Director of Risk, Public.com
$140-190k
4 days a week in office
Stocks, ETFs & crypto investing app
Be an early applicant
Stocks, ETFs & crypto investing app
201-500 employees
Be an early applicant
$140-190k
4 days a week in office
201-500 employees
Company mission
Public.com's mission is to make the public markets work for all people.
Role
Who you are
- Bachelor’s degree in finance, economics, engineering, or a related field required (Master’s degree preferred)
- Minimum 6+ years of relevant experience in risk management
- Extensive margin, equity, and options strategy knowledge within the retail brokerage space
- Detail oriented and scrappy, but possess the ability to think strategically about long-term trading risk
- Data oriented — you have a keen sense for numbers and understand how to analyze complex data sets
- Strong understanding of financial markets, credit risk, liquidity risk, and market risk
- Ability to collaborate effectively with cross-functional teams
- Data management and visualization experience a plus
- Programming experience a plus
- Strong passion for options trading a plus
What the job involves
- We are looking for a highly-motivated and experienced Director of Risk to join our nimble brokerage team
- In this role, you’ll focus on identifying, assessing, and managing Public’s financial and operational risks
- This is a critical function that will drive the development of our risk management framework, and help determine our risk appetite, in support of our overall business plan
- Analyze, interpret, and provide the daily risk exposure of our business by assessing transactions, and through the development / implementation of quantitative models, portfolio analysis, and other methods
- Identify and assess market risks associated with trading activities, such as price volatility, liquidity risk, and correlation risk
- Develop and maintain risk reporting systems and dashboards, including associated metrics and alerts in order to monitor the execution and performance of our strategy; provide timely and insightful analysis
- Improve data integrity throughout the platform, and work closely with third-party vendors to rectify inaccuracies and inconsistencies
- Review and evaluate new business initiatives, including potential partnerships and acquisitions, to identify changes to the operational risk profile of the business
- Act as a strategic business partner on financial risk topics by ensuring effective communication and an understanding of risks at all organizational levels
Our take
The stock market can be a confusing place unless you work on Wall Street, making investing a pretty daunting experience. Public.com brings accessibility to the stock market, helping people invest regardless of experience or available funds.
This is done through a commission-free platform that allows users to own fractional shares of stocks, funds, and crypto, making it easier to get started. It has created a safe space for a broad audience, with educational and social features that help users become more familiar with investing. These include "ask-me-anything" sessions with public company CEOs, and Public Live, a daily in-app live audio that helps contextualize market news.
The concept of making investments more accessible is not unique to Public.com, with its most notable competitor being the larger and more established Robinhood. One draw that Public has over the competition is its focus on creating a social community; and it has also been quick to innovate, such as with the launch of investment research tool Alpha, powered by GPT-4. Its UK launch, ahead of Robinhood, should also help cement its position in the market.
Kirsty
Company Specialist
Insights
43% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Feb 2021
$220m
SERIES D
Dec 2020
$65m
SERIES C
Total funding: $309.5m
Company benefits
- Fully paid health, dental, and vision premiums
- 401(k) matching - ongoing 4% company match
- Paid time off - vacation days and additional sick leave
- Wellness stipend - up to $750/year on gym memberships, massages, and more
- Paid parental leave - up to 3 months of paid parental leave and additional time to care for your children
- Flexible spending account
- Citi Bike membership
- Reproductive care - $5,000 travel stipend if reproductive care is unavailable where you live
- In-office meals
Company values
- Honesty kills bullshit
- Feedback comes from a place of care
- Loyalty through care
- Autonomy through alignment
- Work fast through organized speeding
- Embrace urgency
- We are directly responsible
- We don't make excuses
- What could go right?
- Find a way
Company HQ
Financial District, New York, NY
Articles
Leadership
Jannick Malling
(Co-CEO)Previous Head of Product in the founding team at CFH Group, and co-founder of Tradable.
Leif Abraham
(Co-CEO)Previously co-founded and was CEO at AND.CO. Also co-founded Pay with a Tweet, and has worked as Director of Product Experience at West.
Matt Kennedy
(COO)Previously a Trading Associate at Dominick & Dominick.
Sean Hendelman
(Board Member)Founder and CEO at T3 Companies.
Salary benchmarks
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