Overview
This role involves supporting the build-out of a newly licensed Futures Commission Merchant (FCM) within a fast-growing sports-related company. The position sits at the intersection of accounting, treasury, and regulatory financial operations, focusing on designing and scaling financial infrastructure in a federally regulated environment. The role requires close collaboration with finance leadership, compliance, and operations teams.
Responsibilities
- Lead FCM accounting operations, managing day-to-day execution and designing scalable, compliant financial processes
- Manage month-end, quarter-end, and year-end close processes, including preparation and review of Form 1-FR-FCM filings and supporting schedules
- Prepare and review daily Adjusted Net Capital calculations and customer fund segregation calculations in accordance with CFTC requirements
- Manage Segregated Investment Detail Report (SIDR) preparation and support monitoring of the firm’s residual interest in customer accounts
- Maintain and enhance the general ledger, sub-ledgers, and recordkeeping practices to meet regulatory record retention and audit standards
- Support annual PCAOB-registered audits and participate in NFA audits and DSRO examinations, coordinating audit requests and documentation
- Oversee daily trade, position, and cash reconciliations, ensuring timely investigation and resolution of discrepancies
- Partner with Finance leadership to document, implement, and continuously improve core accounting policies and procedures, including Capital and Segregation
- Help design and maintain processes to support required tax reporting, including IRS Form 1099-MISC
Requirements
- 5–7+ years of progressive accounting experience within a regulated financial institution such as an FCM, broker-dealer, clearing firm, or bank
- Active CPA license (required)
- Strong understanding of regulatory capital frameworks (CFTC Net Capital or SEC Rule 15c3-1)
- Familiarity with customer protection regimes (CFTC segregation or SEC Rule 15c3-3 reserve requirements)
- Experience preparing or supporting regulatory financial filings (e.g., Form 1-FR-FCM, FOCUS reports, capital computations, reserve/segregation calculations)
- Bachelor’s degree or higher in Accounting or Finance
- Experience operating within a strong internal control environment subject to regulatory oversight
- Strong analytical skills with the ability to interpret complex financial data, identify issues, and communicate insights clearly
- Detail-oriented and highly accurate, comfortable working in a control-heavy environment
- Effective communicator capable of working cross-functionally and explaining financial concepts to non-finance partners
- Ability to manage competing priorities and thrive in fast-paced, evolving environments
- Proficiency with Microsoft Excel and experience with accounting ERP systems such as Sage, NetSuite, or similar
Preferred Qualifications
- Direct FCM experience and familiarity with CFTC financial reporting requirements
- Experience interacting with NFA, CFTC, FINRA, or SEC exam teams
- Experience supporting a Financial Principal or FINOP function
- Experience helping launch or scale a newly regulated entity
- Background in a high-growth fintech or startup environment
Compensation & Benefits
- Target starting base salary range: $128,000 to $160,000, plus target equity. Actual salary depends on skills and experience.
- Unlimited paid time off for full-time employees (with some flexibility restrictions around the NFL season start)
- 16 weeks of fully paid parental leave
- Home office stipend
- 5% 401(k) match
- Flexible Spending Account (FSA)
- Company-paid health, dental, and vision insurance options for employees and dependents
Location
- Remote-first position with an expectation to gather 2-3 times per year for team and company offsites, trainings, and events.
Note: This position may require sports betting licensure based on certain state regulations.