Head of Risk Management

Head of Risk Management

DriveWealth

New York City, NY, US

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." 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.

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: 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, coordinate 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 is essential.
• 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 - $325,000 USD