Altruist · 17 hours ago
Manager of Margin and Options Operations
Dallas, TX
Full-time
Hybrid
Senior Level
5+ years expAltruist is transforming the wealth management industry by building an AI platform for wealth professionals. They are seeking a Manager of Margin and Options Operations to lead and scale the operational function responsible for margin and options trading, ensuring compliance and operational integrity.
Asset ManagementFinancial ServicesFinTech
Responsibilities
Build and lead a unified Margin & Options Operations team in Year 1, including margin specialists, options specialists, and cross‑trained generalists
Establish clear roles, SLAs, escalation paths, and coverage models to support daily operations and peak events (e.g., expirations, volatility)
Coach, develop, and cross‑train team members to support resiliency and prepare for future team specialization
Serve as the senior operational decision‑maker during high‑risk or time‑sensitive events
Own daily margin workflows, including Reg T, maintenance, house, and day‑trade calls
Oversee debit balance monitoring, liquidation timelines, and exception handling
Ensure proper handling of PDT, Good Faith, and Freeride violations
Monitor concentration, liquidity, and volatility risk using SCM and Sterling Risk Monitor (SRM)
Approve margin requirement changes, extensions of time, and exception cases
Partner with Finance and Compliance on margin interest rate changes and house margin policies
Act as a Registered Options Principal (ROP) for Altruist, providing supervisory oversight for options trading
Oversee daily options lifecycle processing, including: Trade and position comparison, assignment and exercise processing, expiration‑day and in‑the‑money (ITM) risk reviews, OCC spread file submission and monitoring, specific deposits and STANS margin mitigation, etc
Review and resolve uncovered or at‑risk options positions
Ensure timely and accurate LOPR submissions and remediation of rejects
Partner with the Trade Desk on advisor communication related to assignment, exercise, and expiration risk
Own the operational control environment for margin and options, embedding risk ownership into daily workflows
Define and monitor key risk indicators (KRIs) and operational metrics
Lead root‑cause analysis and remediation for operational incidents, trade breaks, or risk events
Serve as the primary escalation point for high‑severity margin or options issues
Prepare the team for audits, exams, and regulatory reviews with strong documentation and evidence
Partner closely with Compliance and Legal to ensure alignment with SEC, FINRA, OCC, and Reg T requirements
Collaborate with Product and Engineering to design scalable workflows and reduce manual risk
Act as the primary operational interface with vendors such as FIS, Sterling, and the OCC
Support product launches and future expansions (e.g., higher options levels, expanded margin use cases)
Qualification
Required
5–10+ years of experience in brokerage or clearing operations, ideally at a broker‑dealer or custodian
Hands‑on experience managing margin operations (Reg T, maintenance calls, debit balances, PDT/GFV)
Hands‑on experience managing options operations, including assignment/exercise, OCC workflows, and reconciliation
Demonstrated experience acting as, or working closely with, a Registered Options Principal (ROP)
Proven ability to lead small, specialized teams in high‑risk, high‑volume environments
Strong knowledge of SEC and FINRA regulations, including Reg T, Rule 4210, Rule 2360, and 15c3‑3
Experience with industry platforms such as FIS Phase 3, Sterling OMS/Risk, OCC ENCORE, DTC/NSCC
Comfortable interpreting and acting on risk data from SCM and SRM
Strong documentation and audit readiness discipline
FINRA Series 7 required
FINRA Series 4 (Registered Options Principal) required or the ability to obtain quickly
Clear, confident communicator who can explain complex risk concepts to internal teams and advisors
Strong judgment and calm decision‑making under pressure
Collaborative partner across Compliance, Legal, Trading, Product, and Engineering
High ownership mentality with a bias toward action and accountability
Detail‑oriented, risk‑aware, and process‑driven without losing sight of advisor experience
Comfortable building structure in ambiguity and scaling operations alongside product growth
Preferred
Series 24 strongly preferred
Benefits
A hybrid work schedule for most positions to promote strong, in-person collaboration.
Stunning, amenity-filled office spaces in Culver City, CA, San Francisco, CA, and Dallas, TX. Our offices are intentionally designed for comfort, collaboration, and productivity.
Competitive pay and equity for eligible positions.
Premium healthcare, dental, and vision insurance plans (HMO and PPO).
401k savings plan with a 4% match and immediate vesting.
16 week paid parental leave.
Professional growth and development opportunities including an employee mobility program and an annual L&D budget allocation for each employee.
Company perks program (includes discounts on pet insurance, fitness, cell phone plans, and travel, etc.).
Financial guidance program (includes counseling on navigating debt, tracking personal spend, saving and planning goals, home-purchasing preparedness, etc.).
One month work from anywhere policy (with the exception of a few countries).
Total compensation includes a competitive benefits package, along with equity in the form of Stock Options (ISOs) for eligible roles.
Company
Altruist
Altruist is a modern custodian that offers a digital investment platform for financial advisors to manage their clients' investments.
51-200 employees
Funding
Current Stage
Late StageTotal Funding
$601.5MKey Investors
GICICONIQ GrowthInsight Partners
2025-04-22Series F· $152M
2024-05-02Series E· $169M
2023-04-10Series D· $112M
Leadership Team
Jason Wenk
Founder / CEO
Marc Greenberg
Chief Financial Officer
Recent News
2026-01-11
thesaasnews.com
2025-12-22
Company data provided by crunchbase