About Altruist
Altruist is transforming the multi-trillion dollar wealth management industry by building an AI platform for wealth professionals. We partner with financial advisors nationwide, empowering them to grow, optimize time and resources, and deliver superior outcomes for their clients.
We're looking for exceptional talent to help us achieve our mission of making financial advice better, more affordable, and accessible to all. If you're passionate about challenging the status quo and want to do the most important work of your life, we'd love to meet you!
But first, our values
Kindness - Kindness doesn’t just equal niceness. We listen to understand. We embrace, and encourage healthy debate and diverse perspectives. We approach conflict openly, honestly, and respectfully.
Brilliance - Humility is the skill we’re most proud of and possessing a growth mindset is always top of mind. We take ownership in everything we touch; regularly using our unique superpowers to reach a common goal as a team. We succeed and fail as one.
Grit - When challenges arise, we stay laser focused on achieving our mission and finding a way forward, even when it’s hard. We are nimble and maintain a sense of urgency, swiftly adapting to change and overcoming obstacles.
The opportunity
Altruist is seeking a Senior Manager, Trading Credit Risk – Margin & Options to provide senior-level leadership over credit risk arising from customer trading activity. This role is responsible for overseeing margin and options credit exposure, setting risk strategy, and leading a team that manages risk through both steady-state operations and periods of market stress. You’ll act as a key risk leader and escalation authority, partnering closely with Trading, Brokerage Operations, Product, Engineering, Compliance, and executive Risk leadership to build out the risk framework, develop talent, and help launch and scale our margin and options offerings so programs remain compliant and scale safely.
What you’ll do
- Provide senior leadership for trading credit risk oversight related to margin lending and options trading
- Set and maintain credit risk strategy, limits, thresholds, and escalation frameworks
- Oversee monitoring of customer leverage, buying power, margin balances, and options exposure
- Lead response to market stress events, including elevated margin calls, forced liquidations, and systemic risk scenarios
- Review and challenge margin methodologies, options risk frameworks, and liquidation strategies
- Serve as a senior escalation point for high-risk accounts, complex scenarios, and firm-wide credit risk events
- Oversee and manage collateral requirements and firm obligations at The Options Clearing Corporation (OCC)
- Partner with Trading, Product, and Engineering on risk rule changes, automation, and platform enhancements
- Lead preparation and presentation of credit risk reporting to senior leadership and risk committees
- Support and lead regulatory exams, audits, and supervisory interactions
- Own and maintain credit risk policies, WSPs, and governance documentation
- Lead, mentor, and develop managers and analysts; build a strong, resilient risk team
- Drive continuous improvement of risk analytics, controls, and monitoring tools
What you bring
- 7+ years of experience in trading credit risk, margin risk, or brokerage risk management
- Deep, hands-on expertise in margin lending and options trading
- Strong understanding of customer leverage, options strategies, and liquidation mechanics
- Experience managing OCC collateral and clearing risk requirements and familiarity with OCC Encore
- Extensive experience in a second-line risk oversight or independent risk function
- Proven people leadership experience, including managing managers or leading larger teams
- Ability to make sound risk decisions under pressure and during volatile market conditions
- Strong executive communication skills and ability to influence senior stakeholders
- Excellent judgment, strategic thinking, and operational discipline
Licenses and credentials
- Series 7 and Series 63 required
- Series 24 and Series 4 required
- Series 57 required, or the ability to obtain within 90 days of employment
Nice to have
- Experience at a custodian, clearing firm, or fintech brokerage
- Familiarity with FIS and Sterling trading platforms is a plus
- Background in stress testing models, margin engines, or automated credit risk systems
- Experience leading risk functions through significant market events
- Familiarity with clearing, OMS/EMS, or brokerage risk platforms
- Experience scaling risk programs in high-growth environments
Why you'll love this role
- Senior ownership of high-impact trading credit risk
- Opportunity to shape firm-wide margin and options risk strategy
- High visibility with executive leadership and risk governance forums
- Leadership role with meaningful team-building responsibility
- Mission-driven culture focused on protecting clients while enabling growth
What we bring
Attracting and retaining top-tier talent is a priority. We are proud of the culture we’ve built and are cognizant of the ever-changing professional landscape. Our dynamic offering of perks and benefits are tailored for you to feel your best while doing your best.
- A hybrid work schedule for most positions to promote strong, in-person collaboration.
- Stunning, amenity-filled office spaces in Culver City, CA, San Francisco, CA, and Dallas, TX. Our offices are intentionally designed for comfort, collaboration, and productivity.
- Competitive pay and equity for eligible positions.
- Premium healthcare, dental, and vision insurance plans (HMO and PPO).
- 401k savings plan with a 4% match and immediate vesting.
- 16 week paid parental leave.
- Professional growth and development opportunities including an employee mobility program and an annual L&D budget allocation for each employee.
- Company perks program (includes discounts on pet insurance, fitness, cell phone plans, and travel, etc.).
- Financial guidance program (includes counseling on navigating debt, tracking personal spend, saving and planning goals, home-purchasing preparedness, etc.).
- One month work from anywhere policy (with the exception of a few countries).
Total compensation includes a competitive benefits package, along with equity in the form of Stock Options (ISOs) for eligible roles. For salaried positions, a salary offer will be determined by a number of factors including experience, skill level, internal pay equity, geographic location, and other relevant business considerations. We review all employee pay and compensation programs regularly to ensure fair, equitable, and competitive pay. At Altruist, we are committed to providing fair, equitable, and competitive compensation by leveraging market data to inform our pay bands. Base salaries will be reviewed at regular intervals throughout the year, typically in conjunction with performance review cycles. By evaluating compensation on a regular basis, we are able to reward high performance and ensure all employees have opportunities for growth.
Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Altruist we are dedicated to building a diverse, inclusive, and authentic workplace, so if you’re excited about this role, but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.
Top Skills
What We Do
Altruist is on a mission to make independent financial advice better, more affordable, and accessible. We’ve built an all-in-one platform that reduces barriers for financial advisors to deliver great advice. Our software makes advisors more efficient and gives them the freedom to charge less. This means clients pay less, make more, and gain confidence. We want to help tens of millions of people have an amazing experience with their money by supporting thousands of financial professionals.
Why Work With Us
We're helping more people get access to quality financial advice. This means lower costs, no minimums, and full transparency. Our team is passionate about our mission and we love working together. Altruist provides all the usual perks of a tech startup, just no ego or politics. We believe in hiring brilliant, hard-working, nice people (no jerks).
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