Futures Operations Specialist

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, growth minded thinkers to help shape our vision, structures and systems; playing a key-role as we launch into our ambitious future. If you're invigorated by our mission, values, and drive to change the world — we'd love to have you apply.

About the team + role

Robinhood Derivatives (RHD) is Robinhood's newly formed entity that focuses on futures, event contracts, and options on futures. Our operations and trading team will help coordinate and lead business operations and internal functions for this entity to ensure a successful setup, launch, and opportunity to scale.

As the Futures Operations Specialist, you will perform essential daily duties to keep our futures business running efficiently, including clearing and settlement of futures and futures options trades, analyzing trade and position reconciliations, resolving various futures trading issues, and reviewing several regulatory reports to ensure proper compliance. The role will work on initial setup of futures operational processes, tools, documentation, and workflows. Additionally, you'll be working with various third party clearing firms and vendors to maintain a proper working relationship and will be working closely with vital internal teams including CX, Legal, Compliance, Engineering, Financial Crimes, Finance, and Customer Trust and Safety to meet customer needs and expectations.

The role is located in the office location(s) listed on this job description which will align with our in-office working environment. Please connect with your recruiter for more information regarding our in-office philosophy and expectations.

What you'll do

Review daily trade, position, and cash reconciliations

Processing of trade corrections, cash discrepancies, and position breaks

Research, prioritize, and resolve futures related customer escalations

Keep detailed records in accordance with standard operating procedures

Ensure adherence to firm procedures and industry regulations

Coordinate with product and engineering partners to translate business and regulatory requirements to enhance futures operational processes

Act as a key partner with Compliance and cross functional teams to document and maintain processes and WSPs

Develop, manage, and continuously improve processes for scale that help RHD Operations team meet its goals more efficiently and effectively

Work with cross functional teams to collect, prioritize and communicate product-related challenges to be considered for future development

What you bring

A demonstrated history of operational excellence and problem solving

4+ years of experience in Brokerage Operations, Financial Services, or related field

Strong understanding of futures market and back office clearing

Exceptional leadership, communication, time management, problem solving and analytical skills.

Strong collaboration and influencing skills to work with colleagues across the company to quickly resolve issues and develop long term strategies for growth

Ability to prioritize and complete multiple daily tasks and projects with various deadlines

Active Series 3 or ability to obtain within 90 days

What we offer

Market competitive and pay equity-focused compensation structure

100% paid health insurance for employees with 90% coverage for dependents

Annual lifestyle wallet for personal wellness, learning and development, and more!

Lifetime maximum benefit for family forming and fertility benefits

Dedicated mental health support for employees and eligible dependents

Generous time away including company holidays, paid time off, sick time, parental leave, and more!

Lively office environment with catered meals, fully stocked kitchens, and geo-specific commuter benefits

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 chart below. For other locations not listed, compensation can be discussed with your recruiter during the interview process.

US Zone 1: Menlo Park, CA; New York, NY; Seattle, WA; Washington, DC

US Zone 2: Denver, CO; Westlake, TX; Chicago, IL

US Zone 3: Lake Mary, FL

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. 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. For other locations not listed, compensation can be discussed with your recruiter during the interview process.

Zone 1 (Menlo Park, CA; New York, NY; Bellevue, WA; Washington, DC)

$102,000—$120,000 USD

Zone 2 (Denver, CO; Westlake, TX; Chicago, IL)

$90,000—$106,000 USD

Zone 3 (Lake Mary, FL)

$80,000—$94,000 USD

Click here to learn more about Robinhood's Benefits.

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 embraces a diversity of backgrounds and experiences 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 review the specific policy applicable to the country where you are applying.