Treasury Manager

Underdog

8d • $128,000 - $160,000 • Remote

About The Position

This role sits at the intersection of a high-growth sports company and regulated financial markets, with direct responsibility for treasury operations within a registered Futures Commission Merchant (FCM). You'll manage real capital movement, liquidity and regulatory safeguards in an environment where accuracy, judgment and urgency matter every day. Working closely with cross functional teams, you'll run the daily customer protection computations and cash management that underpin our regulatory standing, while contributing to how treasury strategy, governance and banking relationships develop as the business scales. It suits someone comfortable being both operator and builder, who does their best work where the process is still taking shape.

Requirements

• Significant treasury, cash management or regulatory operations experience in a regulated financial institution — FCM, broker-dealer, clearing firm or bank — including operating a treasury function, not only supporting one
• Genuine prior exposure to FCM, DCM and DCO operations and to the market-maker side of a business
• Familiarity with customer protection or reserve-style calculations; CFTC segregation or SEC Rule 15c3-3 experience is highly transferable
• Strong command of cash management, wire controls and bank reconciliation
• Negotiated banking and credit facility terms, and are comfortable leading commercial discussions alongside senior stakeholders
• Exceptional attention to detail; you understand that an error in a calculation or a wire transfer has significant financial and regulatory consequences
• Comfortable in a high-pressure, daily-deadline-driven environment where process and precedent are still developing
• Independent and understand the importance of segregation of duties, reporting directly into the finance vertical and remaining separate from the trading desk
• Partner well across Accounting, Finance, Compliance, Product and Engineering, and with people at all levels
• General understanding of the sports betting, fantasy sports and prediction markets industry
• Bachelor's degree in Finance, Accounting, or a related field

Nice To Haves

• Direct experience preparing daily segregation or secured amount computations
• Experience performing bank counterparty credit analysis or maintaining depository concentration limits
• Familiarity with CFTC Regulations §1.20–1.32
• Experience with regulatory reporting portals (e.g., NFA WinJammer or FINRA FOCUS systems)
• CTP (Certified Treasury Professional) designation
• Experience evaluating or implementing treasury management systems
• Experience contributing to treasury policy and governance in a public-company environment
• Background in a high-growth or lean finance team

Responsibilities

• Prepare and own the daily customer fund segregation and secured amount calculations under CFTC regulations, and strengthen the controls supporting them
• Monitor monthly settlement bank concentration limits and counterparty credit condition — ratings, outlook, capital and liquidity indicators — across all depositories holding customer funds
• Support regulatory reporting, audits and examinations covering treasury and cash management
• Work with Accounting, Compliance and Operations to keep treasury processes accurate, timely and compliant
• Manage daily cash positioning against customer withdrawals, exchange margin requirements and regulatory minimums
• Initiate, review and release wire transfers under strict internal controls and approval workflows
• Support exchange and clearinghouse margin funding, including initial and variation margin
• Monitor liquidity, maintain accurate records of cash, collateral and bank balances, and build forecasting in partnership with Finance
• Build and maintain banking and payment provider relationships that meet corporate and product team needs
• Take a lead role in negotiating banking, payment provider and credit facility terms, partnering closely with the Product team and Finance leadership
• Help develop our approach to excess cash and yield within regulatory and policy constraints
• Contribute to the development of treasury policy, controls and authorization frameworks as the function matures
• Evaluate treasury technology needs and identify opportunities to improve systems, controls and automation
• Partner with Product and Engineering, where liquidity planning ties directly to product mechanics, and with Accounting on treasury reporting and reconciliation

Benefits

• Unlimited PTO for full-time employees
• 16 weeks of fully paid parental leave
• Home office stipend
• A virtual-first culture, but we come together a few times per year in person for offsites, trainings, hackathons, and more
• Slack reactions for every occasion
• 401k with up to 5% employer match
• Company paid health, dental, vision plan options for employees and dependents, FSA, and more
• Opportunity to celebrate your favorite sports teams through local meetups and company-sponsored events
• Claude and ChatGPT enterprise accounts

What This Job Offers

• Job Type: Full-time
• Career Level: Senior