Director of Operational Risk Oversight, Robinhood
$166-250k
Salary dependent on location. This role is also eligible to participate in a Robinhood bonus plan and Robinhood’s equity plan
More information about location
Commission-free stock trading platform
Posted today
Commission-free stock trading platform
1001+ employees
Posted today
$166-250k
Salary dependent on location. This role is also eligible to participate in a Robinhood bonus plan and Robinhood’s equity plan
More information about location
1001+ employees
Company mission
To democratize finance for all.
Role
Who you are
- A minimum of 14 years of experience in working in risk management
- Expertise in operational risk management in financial markets, including Brokerage and Crypto
- Experience working with financial industry regulators
- Experience with anti-fraud practices, internal/online-fraud scenarios
- Strong expertise in how technical and cyber security impacts and supports operations
- Strong understanding of Internal Audit practices and ability to understand how to maintain independence in ERM
- Ability to build strong relationships and influence stakeholders in both technical and non-technical space; ability to explain complex concepts for various audiences, and have superior written and oral communication skills
- Strong communication skills and ability to work with executive leadership
- Ability to work and thrive in a fast-paced environment with bias to action and driving results
What the job involves
- Enterprise Risk at Robinhood is assisting the company’s Risk Committee of the Company Board with protecting assets, reputation, and sustainability of the organization
- Enterprise Risk provides independent, objective, reliable, valued and timely assurance regarding the effectiveness of governance, risk management, and internal controls that address current and emerging risks to help strengthen the internal controls ecosystem
- As Operational Risk Governance and Oversight Director you will be responsible for identifying and monitoring risks associated with process and technology operations at Robinhood
- Partner closely with Front line business and risk teams to provide oversight and governance over execution risk, transaction risks, operational and technology risks for both, US and International entities
- Perform focused deep dives (as needed) on high priority operational areas: Customer/product impact, People risk, Technology risk, Security and privacy risks, Business disruptions and system outages (including business continuity events), Internal/external fraud risks, Financial risks, Third party and vendor risks, Other emerging operational risks
- Oversight of external events, incidents/ events and root cause analysis that may impact operational risk
- Establish and evaluate risk appetite program for top risk areas at the enterprise level, including: Key risk indicators/risk metrics, Risk appetite statements, Facilitate risk tolerance discussions and metric breaches
- Support risk monitoring & oversight: Participate in ERM working group, Participate in Front Line committee meetings for risk oversight, Participate in strategic planning for ERM
- Support risk reporting: Board, executive dashboard and reporting, Operational loss summary, Risk metrics risk appetite breach reporting
- Support model risk governance - with operational use cases and scenarios to facilitate risk stress testing
- Support the growth of the risk program in conjunction with the growth of the company
Our take
For years, traditional brokers ruled the share trading realm, charging hefty fees that locked out everyday investors. Robinhood emerged as a disruptor, offering commission-free trading and opening the door to a new generation. Its innovative model thrives on premium features like increased buying power and extended trading hours, attracting a younger audience drawn to meme stocks like AMC and GameStop.
But Robinhood's not just about quick thrills. The company claims its mission lies in catering to "the unmet needs of the next generation," evidenced by its "Robinhood Retirement" launch, targeting gig-economy workers often excluded from financial planning. This commitment to accessibility aligns with its core values.
However, 2023 brought unexpected turbulence, as Robinhood became entangled in the FTX cryptocurrency exchange bankruptcy scandal when it emerged that the US Department of Justice seized hundreds of millions of dollars of the company's shares tied to FTX founder Bankman-Fried. Despite these challenges, Robinhood successfully bought back the missing stock, and its impact on democratizing finance remains undeniable.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Some candidates hear
back within 2 weeks
39% female employees
-23% employee growth in 12 months
Company
Funding (last 2 of 13 rounds)
Feb 2021
$2.4bn
CONVERTIBLE
Jan 2021
$1bn
LATE VC
Total funding: $5.6bn
Company benefits
- Well-being - Premium medical, dental, and vision insurance
- Family & home life - Parental leave, personal prosperity benefits
- Comfort & care - Annual lifestyle stipend
- Office life - Catered meals and fully stocked kitchen, commuter benefits
- Growth - Education and training, community events, career mentorships
Company values
- Safety First: Robinhood is a safety-first company
- Participation is Power: At Robinhood, the rich don’t get a better deal
- Radical Customer Focus: We exist to make our customers happy
- First-Principles Thinking: We make bold bets and challenge the status quo
Company HQ
Downtown Menlo Park, Menlo Park, CA
Articles
Leadership
Vlad Tenev
(Co-Founder)Studied Mathematics at Stanford University, where they met their fellow co-founder. Dropped out of a PhD to start Robinhood.
Baiju B.
(Co-Founder)Studied Mathematics and Physics at Stanford University, where they met their fellow co-founder.
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