Head of Risk Management

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." Your role is to ensure that our global expansion is supported by a sophisticated, scalable, and resilient risk ecosystem. 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 such as 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, coordinating 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. 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 USD - $325,000 USD Benefits Competitive compensation, equity, a 401(k) match, full insurance coverage, a wellness reimbursement, a company‑provided phone, a personal development allowance, generous PTO and observed holidays. Work Authorization Applicants must possess the legal right to work in the United States on a full‑time basis without the need for current or future visa sponsorship. Equal Employment Opportunity DriveWealth is 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. #J-18808-Ljbffr