Job description
is one of the world’s largest cryptocurrency and financial services platforms, founded in 2016 and serving customers across the globe. In the United States, operates a fully regulated derivatives business through | Derivatives North America (formerly the North American Derivatives Exchange, or Nadex) — a U.S. Commodity Futures Trading Commission (CFTC)-regulated Designated Contract Market and Derivatives Clearing Organization headquartered in Chicago — together with its affiliated Futures Commission Merchant (FCM), Foris DAX FCM LLC.
This structure gives control over the full U.S. futures stack — exchange, clearing house, and broker — a regulated footprint that is rare among crypto-native firms. It places the business at the forefront of prediction markets: one of the fastest-growing and most closely watched categories in finance today, where customers trade on the outcomes of real-world events across economics, politics, sports, and culture. Customer interest and trading volumes in this space have surged, and is investing heavily to scale its regulated prediction-markets and derivatives business. The Treasury function sits right at the center of that growth — safeguarding customer funds and ensuring the liquidity that keeps these markets running.
### Role Overview
Reporting to the Director of Finance and Accounting – Americas, the U.S. Treasurer leads the treasury function for ’s U.S. and Canadian derivatives and prediction-markets entities, including the Futures Commission Merchant (FCM) and Nadex. Leading a team of four, the Treasurer owns cash and liquidity management, payments and settlement, banking relationships, custody operations, and treasury controls across multiple legal entities. This is a hands-on leadership role with a clear mandate to modernize the function through process automation and artificial intelligence (AI), operating in a highly regulated, deadline-driven environment where the continuous protection of customer funds and the sufficiency of liquidity are paramount. As one of the fastest-growing businesses in the industry, this is a rare opportunity to build and scale the treasury operations behind a rapidly expanding prediction-markets franchise.
### Leadership & Team Management
- Lead, develop, and retain a high-performing U.S. Treasury team of four — setting clear goals, coaching team members, and holding the team to high standards of accuracy and accountability.
- Set clear, measurable expectations and hold team members accountable through performance scorecards — an accountability standard this role both champions and is measured against.
- Drive team performance and build bench strength, ensuring robust backup coverage across all critical treasury functions.
- Serve as a strategic treasury partner to senior business, Product, Trading, and Technology leadership.
- Coordinate with global treasury counterparts on shared priorities, deadlines, and upcoming product launches.
### Treasury, Cash & Liquidity Management
- Own daily cash position monitoring across multiple legal entities, tracking balances, liquidity levels, capital requirements, and funding obligations.
- Direct daily treasury funding transfers, ensuring timely execution, confirmed settlement, accurate tracking, and prompt escalation of issues.
- Maintain sufficient liquidity to meet all customer and operational obligations at all times.
- Oversee daily reconciliations across trading systems and bank accounts, ensuring reconciling items, breaks, and exceptions are investigated and resolved promptly.
- Design and adjust flow-of-funds for new products, accounts, and banking arrangements, partnering closely with Product and Technology teams.
### Banking Relationships, Settlement & Custody
- Review and approve daily payments, wires, and vendor (accounts payable) disbursements across entities.
- Serve as the primary point of contact for banking partners, and manage bank account opening and closure for U.S. and Canadian entities.
- Administer banking and payment-portal access — entitlements, approval limits and authorities, multi-factor authentication (MFA), periodic access reviews, and segregation of duties.
- Oversee vault operations and custody settlement, including financial operations for trust and custody services (user administration, transaction policies, and token management) and review and approval of related invoices.
- Manage bank-partner due-diligence requests and cross-border foreign exchange (FX) settlement.
- Actively manage and drive down treasury-related costs — including bank account analysis fees — while optimizing interest income and earnings credit rate (ECR) across banking relationships.
- Respond to operational disruptions (e.g., exchange outages) that affect settlement, coordinating across Technology and third-party partners.
### Process Automation & AI
- Champion the use of process automation and artificial intelligence (AI) to modernize treasury operations and improve efficiency, accuracy, controls, and scalability.
- Maintain and expand existing automations, including end-of-day reconciliation and reporting send-outs, transaction review and approval tracking, and daily balance reporting by entity.
- Define and execute the treasury automation roadmap, prioritizing high-impact opportunities across cash, settlement, reconciliation, and reporting.
### Regulatory, Audit & Compliance (Critical)
This is a deadline-driven function with strict, recurring timelines for regulatory reporting. Responsibilities include, but are not limited to:
- Ensure ongoing compliance with customer-funds protection requirements and applicable National Futures Association (NFA) and CFTC obligations, including customer segregated funds (CFTC 1.20, 30.7, 22.2) and residual interest.
- Support regulatory reporting, regulatory examinations, and internal and external audit requests across the FCM, Nadex, and related entities.
- Manage state unclaimed-property reporting and other statutory compliance obligations.
### Required Qualifications
- Bachelor’s degree in Finance, Accounting, Economics, or a related field.
- 8+ years of progressive treasury, finance, or financial-operations experience, including at least 2–3 years leading and managing teams.
- Proven people-leadership skills, with a track record of building and driving high-performing teams.
- Experience holding team members accountable to performance scorecards or similar structured, metrics-based performance frameworks.
- Hands-on expertise applying process automation and artificial intelligence (AI) to finance or treasury workflows.
- Demonstrated experience driving down treasury-related costs, including reducing bank account analysis fees and improving interest income and earnings credit rate (ECR).
- Strong cash management, liquidity, and funding experience, ideally across multiple legal entities.
- Experience overseeing payments and settlement operations and reconciliation controls.
- Experience managing banking relationships and bank-account administration.
- Experience operating in a regulated financial services environment (e.g., exchange, broker, crypto entity, futures commission merchant, or bank).
- Strong attention to detail and a commitment to accuracy.
- Demonstrated strong communication skills, with the ability to partner across functions and with senior stakeholders.
- Comfortable working to strict, recurring deadlines, particularly for time-sensitive regulatory reporting.
### Preferred Qualifications
- Direct experience at a Financial Institution, Futures Commission Merchant, Designated Contract Market, clearing house, or derivatives clearing organization.
- Working knowledge of customer segregation rules (CFTC 1.20, 30.7, 22.2) and residual interest requirements.
- Certified Treasury Professional (CTP), Chartered Financial Analyst (CFA), or Certified Public Accountant (CPA) designation.
- Demonstrated success scaling automation and artificial intelligence (AI) within a finance or treasury function.
- Experience with multi-entity and cross-border (U.S. and Canada) treasury operations.
- Exposure to digital assets, custody operations, crypto markets, or prediction markets.
- Hands-on experience with a treasury management system (TMS), advanced Microsoft Excel, and business intelligence (BI) tools (e.g., Tableau, Power BI).
### Work Arrangement
This is a full-time, hybrid position based in Chicago, IL, with an expectation of regular in-office presence alongside remote work.
