Manager of Margin and Options Operations

Altruist•Dallas, TX

6d•Hybrid

About The Position

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! Altruist is entering a critical growth phase as we launch and scale two of the most complex and high‑impact capabilities in a modern custodial platform: Margin and Options trading. We’re hiring a Manager, Margin & Options Operations to stand up, lead, and scale the operational function responsible for safely supporting these products. This is a hands-on leadership role with direct accountability for daily execution, risk oversight, and regulatory alignment across margin lending and the full options lifecycle. You will lead a small, highly specialized operations team, act as a Registered Options Principal (ROP), and serve as the primary operational escalation point for margin calls, options assignments/exercises, and OCC- and FINRA‑driven risk requirements. You’ll work closely with Trading, Compliance, Legal, Product, Engineering, and external vendors (FIS, Sterling, OCC) to ensure these products are delivered with institutional‑grade controls while remaining advisor‑friendly and scalable. If you thrive in regulated environments, enjoy building teams and processes from the ground up, and want to own some of the most risk‑sensitive workflows in a broker‑dealer, this role offers meaningful scope and impact. In addition to owning day‑to‑day operations and risk oversight, this role is expected to be a core builder of the Margin and Options platform. The Manager will be deeply embedded with Product and Engineering during the design, build, testing, and launch phases—ensuring that operational reality, risk controls, and regulatory requirements are incorporated from day one. As Manager, Margin & Options Operations, you will be responsible for the end‑to‑end operational integrity, risk management, and control environment for Altruist’s margin and options offerings.

Requirements

5–10+ years of experience in brokerage or clearing operations, ideally at a broker‑dealer or custodian
Hands‑on experience managing margin operations (Reg T, maintenance calls, debit balances, PDT/GFV)
Hands‑on experience managing options operations, including assignment/exercise, OCC workflows, and reconciliation
Demonstrated experience acting as, or working closely with, a Registered Options Principal (ROP)
Proven ability to lead small, specialized teams in high‑risk, high‑volume environments
Strong knowledge of SEC and FINRA regulations, including Reg T, Rule 4210, Rule 2360, and 15c3‑3
Experience with industry platforms such as FIS Phase 3, Sterling OMS/Risk, OCC ENCORE, DTC/NSCC
Comfortable interpreting and acting on risk data from SCM and SRM
Strong documentation and audit readiness discipline
FINRA Series 7 required
FINRA Series 4 (Registered Options Principal) required or the ability to obtain quickly
Clear, confident communicator who can explain complex risk concepts to internal teams and advisors
Strong judgment and calm decision‑making under pressure
Collaborative partner across Compliance, Legal, Trading, Product, and Engineering
High ownership mentality with a bias toward action and accountability
Detail‑oriented, risk‑aware, and process‑driven without losing sight of advisor experience
Comfortable building structure in ambiguity and scaling operations alongside product growth

Nice To Haves

Series 24 strongly preferred

Responsibilities

Operational Leadership & Team Management Build and lead a unified Margin & Options Operations team in Year 1, including margin specialists, options specialists, and cross‑trained generalists
Establish clear roles, SLAs, escalation paths, and coverage models to support daily operations and peak events (e.g., expirations, volatility)
Coach, develop, and cross‑train team members to support resiliency and prepare for future team specialization
Serve as the senior operational decision‑maker during high‑risk or time‑sensitive events
Margin Operations Oversight Own daily margin workflows, including Reg T, maintenance, house, and day‑trade calls
Oversee debit balance monitoring, liquidation timelines, and exception handling
Ensure proper handling of PDT, Good Faith, and Freeride violations
Monitor concentration, liquidity, and volatility risk using SCM and Sterling Risk Monitor (SRM)
Approve margin requirement changes, extensions of time, and exception cases
Partner with Finance and Compliance on margin interest rate changes and house margin policies
Options Operations & ROP Responsibilities Act as a Registered Options Principal (ROP) for Altruist, providing supervisory oversight for options trading
Oversee daily options lifecycle processing, including: Trade and position comparison, assignment and exercise processing, expiration‑day and in‑the‑money (ITM) risk reviews, OCC spread file submission and monitoring, specific deposits and STANS margin mitigation, etc
Review and resolve uncovered or at‑risk options positions
Ensure timely and accurate LOPR submissions and remediation of rejects
Partner with the Trade Desk on advisor communication related to assignment, exercise, and expiration risk
Risk Management, Controls & Escalation Own the operational control environment for margin and options, embedding risk ownership into daily workflows
Define and monitor key risk indicators (KRIs) and operational metrics
Lead root‑cause analysis and remediation for operational incidents, trade breaks, or risk events
Serve as the primary escalation point for high‑severity margin or options issues
Prepare the team for audits, exams, and regulatory reviews with strong documentation and evidence
Cross‑Functional & Vendor Partnership Partner closely with Compliance and Legal to ensure alignment with SEC, FINRA, OCC, and Reg T requirements
Collaborate with Product and Engineering to design scalable workflows and reduce manual risk
Act as the primary operational interface with vendors such as FIS, Sterling, and the OCC
Support product launches and future expansions (e.g., higher options levels, expanded margin use cases)

Benefits

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).