Financial Operations, Kalshi

$80-180k

Plus equity

Mid level
Remote in US
New York
Kalshi

Trading platform for future event outcomes

Open for applications

Kalshi

Trading platform for future event outcomes

21-100 employees

FintechB2CLifestyleMarketplaceInvestingTrading

Open for applications

$80-180k

Plus equity

Mid level
Remote in US
New York

21-100 employees

FintechB2CLifestyleMarketplaceInvestingTrading

Company mission

To allow people to capitalize on their opinions and hedge risks that relate to their everyday lives.

Role

Who you are

  • Bachelor's degree in Finance, Accounting, or a related field. A Master's degree is a plus
  • Proven experience in a financial exchange or payment processing company with a high transaction volume
  • Strong analytical skills with the ability to interpret complex financial data
  • Knowledge of financial regulations and compliance standards
  • Exceptional attention to detail and accuracy
  • Proficiency in financial software and tools
  • Excellent communication and collaboration skills
  • Ability to work in a fast-paced, dynamic environment

What the job involves

  • The Financial Operations team is responsible for ensuring the money flowing in and out of the Exchange and its connected systems is all accounted for
  • As a Finance Operations Analyst at Kalshi, you will play a pivotal role in managing the flow of funds within our organization
  • Transaction Monitoring: Oversee a high volume of financial transactions, tracking money inflows and outflows from various sources
  • Daily Snapshot: Generate daily reports to provide a snapshot of financial activity, ensuring accuracy and operational efficiency
  • Operational Excellence: Continuously monitor and optimize financial processes to guarantee smooth operations and adherence to financial regulations
  • Financial Analysis: Analyze financial data to identify trends, discrepancies, and areas for improvement. Provide valuable insights to support decision-making
  • Financial Compliance: Ensure compliance with financial regulations and industry standards. Stay updated on changes in financial regulations that may impact our operations
  • Collaboration: Collaborate closely with cross-functional teams to align financial goals and achieve operational excellence

Otta's take

Sam Franklin headshot

Sam Franklin

CEO of Otta

Despite there being a broad choice of investment models, traders have not traditionally been able to invest in the outcomes of future events. Kalshi, as the first federally regulated exchange where users can invest, trade and essentially "bet" on future outcomes, sets out to change this.

The company has launched a unique asset class called "event contracts", where investors can buy simple yes or no contracts based on whether an event will happen or not. Since gaining federal regulation, Kalshi has begun adding expertise in key areas, hiring Google’s Phil Bogle as Director of Engineering and former Nadex CEO Timothy McDermott to the Board of Directors.

The key to the company's future will be maintaining trust with users through transparency, particularly on how more complex or ongoing ‘wagers’ are settled. The team has been backed with funding from Sequoia Capital, who have most likely gauged how valuable the opinion data collected on the site could be to market and political researchers - although the CFTC's reluctance to approve betting on US elections has presented a block in the road for Kalshi's plans to add "the outcome of congressional elections" to its asset options.

Insights

Led by a woman
Top investors

Few candidates hear
back within 2 weeks

-16% employee growth in 12 months

Company

Funding (2 rounds)

Feb 2021

$30m

SERIES A

Mar 2019

$0.2m

SEED

Total funding: $30.2m

Company benefits

  • Work from home opportunities

Company values

  • We are a group of people who work hard and get things done
  • Meritocracy is at our core, and we value people who take ownership and figure (usually hard) things out
  • We think of Kalshi as a family bound together by our mission: we believe that this is the best (and most fun!) way to work

Company HQ

SoHo, New York, NY

Founders

Luana Lopes Lara

(Co-Founder)

Studied Computer Science at MIT. Researcher at MIT in the Media Lab and later the Computer Science and Artificial Intelligence Laboratory. Worked as a Quantitative Trader at Five Rings Capital and Citadel Securities. Most recently she was a Researcher at the MIT Brain and Cognitive Science Centre.

Tarek Mansour

(Co-Founder)

Studied Electrical Engineering and Computer Science at MIT. Started off working in finance, as an Analyst at Audi Capital and Goldman Sachs. Was a Quantitative Trader twice at Five Rings Capital and Citadel Securities.

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