Treasury Manager

This is a fully remote position, open to applicants in United States.

📋 Description

• Prepare and manage daily calculations for customer fund segregation and secured amounts in accordance with CFTC regulations.

• Enhance controls that support customer protection calculations.

• Oversee monthly settlement bank concentration limits and assess counterparty credit conditions across depositories holding customer funds.

• Assist in regulatory reporting, audits, and examinations related to treasury and cash management.

• Work collaboratively with Accounting, Compliance, and Operations to ensure treasury processes are accurate, timely, and compliant.

• Handle daily cash positioning to accommodate customer withdrawals, exchange margin requirements, and regulatory minimums.

• Initiate, review, and authorize wire transfers following internal controls and approval workflows.

• Support margin funding for exchanges and clearinghouses, including both initial and variation margin.

• Monitor liquidity levels and maintain precise records of cash, collateral, and bank balances.

• Develop cash forecasting in collaboration with the Finance team.

• Establish and nurture relationships with banking and payment providers.

• Lead negotiations regarding terms with banks, payment providers, and credit facilities.

• Assist in formulating strategies for excess cash and yield within regulatory and policy constraints.

• Contribute to the development of treasury policies, controls, and authorization frameworks.

• Assess treasury technology requirements and enhance systems, controls, and automation.

• Collaborate with Product and Engineering teams on liquidity planning and product mechanics.

• Partner with Accounting for treasury reporting and reconciliation.

⛳️ Requirements

• Extensive experience in treasury, cash management, or regulatory operations within a regulated financial institution, such as an FCM, broker-dealer, clearing firm, or bank, including managing a treasury function.

• Authentic prior experience in FCM, DCM, and DCO operations, as well as the market-maker side of a business.

• Knowledge of customer protection or reserve-style calculations; experience with CFTC segregation or SEC Rule 15c3-3 is highly applicable.

• Strong expertise in cash management, wire controls, and bank reconciliation.

• Proven experience in negotiating banking and credit facility terms.

• Exceptional attention to detail.

• Ability to thrive in a high-pressure environment with daily deadlines.

• Independent worker who understands the segregation of duties and the importance of remaining distinct from the trading desk.

• Capacity to collaborate effectively with Accounting, Finance, Compliance, Product, and Engineering teams.

• Basic understanding of sports betting, fantasy sports, and prediction markets.

• Bachelor’s degree in Finance, Accounting, or a related field.

• Bonus: Direct experience in preparing daily segregation or secured amount computations.

• Bonus: Experience with bank counterparty credit analysis or depository concentration limits.

• Bonus: Familiarity with CFTC Regulations §1.20–1.32.

• Bonus: Experience using regulatory reporting portals such as NFA WinJammer or FINRA FOCUS.

• Bonus: CTP designation.

• Bonus: Experience in evaluating or implementing treasury management systems.

• Bonus: Contribution to treasury policy and governance in a public company setting.

• Bonus: Background in a high-growth or lean finance team.

🏝️ Benefits

• Unlimited PTO for full-time employees.

• 16 weeks of fully paid parental leave.

• Home office stipend.

• Virtual-first culture with in-person offsites, trainings, and hackathons a few times per year.

• 401k with up to 5% employer match.

• Company-paid health, dental, and vision plan options for employees and their dependents.

• FSA.

• Local meetups and company-sponsored sports events.

• Claude and ChatGPT enterprise accounts.

• Target equity.