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Treasury Analyst, Regulatory Operations (FCM)

Underdogfantasy
8 days ago
Full-time
Remote
Worldwide
Remote Finance

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

  • Execute and monitor daily customer fund segregation and secured amount calculations in compliance with CFTC regulations
  • Manage daily cash positioning to meet customer withdrawal requests, exchange margin requirements, and regulatory minimums
  • Initiate, review, and release wire transfers with strict adherence to internal controls and approval workflows
  • Support exchange and clearinghouse margin funding, including variation and initial margin movements
  • Monitor liquidity and identify potential shortfalls or excesses, escalating issues as needed
  • Maintain accurate records of cash movements, collateral, and bank balances across multiple accounts
  • Support regulatory reporting, audits, and examinations related to treasury and cash management activities
  • Collaborate with Accounting, Compliance, and Operations to ensure accurate, timely, and compliant treasury processes

Who you are

  • You have 2–4+ years of experience in treasury, cash management, regulatory operations, or financial operations within a regulated financial institution (FCM, broker-dealer, clearing firm, bank, etc.)
  • You are familiar with customer protection or reserve-style calculations (CFTC segregation or SEC Rule 15c3-3 experience highly transferable)
  • You have a strong understanding of cash management processes, wire controls, and bank