Underdog Logo

Underdog

Treasury Analyst, Regulatory Operations

Reposted 6 Days Ago
Remote
Hiring Remotely in United States
90K-100K Annually
Mid level
Remote
Hiring Remotely in United States
90K-100K Annually
Mid level
Manage treasury operations including customer fund segregation, cash positioning, wire transfers, and regulatory reporting in a fast-paced environment.
The summary above was generated by AI

At Underdog, we make sports more fun.

Our thesis is simple: build the best products and we’ll build the biggest company in the space, because there’s so much more to be built for sports fans. We’re just over five years in, and we’re one of the fastest-growing sports companies ever, most recently valued at $1.3B. And it’s still the early days.

We’ve built and scaled multiple games and products across fantasy sports, sports betting, and prediction markets, all united in one seamless, simple, easy to use, intuitive and fun app. 

Underdog isn’t for everyone. One of our core values is give a sh*t. The people who win here are the ones who care, push, and perform. If that’s you, come join us.

Winning as an Underdog is more fun.

This role sits at the intersection of a high-growth sports company and regulated financial markets, giving you direct ownership over treasury operations within a registered Futures Commission Merchant (FCM). You’ll manage real capital movement, liquidity, and regulatory safeguards in a fast-moving environment where accuracy, judgment, and urgency matter every day. Your work will directly support product growth while protecting the financial foundation of the business.

What You'll Do
  • 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
Who You Are
  • 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
Even Better If You Have
  • 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

Our target starting base salary range for this position is between $100,000 and $120,000, plus target equity. The starting base salary will depend on a number of factors including the candidate’s skills and experience, among other things.

What we can offer you:
  • 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

#LI-REMOTE

We're a remote-first company and value in-person connection. That said, we expect everyone to gather 2-3 times per year for team and company offsites, trainings, and more.

This position may require sports betting licensure based on certain state regulations.

Underdog is an equal opportunity employer and doesn't discriminate on the basis of creed, race, sexual orientation, gender, age, disability status, or any other defining characteristic.

California Applicants: Review our CPRA Privacy Notice here. 

Similar Jobs

38 Minutes Ago
Remote or Hybrid
152K-250K Annually
Senior level
152K-250K Annually
Senior level
Healthtech • Social Impact • Software
Own and build Grow Therapy's data security infrastructure: automated data classification, field-level masking/tokenization, encryption and key management, secure data connectors to AI tooling, and access controls. Define a multi-year vision, implement pipelines and services, and partner across Data, Engineering, and Detection & Response to make secure-by-default the company standard.
43 Minutes Ago
In-Office or Remote
9 Locations
80K-100K Annually
Mid level
80K-100K Annually
Mid level
Productivity • Software • App development • Automation
Lead and scale a Quality Assurance team that validates and qualifies open-source leads for sales readiness. Own hiring, training, QA standards, KPI tracking, and process improvements while partnering with SDRs, Sales, and partners to drive pipeline impact.
47 Minutes Ago
Remote or Hybrid
United States
140K-187K Annually
Senior level
140K-187K Annually
Senior level
Automotive • Big Data • Information Technology • Robotics • Software • Transportation • Manufacturing
Manage and grow a portfolio of strategic fleet accounts across MN, ND, and SD. Drive retention, expansion, and new business (70% account management / 30% new business), negotiate deals, coordinate cross-functional delivery, maintain CRM and pipeline, provide forecasts, and travel frequently to support customer engagement and solution implementation.
Top Skills: Crm SystemsExcelMicrosoft PowerpointMicrosoft Word

What you need to know about the Boston Tech Scene

Boston is a powerhouse for technology innovation thanks to world-class research universities like MIT and Harvard and a robust pipeline of venture capital investment. Host to the first telephone call and one of the first general-purpose computers ever put into use, Boston is now a hub for biotechnology, robotics and artificial intelligence — though it’s also home to several B2B software giants. So it’s no surprise that the city consistently ranks among the greatest startup ecosystems in the world.

Key Facts About Boston Tech

  • Number of Tech Workers: 269,000; 9.4% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: Thermo Fisher Scientific, Toast, Klaviyo, HubSpot, DraftKings
  • Key Industries: Artificial intelligence, biotechnology, robotics, software, aerospace
  • Funding Landscape: $15.7 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Summit Partners, Volition Capital, Bain Capital Ventures, MassVentures, Highland Capital Partners
  • Research Centers and Universities: MIT, Harvard University, Boston College, Tufts University, Boston University, Northeastern University, Smithsonian Astrophysical Observatory, National Bureau of Economic Research, Broad Institute, Lowell Center for Space Science & Technology, National Emerging Infectious Diseases Laboratories

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account