across all business lines: Cash Equity, Listed Option, Futures, Financing (cash and synthetic), Stock Loan, and Crypto.

• Oversee P&L validation with desk heads prior to release; manage and resolve P&L disputes with traders.

• Oversee the existing analyst who performs daily revenue reporting and supports month-end close.

• Ensure accurate new trade capture and P&L explain across all books.

Independent Price Verification (IPV)

• Design and operate robust IPV processes using independent market data sources (broker quotes, vendor marks, traded prices, model outputs).

• Establish and document valuation methodologies for each asset class, with particular rigor on OTC and hard-to-price instruments.

• Challenge front-office marks where appropriate; maintain and defend an audit trail.

• Develop price testing tolerance grids and escalation matrices in coordination with Risk and CFO.

Derivatives & SBSD / OTC Swap Dealer Readiness

• Build controls and IPV frameworks for OTC derivatives including equity swaps, TRS, variance swaps, basket products, and other structured instruments as the business scales.

• Partner with Legal, Compliance, and Risk on Dodd-Frank / CFTC reporting, margin, and booking requirements.

• Support the build-out of the Security-Based Swap Dealer (SBSD) and OTC Swap Dealer infrastructure and control requirements from a product control