[Remote] Treasury Analyst, Regulatory Operations (FCM)
Note The job is a remote job and is open to candidates in USA. Underdog is a rapidly growing sports company focused on enhancing the experience for sports fans. The Treasury Analyst, Regulatory Operations role involves managing treasury operations within a registered Futures Commission Merchant, ensuring compliance with regulations while supporting product growth and maintaining liquidity.
Responsibilities
- Execute and monitor daily customer fund segregation and secured amount calculations in compliance with CFTC regulations
- Manage daily cash positioning to meet customer withdrawal requests, exchange margin requirements, and regulatory minimums
- Initiate, review, and release wire transfers with strict adherence to internal controls and approval workflows
- Support exchange and clearinghouse margin funding, including variation and initial margin movements
- Monitor liquidity and identify potential shortfalls or excesses, escalating issues as needed
- Maintain accurate records of cash movements, collateral, and bank balances across multiple accounts
- Support regulatory reporting, audits, and examinations related to treasury and cash management activities
- Collaborate with Accounting, Compliance, and Operations to ensure accurate, timely, and compliant treasury processes Skills
- 2–4+ years of experience in treasury, cash management, regulatory operations, or financial operations within a regulated financial institution (FCM, broker-dealer, clearing firm, bank, etc.)
- Familiarity with customer protection or reserve-style calculations (CFTC segregation or SEC Rule 15c3-3 experience highly transferable)
- Strong understanding of cash management processes, wire controls, and bank reconciliation
- Exceptional attention to detail; understanding 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
- Bachelor's degree in Finance, Accounting, or a related field
- Independent and understand the importance of segregation of duties, reporting directly into the finance vertical and remaining separate from the trading desk
- Direct experience preparing daily segregation or secured amount computations
- Experience with regulatory reporting portals (e.g., NFA WinJammer or FINRA FOCUS systems)
- Familiarity with CFTC Regulations §1.20–1.32
- CTP (Certified Treasury Professional) designation
- Experience working with exchanges, clearinghouses, or margin funding Benefits
- Unlimited PTO for full-time employees (we're extremely flexible with the exception of the first few weeks before & into the NFL season)
- 16 weeks of fully paid parental leave
- Home office stipend
- A connected virtual-first culture with a highly engaged distributed workforce
- 5% 401k match
- FSA
- Company paid health, dental, vision plan options for employees and dependents Company Overview
- Underdog, the fastest-growing private sports company in the U.S., was founded in 2020 with the simple objective of making sports more fun. It was founded in 2020, and is headquartered in Brooklyn, New York, USA, with a workforce of 201-500 employees. Its website is https//underdogfantasy.com/. Apply To This Job