Compliance & Operational Risks Controls Manager



New York, NY, USA
Posted on Monday, January 22, 2024

About Moment:

Moment builds modern infrastructure for the fixed income markets by combining data, trading access, and portfolio management to demystify and give easy access to the largest capital asset markets in the world. Founded in 2022, by former fixed income quants and traders at leading prop shops, Moment has quickly established itself as the leading fixed income infrastructure provider for global fintechs, traditional brokerages, and RIAs.

Fixed income is the largest asset class in the world, and the market is evolving rapidly. In the past three years, electronic fixed income trading volume has nearly doubled — and in the past 14 months, retail fixed income trading volume has increased by more than 1500%. Despite this rapid growth, the wealth management fixed income space has been confined to outdated technology that fails to meet investors’ needs. In just a matter of weeks, we can give clients the ability to offer an end-to-end, modern fixed income solution through a simple set of APIs across data, execution, and portfolio management.

Our clients are large organizations that have quickly recognized the value of our innovative technology to give fixed income market access to the millions of retail investors they represent.

And we’re just getting started! We're growing incredibly fast and are backed by world-class investors. To date, we've raised $20M+ from top-tier investors.

About the Role:

We prioritize risk controls to ensure the seamless execution of our mission. We believe that playing by the rules is essential to our success. We are looking for a new teammate to be a founding member of our risk team. This is an exciting opportunity to focus substantively on two principal risk disciplines and acquire full exposure to the fixed income market as we make it easy to understand and accessible to retail customers.

Specific Responsibilities Include:

  • Working closely with trading and engineering teams to build and maintain a trading controls framework that includes:
    • Matching of trades.
    • Monitoring trading limits.
    • Reviewing trading activity for possible mismatches, fails, trades outside risk parameters, and other operational risks.
    • Avoiding, identifying, assisting and resolving errors.
    • Coordinating with clearing partners to ensure resolution of fails, risk hedging, and the execution of corporate actions.
    • Identifying trading away and spoofing patterns.
  • Designing, building, and maintaining a framework of controls to monitor compliance risks, including:
    • Outside business activities;
    • Trading in outside accounts;
    • FINRA registration, and
    • Monitoring communications with the public.
  • Working closely with the Firm’s FinOp to facilitate compliance with the SEC Customer Protection Rules.
  • Representing Moment in discussions with counterparties and regulators about our framework of risk controls.

Preferred Qualifications

  • 5+ years experience in securities clearing and settlement processes;
  • Deep understanding of Compliance requirements;
  • Familiarity with trading processes (fixed income ++);
  • A high standard, for yourself and others, when working in a trading technology environment;
  • Effective communication skills — ask questions, assume good intentions, and default to transparency, and
  • Rigor and empathy that help you thrive in a collaborative and high-performance environment.

Compensation & Benefits

For this role, the salary range is $90,000-$150,000. Actual compensation will vary based on skills, experience, and which offer each candidate selects.

In addition to a competitive salary and equity package, we provide every employee with:

  • The opportunity to grow into the leader you aspire to be. At a fast-growing company in an expanding industry, you can enjoy unmatched career growth
  • Education is encouraged with our company-wide professional development programs and course reimbursements
  • Comprehensive wellness package, providing top-notch health, dental, and vision coverage with 100% company reimbursement.
  • Competitive compensation, top-notch gym stipends, and generous equity grants
  • Flexible PTO policy that people actually use — on average, people take three weeks off per year
  • 401k match to help you save for your future
  • Paid lunches in office, every day