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Ivy (getivy.io)

Controller

Posted 6 Days Ago
Be an Early Applicant
In-Office
New York City, NY, USA
200K-300K Annually
Mid level
In-Office
New York City, NY, USA
200K-300K Annually
Mid level
The Controller will build a bank's accounting infrastructure, manage financial statements and regulatory reports, and lead system implementation.
The summary above was generated by AI

Few people get to build a bank from scratch. Even fewer get to build one at a moment when banking itself is being reinvented.


The dollar is the best product in the history of the world, with practically infinite global demand, but distribution is broken. Global clearing runs on legacy banks that are closed 115 days a year, built for humans and take two days to settle. Augustus is the update to the internet era. We received conditional approval from the OCC to charter America’s first stablecoin-native clearing bank that is always open, made for machines, at the speed of compute.


We are a group of operators, unicorn early employees, ex-founders and people who walked away from degrees because they believe this is an industry and career defining opportunity. We're backed with $40M from Peter Thiel’s Valar Ventures, Creandum and founders of Ramp, Deel and Circle.


We are regulated in Europe and live with Euro and Stablecoin clearing today. Now, we are building the US team from the ground up, while continuing to grow rapidly in Europe.

The Role

Most Controllers inherit someone else's system. You're building the whole thing from scratch - the GL, the close, the control environment, the regulatory reporting stack.

That means running the close end to end, producing GAAP financial statements, and filing regulatory reports including call reports and FR Y-9SP. You co-lead the finance systems implementation - GL, subledgers, close tooling, reconciliation infrastructure - and design the internal control environment from the ground up. You coordinate internal and external audits, partner with Risk and Compliance on model governance, and work directly with Product and Engineering on how new launches hit the books. You govern AI-enabled workflows in finance - anomaly detection, reconciliation support, policy drafting - which almost nobody in banking has had to do yet.

Your First Six Months
  • Months 1-2: GL entries are live and source system connections are in place. You've mapped the chart of accounts, established the data governance framework, and the books are running.

  • Months 3-4: Controls effectiveness testing with the external auditor is complete. The control environment you designed is documented and owned.

  • Months 5-6: Close process is established - reconciliations, accruals, flux analysis - and you produce the first Call Report with full supporting documentation. The bank is open.

Who Will Thrive At Augustus

We believe that throwing smart people with high agency at big problems produces the best outcomes. The people who succeed here share the following traits:

  • Relentless: You can't leave something broken. You don't stop because it got hard or because no one is watching.

  • Set The Bar: You're harder on yourself than anyone else would be. You don't need external accountability to care about quality.

  • Shape The Game: You don't wait for a playbook and you don't need one. You walk into genuinely new territory and figure it out. You move before anyone asked you to.

  • Systems First: You don't solve problems by adding people or effort. You build systems that make the problem smaller. Your first instinct is to automate, not to handle it manually.

This role is for you if:

  • You can't leave a control gap unfilled or a reconciliation unexplained. Your documentation holds up under external scrutiny the first time, not after a review cycle.

  • You're as comfortable in an engineering discussion as a finance one. Complex accounting doesn't stay complex when you explain it.

  • You've been waiting for the chance to build a bank's accounting infrastructure from scratch - not inherit someone else's.

  • You find the idea of governing AI-enabled workflows in a regulated environment more interesting than intimidating.

This is not for you if:

  • You need a well-defined scope handed to you on day one.

  • You get nervous about being held accountable for accuracy.

  • You're more comfortable inheriting a system than designing one.

  • You need a large team around you to be effective.

Hard Requirements
  • Experience at a bank or financial institution where net interest income is the primary revenue driver.

  • Hands-on experience with complex balance sheets (loans, deposits, investment securities)

  • GL conversion or new system implementation experience.

  • Strong working knowledge of US GAAP; comfortable researching and taking technical positions independently.

  • In New York or ready to relocate.

Pay transparency:

Compensation packages at Augustus include base salary, equity, and benefits. New hire offers are made based on a candidate's experience, expertise and geographic location. The annual US base salary range for this role is $200,000-$300,000 + equity.

What We Offer
  • Career Growth: You will be given more responsibility and pushed to grow faster than ever before.

  • Network: Your peers are brilliant, highly motivated people. These people will be foundational in your future opportunities.

  • Real Participation: Employees are shareholders. You will think and act like an owner.

  • Perks & Benefits: Relocation support, visa support, the latest Apple gear (MacBook + AirPods), lunch benefit, gym benefit, a beautiful office in the heart of the city, 4x on-/offsites per year, and an annual development budget.

  • Health & Insurance: Our US team receives comprehensive Medical, Dental, and Vision insurance plans. We are offering 401(k) retirement plans.

Augustus is committed to creating an inclusive environment where people from all backgrounds can thrive and where different viewpoints and experiences are valued and respected. Augustus will consider all applications for employment without regard to race, ethnicity, national origin, religious beliefs, gender identity or expression, sexual orientation, neurodiversity, disability, age, parental or veteran status.

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