Head of Risk Management, DriveWealth
$275-325k
+ Equity + Bonus
More information about location
Cloud-based, API-driven brokerage infrastructure
Be an early applicant
Cloud-based, API-driven brokerage infrastructure
201-500 employees
Be an early applicant
$275-325k
+ Equity + Bonus
More information about location
201-500 employees
Company mission
To make investing accessible to anyone, anywhere.
Role
Who you are
- Experience: 10-15 years in Risk Management, with a minimum of 5 years in a senior leadership capacity at a FINRA-registered Broker-Dealer or adjacent financial technology firm
- Financial Mastery: Proven track record in managing Liquidity, Margin, and Trading risk is essential
- Licensing: Relevant FINRA licenses (e.g., Series 7, 24) are highly preferred; Series 4 or 9/10 is a significant plus
- Mindset: An "owner" mentality with the ability to build from the ground up in a fast-paced, high-growth environment
- Digital Asset Expertise (Bonus): Direct experience or deep theoretical knowledge of Stablecoins and Crypto risk, including custodial risk, settlement finality, and 24/7 liquidity challenges
- Options Proficiency (Nice-to-Have): Familiarity with the risk profiles of equity options, including the monitoring of Greeks, multi-leg strategy exposures, and specialized margin requirements
What the job involves
- As the Head of Enterprise Risk Management (ERM) at DriveWealth, you will serve as the architect of a world-class risk infrastructure for the pioneer of "Brokerage-as-a-Service." In an era where financial services are increasingly embedded and API-driven, your role is to ensure that our global expansion is supported by a sophisticated, scalable, and resilient risk ecosystem
- This is a high-impact leadership role requiring a candidate who can bridge the gap between traditional brokerage risk and the future of digital assets
- You will lead the operational risk and financial risk focus areas, translating the complexities of fractional equities, stock loan activities, and liquidity management into a cohesive Enterprise Risk Management framework
- You are not just monitoring risk; you are enabling sustainable innovation by providing the Chief Risk and Compliance Officer and Executive Management with the clarity needed to navigate volatile global markets
- Framework Design: Establish and iterate on the firm-wide ERM program, including the enhancement of the Risk Appetite Statements and associated tolerance thresholds
- Risk Lifecycle Management: Standardize and lead core ERM components: Risk & Control Self-Assessments (RCSAs), Risk Policy creation, and a centralized Issue Management framework
- Control Assurance: Design and oversee a rigorous control assurance program to validate the effectiveness of risk mitigants across all business units, coordinate external SOC and ICOC assessments
- Reporting: Develop sophisticated Key Risk Indicators (KRIs) and executive-level dashboards to provide real-time transparency into the firm’s risk posture
- Liquidity Risk: Oversee the firm’s liquidity risk management framework, ensuring compliance with SEC Rule 15c3-1 and maintaining resilience during idiosyncratic or market-wide stress events
- Margin & Credit Risk: Monitor and set parameters for margin lending, focusing on concentration risk, volatility-based margin adjustments, and the management of unsecured debits
- Stock Loan & Trading Risk: Provide 2LoD oversight for Securities Lending (Stock Loan) activities and principal trading risks associated with fractional share fulfillment
- Risk Operations: Build and lead the risk operations functional area, including vendor risk management, partner and client due diligence
Our take
Robo-advisory products and fractional share trading have expanded the investment industry's reach, attracting a broader audience than ever before. This shift has necessitated a redesign of the fintech industry's infrastructure to meet the growing demand for accessible, efficient investment options.
DriveWealth plays a pivotal role in this transformation by developing APIs that serve over 100 global fintechs, challenger banks, and digital wallets. Its infrastructure enables seamless robo-advisory services and fractional-share trading, giving retail investors access to US markets and offering innovative stock-reward programs. Among its partners are notable companies like Revolut, MoneyLion, and Hemista.
As the company continues to grow, it remains focused on scaling its business by enhancing its technology stack, pursuing strategic acquisitions, and expanding its team. It is well on its way to its ultimate goal of providing tools that empower companies to create investment products that are both accessible and convenient for everyone.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-9% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Aug 2021
$450m
SERIES D
Oct 2020
$56.7m
SERIES C
Total funding: $552.8m
Company benefits
- Health & wellness packages: We’ve built our benefits offering as a holistic package. We provide multiple health insurance carrier options and plans (medical, dental, vision) with access to HSA and/or FSA tax savings tools. We also provide income protection including life insurance, AD&D, short- and long-term disability, as well as extended coverage resources such as fertility benefits and mental wellness resources
- Vacation & time off: To build a successful organization, employees need time away to rest and recharge, so we provide paid time off including paid holidays and unlimited vacation time. We also strongly believe in work-life balance and, therefore, offer fully remote and hybrid work positions based on role requirements
- Professional developmnet: We believe one of the greatest contributions we can make is investing in our employees’ professional development. Therefore, we offer financial support toward continuing education courses, academic coursework, professional conferences, earning professional certifications, and membership fees to professional organizations
Company HQ
Financial District, New York, NY
Leadership
Naureen Hassan
(CEO)Previously President of the Americas at UBS, was on the Board of Governors at FINRA and Partnership For New York City and was the First Vice President of the Federal Reserve Bank of New York.
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