Senior Compliance Manager, Betterment
$160-193k
+ Equity.
More information about location
3 days a week in office
Banking and investment app
Be an early applicant
Banking and investment app
501-1000 employees
Be an early applicant
$160-193k
+ Equity.
More information about location
3 days a week in office
501-1000 employees
Company mission
To make people’s lives better.
Role
Who you are
- You are eager to join a dynamic team to help build out the compliance function at one of the most innovative registered investment advisers and broker-dealers
- You’re thorough, inquisitive, intellectually curious, and detail oriented
- You love building things from scratch and thrive in a fast paced environment
- You’re very familiar with the applicable rules and are excited to use those skills to enhance the compliance program
- You think outside the box and find working across the business to find solutions fun
- You are ready to roll up your sleeves and get to work in a fast-paced and exciting work environment!
- At least 7 years of experience regarding fraud, AML or related areas of coverage
- Thorough knowledge of FINRA and SEC rules and regulations governing broker-dealers, as well as AML laws, rules and regulations
- Strong analytical and problem-solving skills, as well as the ability to exercise sound and balanced judgment
- Ability to build effective relationships and develop strong partnerships across the business
- A solutions-oriented mindset and organizational agility
- Excellent writing and communication skills
- A meticulous attention to detail
What the job involves
- Lead Betterment’s Financial Crimes/AML/BSA Compliance Program: Oversee the company’s anti-money laundering and Bank Secrecy Act program, investigate suspicious activity, and ensure timely regulatory reporting
- Maintain and Improve Compliance Standards: Continuously update the AML/BSA program to stay compliant with federal and state laws, including the Bank Secrecy Act, USA PATRIOT Act, and OFAC rules
- Advise on Financial Crime Compliance: Work with internal teams to offer practical compliance guidance related to AML, BSA, OFAC, and other financial crime regulations across our products and services
- Collaborate on Business Growth: Partner with product, partnerships, and other teams to support new launches and enhancements while ensuring strong financial crime compliance
- Manage External Partnerships: Coordinate with banking partners and other service providers to meet AML/BSA requirements, including support for audits
- Support Vendor Reviews: Help evaluate and approve vendors from a financial crime compliance perspective during onboarding and due diligence
- Oversee Key Compliance Controls: Lead efforts around customer due diligence (CDD), enhanced due diligence (EDD), transaction monitoring, and sanctions screening
- Handle Regulatory Changes: Monitor and manage updates to financial crime laws and regulations, and ensure internal processes are updated accordingly
- Lead Monitoring and Training Programs: Implement and manage compliance-related training, risk assessments, ongoing monitoring, and third-party audits
Application process
- We’ll take a few weeks to review all applications
- If we’d like to spend more time with you, we’ll reach out to arrange next steps, which will include 3-4 sets of meetings with your future colleagues
- In the interview process, we’ll look to learn more about your skills, experiences, capabilities, and motivators
- Many of our questions will be aimed at understanding how you might operate here at Betterment
- Depending on the role, we may ask you to complete a case study exercise or technical assessments, as we want to collect a robust set of data points to better inform our decisions
- On average, it takes us around 3-5 weeks to make a hiring decision, depending on your availability and sense of urgency
- As a best practice, we aim to interview at least 2-3 final round candidates before making a hiring decision
- Please note that, as we usually receive an overwhelming number of applications for open positions, we’re unable to offer individual feedback during the interview process
Our take
Betterment is an app-based investment platform that provides personal finance data and guidance to retail users through a range of real-world data and AI analytics to deliver investment advice to customers.
The company has become the largest independent digital investment advisor in the U.S. Having expanded its 401k business, Betterment has entered the world of Crypto, partnering with Gemini to offer customized crypto portfolios and its "Crypto Investing by Betterment" platform.
Betterment has a wealth of competition in this increasingly crowded space. Other robo advisors offering similar services include Moneyfarm, Wealth Simple, M1 Finance and Personal Capital. Going forward, Betterment hopes to further distance itself from rivals as it further innovates its platform.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-6% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Sep 2021
$60m
SERIES F
Jul 2017
$70m
SERIES E
Total funding: $335m
Company benefits
- Health and wellness: Get comprehensive medical, dental, and vision, plus a free subscription to One Medical.©
- Generous time off: We encourage you to take time off (seriously) and get the rest you need to do your best work.
- Paid parental leave: We welcome new additions to your family with 12-18 weeks of parental leave.
- Matching benefits: We offer a 401(k) match and a match on qualified student loan payments
- Equity: Gain stake in Betterment’s success with company equity grants.
- Free food: Snacks, beverages, and catered lunches at our NYC HQ
- Long-term health resources: We provide LGBTQIA+ transition and fertility support.
- Find your community: Make connections through seven employee affinity groups and a social calendar of hybrid events.
Company HQ
Flatiron District, New York, NY
Leadership
Jonathan Stein
(Board Member)After studying Economics at Harvard, Jonathan worked as a Consultant at First Manhattan Consulting Group for over 4 years. He founded Betterment in 2007, serving as CEO until 2020 when he stepped down to Chairman of the Board.
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