Head of Risk Management

DriveWealth•New York, NY

15h•Onsite

About The Position

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.

Requirements

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.
Proven track record in managing Liquidity, Margin, and Trading risk is essential.
An "owner" mentality with the ability to build from the ground up in a fast-paced, high-growth environment.
Applicants must possess the legal right to work in the country where the position is located at the time of application.
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.
Leverage AI to work smarter and move faster.
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.

Nice To Haves

Relevant FINRA licenses (e.g., Series 7, 24) are highly preferred; Series 4 or 9/10 is a significant plus.
Direct experience or deep theoretical knowledge of Stablecoins and Crypto risk, including custodial risk, settlement finality, and 24/7 liquidity challenges.
Familiarity with the risk profiles of equity options, including the monitoring of Greeks, multi-leg strategy exposures, and specialized margin requirements.

Responsibilities

Establish and iterate on the firm-wide ERM program, including the enhancement of the Risk Appetite Statements and associated tolerance thresholds.
Standardize and lead core ERM components: Risk & Control Self-Assessments (RCSAs), Risk Policy creation, and a centralized Issue Management framework.
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.
Develop sophisticated Key Risk Indicators (KRIs) and executive-level dashboards to provide real-time transparency into the firm’s risk posture.
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.
Monitor and set parameters for margin lending, focusing on concentration risk, volatility-based margin adjustments, and the management of unsecured debits.
Provide 2LoD oversight for Securities Lending (Stock Loan) activities and principal trading risks associated with fractional share fulfillment.
Build and lead the risk operations functional area, including vendor risk management, partner and client due diligence.