Director/Head of Treasury Operations, DriveWealth
$160-225k
More information about location
4+ days a week in office (Financial District, NY)
Cloud-based, API-driven brokerage infrastructure
Be an early applicant
Cloud-based, API-driven brokerage infrastructure
201-500 employees
Be an early applicant
$160-225k
More information about location
4+ days a week in office (Financial District, NY)
201-500 employees
Company mission
To make investing accessible to anyone, anywhere.
Role
Who you are
- Qualified candidates will bring deep expertise in treasury operations and cash management with a proven track record of leading high-performing teams
- 10+ years of experience in finance
- 5+ years of experience in treasury and/or cash management
- Securities Industry Essentials (SIE) and Series 99/7 licenses
- Ability to effectively communicate with stakeholders across all levels from peers to senior leadership
- Demonstrated ability to develop and enhance cash management processes
- Proven leadership capability with a track record of driving cross-functional collaboration at scale
- Exceptional organizational and analytical skills
- Ability to be in the NY office at least 4 days a week
What the job involves
- We are seeking a Director to lead and scale our Treasury Operations function at DriveWealth
- In this role, you will own the strategy and ongoing optimization of how client and firm funds move through the organization, while focusing on risk mitigation and liquidity
- This is a critical leadership role where you will build scalable processes and guide the team through the company's growth and success
- Serve as the main point of contact between operations, business, technology, and finance departments to ensure clear communication and collaboration on critical cash management matters like settlements and clearing
- Lead and mentor a team that focuses on managing the daily cash requirements and settlements of DriveWealth and its clients
- Oversee cash settlements, ensuring accuracy and compliance with regulatory requirements
- Analyze and explain changes in cash positions, identify trends and provide insights to relevant stakeholders
- Mitigate risks and implement efficiencies associated with cash management activities, ensuring compliance and best practices are maintained
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 support the growing demand for accessible and 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 the 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. And 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
Colgate Center, Jersey City, NJ
Leadership
Robert S. Cortright
(Founder)Co-founded FX Solutions (acquired by Francisco Partners) in 2001 and served as CEo for 9 years. They also co-founded En-to-End Technology Projects in 2008.
Salary benchmarks
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