Advisory Compliance Specialist

Robinhood
April 24, 2023
Contact:N/A
Offerd Salary:$115000 - $135000
Location:N/A
Working address:N/A
Contract Type:Other
Working Time:Negotigation
Working type:N/A
Ref info:N/A
Join a leading fintech company that's democratizing finance for all.

Robinhood was founded on a simple idea: that our financial markets should be accessible to all. With customers at the heart of our decisions, Robinhood is lowering barriers and providing greater access to financial information. Together, we are building products and services that help create a financial system everyone can participate in.

As we continue to build...

We're seeking curious thinkers looking to co-author the next chapters of our story. Joining now means helping shape our vision, structures and systems; playing a key-role as we launch into our ambitious future.

About the team:

The preferred location for this position is in or around Robinhood's offices in New York, NY, or Chicago, IL, or Lake Mary, FL with in-office work capabilities, as may be required by management.

The Compliance Specialist will help create and champion a culture of compliance for a new investment advisory business unit at the pre-launch and development stage. As a primary point of contact for this business, you will coordinate with teams across the broader Robinhood spectrum to identify and solve problems, research unique issues, and collaborate to achieve a successful launch. You'll help set the path for a customer-friendly, uniquely compelling, regulatorily compliant advisory product. You will be expected to understand the requirements of a fiduciary's duty to serve clients and have experience documenting best practices and procedures, creating surveillance tools, enforcing information barriers, responding to regulatory requests and required filings, and advancing a compliance program forward in response to new rules and requirements.

What you'll do day-to-day:
  • Develop, administer, and operationalize the regulatory framework around a new business unit, including implementation of supervisory and operational policies and procedures.
  • Be a primary resource for operations, customer service and business teams, and across Robinhood's affiliated companies
  • Conduct internal testing, surveillance, audits and exams, risk assessments, and annual reviews to validate supervision and controls are in place, and procedures are accurate
  • Research and respond to regulatory inquiries, exams and audits, complaint resolution, and customer inquiries
  • Development and delivery of training program, in coordination with broader continuing education and compliance training programs
  • Identify potential areas of compliance vulnerability and risk, propose solutions to resolve issues, and provide guidance for future avoidance of similar issues
  • Review, approval, and tracking of marketing and advertisements for the RIA as well as co-branded content.
  • Build essential workflows that achieve requirements including annual notifications, best execution review, testing for books and record retention, establish proper information barriers, and identify conflicts of interest.
  • About you:
  • 5-10 years compliance experience with an investment adviser and broker- dealer
  • Deep understanding of SEC Investment Advisers ‘40 Act, FINRA, and ERISA rules and regulations
  • Demonstrated written, verbal, and presentation skills to communicate ideas and information effectively in a clear manner whether directly to co- workers and partners, leadership teams and committee members, or outside vendors and regulators.
  • Exceptional organizational skills with an ability to think critically, solve problems and implement process improvements
  • Trustworthy, highly-motivated, multi-task oriented, and ability to thrive in an entrepreneurial environment, while pushing products and projects toward the finish line
  • A passion for Robinhood's product, and our mission to democratize for all access to America's Financial System
  • Series 7 and 65/66
  • Bonus points:
  • Previous experience at a financial services regulator (SEC or FINRA)
  • Principal securities licenses (Series 24, 9/10, 4) and certifications (CRCP, CAMS)
  • The expected salary range for this role is based on the location where the work will be performed and is aligned to one of 3 compensation zones. This role is also eligible to participate in a Robinhood bonus plan and Robinhood's equity plan.

    US Zone 1: $115000 - $135000 US Zone 2: $94000 - $110000 US Zone 3: $85000 - $100000

    Base pay for the successful applicant will depend on a variety of job-related factors, which may include education, training, experience, location, business needs, or market demands. You can view comp zones for our US office locations in the table below. For other locations not listed, compensation can be discussed with your recruiter during the interview process.

    Office locations (by comp zone) US Zone 1: Menlo Park, NYC, Seattle, Washington DC US Zone 2: Denver, Westlake (Dallas), Chicago US Zone 3: Lake Mary

    We're looking for more growth-minded and collaborative people to be a part of our journey in democratizing finance for all. If you're ready to give 100% in helping us achieve our mission—we'd love to have you apply even if you feel unsure about whether you meet every single requirement in this posting. At Robinhood, we're looking for people invigorated by our mission, values, and drive to change the world, not just those who simply check off all the boxes.

    Robinhood promotes diversity and provides equal opportunity for all applicants and employees. We are dedicated to building a company that represents a variety of backgrounds, perspectives, and skills. We believe that the more inclusive we are, the better our work (and work environment) will be for everyone. Additionally, Robinhood provides reasonable accommodations for candidates on request and respects applicants' privacy rights. To review Robinhood's Privacy Policy please visit Robinhood - US Applicant Privacy Policy. If you are an an applicant located in the UK or EEA, please visit the Robinhood UK/EEA Applicant Privacy Policy.

    Click here to learn more about Robinhood's Benefits.

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