Financial Risk Lead, DriveWealth

• Success requires an independent, proactive leader who can quantify exposure credibly, challenge the first line without stalling it, and translate financial risk into decisions the business will act on
• 10+ years in financial risk management, with substantial experience at a broker-dealer, clearing firm, prime broker, or comparable regulated environment, and prior ownership of a risk program
• Direct experience across market, credit, liquidity, and counterparty risk, ideally including securities lending and margin
• Demonstrated experience building margin policy, stress testing methodology, and scenario design, not only running an inherited model suite
• Working knowledge of clearing and settlement mechanics, including NSCC and DTCC exposure and clearing fund dynamics
• Practical fluency with agentic AI applied to risk work, with real examples of what you have built or deployed
• Strong quantitative capability with the tooling to apply it: Python or SQL, comfort working directly with large datasets and BI and data visualization software
• Strong, practical understanding of SEC, FINRA, CFTC, and NFA requirements relevant to financial risk and net capital
• Excellent written and verbal communication, including the ability to write for a Board audience and the judgment to know when a number is the wrong answer

Desirable

• Reporting to the Head of Risk Management, the Lead of Financial Risk owns second-line oversight of market, credit, liquidity, and counterparty risk across the firm
• You will build the financial risk appetite and limit framework, establish the governance that sits around it, and carry meaningful visibility with executive leadership and the Board
• This is a builder's role in an environment where the risk profile is still taking shape
• Fractional inventory, multi-currency partner funding, stablecoins, and tokenized settlement do not map cleanly onto conventional broker-dealer risk methodology, and you will be expected to build defensible frameworks without waiting for the market or the regulators to settle the question
• You will partner closely with Treasury, Trading, Operations, Finance, Engineering, and Compliance, which separately owns programs that integrate with the firm-wide financial risk framework
• Build and Own the Financial Risk Framework
• Build the financial risk appetite statement, limit framework, and supporting policies from the ground up
• Establish and lead the financial risk forum, with clear decision rights and limit breach escalation that has teeth
• Own financial risk reporting to the Global Risk Committee and the Board
• Establish escalation protocols and independent challenge over first-line risk-taking
• Own the Margin Program
• Build the enterprise margin policy, including decision authority, exception management, and supporting KRIs
• Establish margin portfolio stress testing and scenario design, and put it into practice through exposure limits and loss budgets
• Define risk mitigation practices for margin call sellouts, option expiration exposure, and concentrated position risk
• Protect Liquidity, Capital, and Market Access
• Partner with Treasury on the liquidity risk framework covering intraday funding, clearing and settlement obligations, and stress scenarios including partner-driven withdrawal and redemption surges
• Own second-line oversight of market access and pre-trade risk controls, including credit and capital thresholds, order and position limits, and kill switch governance across partner integrations
• Partner with Finance and Regulatory Reporting to build objective, data-driven views of net capital, capital adequacy, and clearing fund and NSCC/DTCC exposure that drive action rather than readouts
• Own Counterparty, Credit, and Market Risk
• Build the counterparty risk framework covering securities lending, clearing and settlement counterparties, banking relationships, and partner credit exposure, including due diligence, ongoing review, and concentration limits
• Own credit risk arising from margin lending and partner receivables
• Extend market risk coverage to exposures specific to our model, including derivatives trading, fractional share inventory and principal positions, and currency exposure from international partner funding, which requires bespoke treatment
• Build the Framework for Digital Assets and Tokenization
• Own financial risk for digital asset and tokenized activity, including stablecoin reserve and redemption risk, issuer and custodian counterparty risk, and settlement risk in tokenized environments
• Assess how tokenized settlement changes liquidity, credit, and operational exposure relative to conventional clearing
• Develop a forward view of how the firm's financial risk profile shifts as these products scale, and bring it to the business early enough to shape the design
• Build the Analytics and Lead the Team
• Hire and develop the financial risk team and build the quantitative capability to support the program as it matures
• Use agentic AI for continuous counterparty monitoring, automated exposure aggregation and limit breach detection, and faster scenario construction, so the team spends its time on judgment rather than assembly
• Scale the program through tooling leverage rather than headcount