DriveWealth Logo

DriveWealth

Head of Risk Management

Posted 19 Days Ago
Be an Early Applicant
Hybrid
New York, NY, USA
275K-325K Annually
Expert/Leader
Hybrid
New York, NY, USA
275K-325K Annually
Expert/Leader
Lead the development and implementation of a world-class Enterprise Risk Management framework, focusing on operational and financial risks related to investment services while ensuring regulatory compliance and innovation.
The summary above was generated by AI
About Us

DriveWealth is on a mission to make investing easier. We believe that everyone should have the ability to control their financial future, and that access to financial markets should not be limited by geography, wealth, or legacy systems. We are a global B2B financial technology organization dedicated to democratizing access to financial independence around the world. Our mission is realized through an API-based platform, empowering our partners to offer seamless investing and trading experiences to clients worldwide, all from their mobile devices. Our technology provides partners with a modern, extensible toolkit, enabling traditional investment workflows and innovative techniques like fractional share ownership. DriveWealth has evolved into a global platform offering trading of US equities, mutual funds, ETFs, fixed income, and options.

There’s never been a better time to build a category-defining business and there has rarely been a team better positioned for this opportunity. Our culture blends the pace and agility of a fintech start-up with the impact, stability, and discipline of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. Join us and help build the future of global investing!

About the Role

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.


What You’ll Do

  • 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.

You Bring

  • 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.
New York, NY Pay Range
$275,000$325,000 USD
Working at DriveWealth

We do our best work when we’re in the same room. To maintain the speed our partners expect, our New York and Chicago teams work in-office 4 days a week. We’ve found that being physically side-by-side is the only way to solve complex problems in real-time and stay truly accountable to the products we ship. When you’re here, you’re working directly with the people making the decisions. To support that work, we provide competitive compensation, equity, and a 401(k) match. We also offer full insurance coverage, a wellness reimbursement, a company-provided phone, and a personal development allowance. Finally, we value the time you spend away from the office with generous PTO, observed holidays, and extended leave.

Work Authorization

Applicants must possess the legal right to work in the country where the position is located at the time of application. DriveWealth requires all employees to provide original documentation verifying their work authorization on or before their first day of employment.

For US-based roles: Applicants must be currently authorized to work in the United States on a full-time basis without the need for current or future visa sponsorship. DriveWealth does not provide visa sponsorship or support for employment authorization, including transfers, at this time. Offers of employment are strictly contingent upon an individual’s ability to secure and maintain the legal right to work at the Company.

How We Think About AI

We leverage AI to work smarter and move faster. We seek AI-curious talent who are proactive about using emerging tools to increase signal quality, reduce friction, and improve outcomes to deliver products faster, provide better service to our partners, and to streamline processes. Your ability to leverage our internal tools and technology to drive results is as important to us as your core domain expertise.

Compensation

Pay is generally based on the level, complexity, responsibility, location, and job duties/requirements of the specific position. We then source candidates with the requisite skills, expertise, education, training, and experience.  If you are selected for an interview, please feel welcome to speak to a recruiter about our compensation philosophy and other available benefits. This role is eligible for base, bonus, equity, 401(k) match, and heavily subsidized benefits and perks.

Equal Employment Opportunity

To build technology and products that are used and loved by people and solve real-world problems, we need to build a team with many different perspectives and experiences. We are an equal opportunity employer. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We encourage candidates from all backgrounds to apply. 

Agency Disclaimer

DriveWealth does not accept agency resumes. Do not forward resumes to our jobs alias, employees, or any other organization location. DriveWealth is not responsible for any fees related to unsolicited resumes.

HQ

DriveWealth Jersey City, New Jersey, USA Office

Located right across the water from NYC's financial district, our technology office is only one stop away from Manhattan.

Similar Jobs

3 Days Ago
In-Office
New York, NY, USA
150K-250K Annually
Expert/Leader
150K-250K Annually
Expert/Leader
Fintech • Financial Services
Lead the Wealth Management External Fraud Risk Team, setting strategy and enhancing fraud controls while overseeing governance and detection capabilities across various fraud typologies.
Top Skills: DataikuPythonSQL
7 Days Ago
In-Office
New York, NY, USA
165K-275K Annually
Senior level
165K-275K Annually
Senior level
Fintech • Financial Services
The role involves leading the XVA Coverage team within Market Risk, overseeing market risk exposures, engaging with senior stakeholders, and developing risk frameworks and talent in a global investment banking context.
Top Skills: CvaFinancial ProductsFvaMarket Risk ManagementXva
5 Days Ago
In-Office
New York, NY, USA
200K-230K Annually
Expert/Leader
200K-230K Annually
Expert/Leader
Fintech • Software • Financial Services
Lead Raisin US's fraud strategy and operations across onboarding, KYC, account linking, payments, and lifecycle monitoring. Build scalable fraud tooling, predictive models, and automated decisioning while managing fraud operations, analytics, investigations, and cross-functional regulatory alignment to minimize losses and customer friction.
Top Skills: Account Linking ToolsAch Risk ScoringBank Verification ToolsBehavioral IntelligenceBehavioral ScoringCase Management PlatformsData PipelinesDecision EnginesDecisioning PlatformsDevice IntelligenceFraud ModelingGraph SignalsIdv/KycPayment TelemetryPredictive Fraud Models

What you need to know about the NYC Tech Scene

As the undisputed financial capital of the world, New York City is an epicenter of startup funding activity. The city has a thriving fintech scene and is a major player in verticals ranging from AI to biotech, cybersecurity and digital media. It also has universities like NYU, Columbia and Cornell Tech attracting students and researchers from across the globe, providing the ecosystem with a constant influx of world-class talent. And its East Coast location and three international airports make it a perfect spot for European companies establishing a foothold in the United States.

Key Facts About NYC Tech

  • Number of Tech Workers: 549,200; 6% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: Capgemini, Bloomberg, IBM, Spotify
  • Key Industries: Artificial intelligence, Fintech
  • Funding Landscape: $25.5 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Greycroft, Thrive Capital, Union Square Ventures, FirstMark Capital, Tiger Global Management, Tribeca Venture Partners, Insight Partners, Two Sigma Ventures
  • Research Centers and Universities: Columbia University, New York University, Fordham University, CUNY, AI Now Institute, Flatiron Institute, C.N. Yang Institute for Theoretical Physics, NASA Space Radiation Laboratory

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account