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Cash Management Operations Specialist



New York, NY, USA
Posted on Thursday, June 27, 2024

DriveWealth is a global B2B financial technology organization dedicated to democratizing access to financial independence around the world. Our mission is realized through an API-based platform, empowering our partners to offer seamless investing and trading experiences to clients worldwide, all from their mobile devices.

Our technology provides partners with a modern, extensible toolkit, enabling traditional investment workflows and innovative techniques like fractional share ownership. DriveWealth has evolved into a global platform offering trading of US equities, mutual funds, ETFs, fixed income, and options.

We seek enthusiastic professionals to contribute diverse perspectives and experiences to our Brokerage-as-a-Service platform. Our culture blends the pace and opportunity of a tech start-up with the impact, stability, and significance of Wall Street. We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do. We value diversity and inclusion, celebrating the unique differences of our employees as we scale and grow together. We’re guided by operating principles grounded in accountability, teamwork, integrity, and solutions built to scale. Join us!

About the Role

We are looking for a new member of our Cash Management team within the Treasury department at DriveWealth. The ideal candidate has experience in cash management at a broker-dealer, is a self-starter, and is eager to drive new processes and strategies to support the company's ongoing growth and success.

What You’ll Do

  • Serve as a liaison between operations, business, technology, and finance departments to facilitate effective communication and collaboration.
  • Oversee cash settlements, ensuring accuracy and compliance with regulatory requirements.
  • Analyze and explain changes in cash positions, identifying trends and providing insights to relevant stakeholders.
  • Project short-term cash needs and coordinate with internal teams to meet liquidity requirements.
  • Develop and implement strategies to mitigate risks and implement efficiency associated with cash management activities.
  • Stay abreast of industry trends and regulatory changes in cash management, ensuring compliance and best practices are maintained.

What You’ll Need

  • Experience in a Broker-dealer cash management, self-clearing environment
  • Proficiency in Excel, experience in modern treasury
  • Exceptional organizational and time-management skills, with the ability to prioritize tasks in a fast-paced environment
  • Analyze and improve existing processes, develop automation tools within the Treasury function
  • Clear communication skills with the ability to collaborate across departments and influence stakeholders at all levels of the organization
  • Excellent analytical skills with the ability to interpret complex data and communicate insights
  • Four years of experience in Finance
  • Bachelor's degree, preferably in Finance or a related field

Applicants must be authorized to work for any employer in the U.S. DriveWealth is unable to sponsor or take over sponsorship of an employment Visa at this time.

Compensation package offerings are based on candidate experience and technical qualifications, as it relates to the role. These are identified and determined throughout your interviewing experience.

Please note
: this role is expected to come into our office on a cadence set by the Hiring Manager/Team.

New York, NY (Hybrid) Pay Range
$90,000$120,000 USD


  • Competitive medical, dental, and vision insurance options
  • Mental Health and family planning services
  • Unlimited paid time off with ten observed holidays
  • 16 weeks of paid parental leave for biological and adoptive parents
  • Pre-tax commuter benefits
  • $2,500 each year to invest in continued education and personal development
  • $75 a month in fitness and wellness reimbursement
  • Company-provided phone
  • Hybrid work experience that allows for flexibility
  • For in-office employees, a daily lunch stipend, unlimited snacks, and engaging office space in the Financial District

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

TO ALL AGENCIES: Please, no phone calls or emails to any employee of DriveWealth outside of the Talent organization. DriveWealth’s policy is to only accept resumes from agencies via Greenhouse (ATS). Agencies must have a valid services agreement executed and must have been assigned by the Talent team to a specific requisition. Any resume submitted outside of this process will be deemed the sole property of DriveWealth. In the event a candidate submitted outside of this policy is hired, no fee or payment will be paid.