DriveWealth · 2 weeks ago
Director, Head of Cash Management
New York, NY
Full-time
Onsite
Senior Level, Lead/Staff
$160K/yr - $225K/yr
10+ years expDriveWealth is a global B2B financial technology organization dedicated to democratizing access to financial independence around the world. The Director, Head of Cash Management will lead the strategy for liquidity management and regulatory compliance, ensuring the platform's cash movement aligns with SEC regulations and operational efficiency.
Artificial Intelligence (AI)Cloud InfrastructureCryptocurrencyDeveloper APIsFinancial ServicesFinTechPersonal FinanceSoftwareTrading PlatformWealth Management
No H1B
Responsibilities
Regulatory Compliance: Own the daily and weekly Customer and PAB (Proprietary Accounts of Broker-Dealers) reserve formula calculations in accordance with SEC Rule 15c3-3
Liquidity Management: Monitor and manage intraday liquidity to meet settlement obligations with NSCC, DTC, and OCC, particularly during high-volatility market events
Capital Optimization: Oversee the firm’s cash sweep programs and manage bank relationships to optimize interest income while ensuring immediate availability of funds
Settlement Oversight: Lead the team responsible for the daily reconciliation of firm and client funds, ensuring the proprietary fractional ledger remains in sync with external bank and clearinghouse positions
Funding Strategy: Manage tri-party repo and committed credit facilities to support firm capital requirements and Net Capital (SEC Rule 15c3-1) compliance
Process Automation: Collaborate with Engineering and Product teams to build automated reconciliation and reporting tools within an API-first environment
Qualification
Required
10+ years in finance, with a minimum of 5 years in a self-clearing Broker-Dealer or Prime Brokerage environment
Expert-level understanding of SEC Rules 15c3-3 and 15c3-1, including the specific requirements for asset segregation and the reserve formula
SIE and Series 99 or 7 required
Deep knowledge of clearinghouse workflows (NSCC, DTC, OCC) and the mechanics of tri-party repo or credit lines
Ability to work with SQL or data visualization tools (Tableau/Looker) to manage and reconcile high-volume transaction data
Proven ability to manage cross-functional projects between Finance, Operations, and Engineering
Required to be in the New York office at least 4 days a week
Applicants must be authorized to work for any employer in the U.S. DriveWealth is unable to sponsor or take over sponsorship of an employment visa at this time
Preferred
Series 27 (Financial and Operations Principal) is strongly preferred
Benefits
Competitive medical, dental, and vision insurance options
Mental health resources
Generous paid time off with observed holidays (varies per country)
Paid parental leave for biological and adoptive parents
Up to $2,500 or local equivalent each year to invest in continued education and personal development
Up to $900 each year or local equivalent for fitness and wellness reimbursement
Company-provided phone (varies by country)
For HQ in-office employees, a daily lunch stipend, unlimited snacks, and engaging office space in the Financial District
Pre-tax commuter benefits (US only)
Employer 401K match (US only)
Company
DriveWealth
DriveWealth is a visionary technology company that empowers more than 100 partners around the world.
201-500 employees
Funding
Current Stage
Late StageTotal Funding
$550.8MKey Investors
Point72 VenturesRoute 66 Ventures
2021-08-20Series D· $450M
2020-10-27Series C· $56.7M
2017-11-03Series B· $21.1M
Leadership Team
Naureen Hassan
Chief Executive Officer
Venu Palaparthi
COO
Recent News
2026-01-14
2025-11-04
2025-10-31
Company data provided by crunchbase