Note: The job is a remote job and is open to candidates in USA. Underdog is a fast-growing sports company building products across fantasy sports, sports betting, and prediction markets. The Treasury Analyst, Regulatory Operations will oversee treasury operations within a regulated Futures Commission Merchant, managing customer fund segregation, liquidity, cash movements, margin funding, regulatory reporting, and treasury controls.
Responsibilities
- Own and oversee daily customer fund segregation and secured amount calculations, ensuring compliance with CFTC regulations and internal control requirements
- Manage daily cash positioning and liquidity across multiple accounts to support customer withdrawals, exchange margin requirements, and regulatory minimums
- Review, approve, and release wire transfers in accordance with established controls, approval workflows, and treasury policies
- Lead exchange and clearinghouse margin funding activities, including variation and initial margin movements, while proactively managing funding requirements
- Monitor liquidity exposures, identify potential shortfalls or excesses, and recommend actions to optimize cash utilization and mitigate risk
- Maintain accurate records of cash movements, collateral balances, and treasury activity while ensuring timely reconciliation of bank and custody accounts
- Support and coordinate regulatory reporting, audits, examinations, and information requests related to treasury operations and customer protection requirements
- Partner closely with Accounting, Compliance, Operations, and external banking and clearing partners to ensure accurate, timely, and compliant treasury processes
- Identify opportunities to strengthen controls, improve operational efficiency, and scale treasury processes to support company growth
- Serve as a subject matter expert on treasury operations, customer fund protection requirements, and liquidity management practices
Skills
- You have 5–8+ years of experience in treasury, cash management, regulatory operations, or financial operations within a regulated financial institution (FCM, broker-dealer, clearing firm, bank, or similar environment)
- You have direct experience with customer protection or reserve-style calculations, including CFTC segregation, secured amount requirements, or SEC Rule 15c3-3 reserve computations
- You possess a strong understanding of treasury operations, including liquidity management, cash forecasting, wire controls, and bank reconciliations
- You have experience independently owning critical treasury processes and exercising sound judgment in situations involving liquidity, funding, or operational risk
- You demonstrate exceptional attention to detail and understand the importance of accuracy in a highly regulated environment
- You thrive in a fast-paced, deadline-driven environment and can effectively manage competing priorities
- You have experience partnering cross-functionally with Accounting, Compliance, Operations, and external counterparties
- You hold a Bachelor's degree in Finance, Accounting, Economics, or a related field
- You operate with a strong control mindset and understand the importance of segregation of duties
- Direct experience preparing and reviewing daily segregation or secured amount computations within an FCM
- Experience supporting regulatory examinations, audits, and regulatory reporting requirements
- Familiarity with CFTC Regulations §1.20–1.32 and customer protection requirements
- Experience with regulatory reporting platforms such as NFA WinJammer, FINRA FOCUS, or similar systems
- CTP (Certified Treasury Professional) designation or experience working with exchanges, clearinghouses, margin funding, or collateral management
Benefits
- Target equity
- Unlimited PTO for full-time employees (we're extremely flexible with the exception of the first few weeks before and into the NFL season)
- 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
Company Overview