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Overnight Risk/Trade Manager



Jersey City, NJ, USA
Posted on Thursday, September 14, 2023

DriveWealth, the pioneer of fractional equities trading and embedded investing, is a visionary technology company that empowers more than 100 partners around the world to engage their customers by placing the markets in the palm of their hand. We believe the future is fractional, transactional and mobile. Every mobile device should be a gateway to accessing investing and savings products, services, advice, and assistance for global citizens of all ages, wealth stages, and levels of financial expertise. DriveWealth’s unparalleled consultative support and cloud-based, industrial strength technology platform allow partners to seamlessly offer branded investing experiences to drive customer acquisition, loyalty, retention, and revenue growth. DriveWealth’s commitment to continuous evolution and innovation makes it the partner of choice for powering the future of investing.

Completing a Series D raise in 2021, DriveWealth’s mission is to democratize investing globally by working with partners to invent new ways to use its API-based technology to provide emerging investors with cutting-edge embedded experiences, offer first-time access to U.S. markets, and the ability to begin investing with as little as $1. DriveWealth is committed to empowering consumers around the world to become owners by delivering the most modern brokerage infrastructure, unparalleled industry expertise, and a culture of continued evolution.

About The Role

This presents a distinctive chance to both learn and make a meaningful contribution within an experienced, established team. It offers an excellent avenue for career development and personal growth, encompassing a wide range of responsibilities across middle office functions, customer communications, and trading operations. Your role will involve active engagement with the team, market venues, and the market makers we collaborate with. You'll be responsible for risk management and ensuring the timely fulfillment of deadlines and service level agreements, all in strict compliance with firm policies, SEC rules, and FINRA regulations. Success in this role requires thriving in a dynamic, fast-paced environment, where critical thinking and sound judgment are paramount.

What You’ll Do

  • Execution of Written Supervisory Procedures to comply with all SEC and FINRA rules.
  • Monitor trading systems that are executing equity orders.
  • Resolution of trade inquiries
  • Monitor trading activity, firm accounts, corporate actions, and identify and resolve problems associated with trades.
  • Monitor health of routing systems and Venues and interact with Venues as required.
  • Coordinate response for system, trading, and related issues.
  • Work with the team on a daily basis and learn all of the intricate details of how the team operates.

About You

  • Strong computer skillset and be able to use Excel, Sql, Python
  • 3+ years working in a broker-dealer operations/trading environment
  • FINRA Series 7, 57
  • Strong understanding of brokerage operation functions
  • Self-starter with ability to work independently
  • Strong communication and analytical skills
  • Ability to effectively prioritize and adapt to a changing environment
  • Ability to work overnight shift from 8:00 PM to 5:00 AM

Compensation package offerings are based on candidate experience and technical qualifications, as it relates to the role. These are identified and determined throughout your interviewing experience.

Please note
: at this time, we are not able to hire in all states.

Remote (Most US States) Pay Range
$120,000$150,000 USD

US Benefits

  • Insurance – Medical, Dental, Vision, Life, LTD & STD. HSA and FSA options.
  • Unlimited PTO
  • 401k plan
  • Most role have flexible working hours and work from home
  • Continuing education and conferences reimbursement
  • Fitness/Wellbeing reimbursement
  • Lunch program, snacks and beverages available in the office

Singapore Benefits

  • Insurance – Medical, Dental, Vision, Group Life, LTD & STD
  • Unlimited PTO
  • Flexible working hours and work from home
  • Continuing education and conferences reimbursement
  • Fitness/Wellbeing reimbursement

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

TO ALL AGENCIES: Please, no phone calls or emails to any employee of DriveWealth outside of the Talent organization. DriveWealth’s policy is to only accept resumes from agencies via Greenhouse (ATS). Agencies must have a valid services agreement executed and must have been assigned by the Talent team to a specific requisition. Any resume submitted outside of this process will be deemed the sole property of DriveWealth. In the event a candidate submitted outside of this policy is hired, no fee or payment will be paid.