Treasury Operations Specialist, Robinhood
$70-105k
+ Bonus programs & equity ownership. Salary dependent on location
3+ days a week in office
Commission-free stock trading platform
Open for applications
Commission-free stock trading platform
1001+ employees
Open for applications
$70-105k
+ Bonus programs & equity ownership. Salary dependent on location
3+ days a week in office
1001+ employees
Company mission
To democratize finance for all.
Role
Who you are
- Deep understanding of accounting principles and reconciliation across payment systems like ACH, wire, and card networks
- 3 - 5+ years experience owning end-to-end treasury or payment operations processes, especially in fast-paced or regulated settings
- Proficiency in Excel (pivot tables, advanced formulas) comfortable building custom workbooks and uncovering insights from large datasets
- Strong cross-functional collaboration skills, with the ability to communicate clearly with Product, Engineering, and Finance partners
What the job involves
- As a Treasury Operations Specialist, you’ll own detailed reconciliation workflows and refine how we settle payments. The team's objective is to provide scalable, secure, and accurate treasury operations in order to maintain customer trust and regulatory compliance.
- You’ll work cross-functionally to strengthen controls, reduce friction, and scale treasury operations as our products expand
- You’ll be directly responsible for ensuring our general ledger aligns with partner data and banking activity across multiple rapidly scaling transaction flows
- Own reconciliation frameworks across internal ledgers, external bank data, and partner systems
- Lead all aspects of daily cash settlements via ACH, wires, and other payment rails
- Partner with Compliance, Corporate Accounting, and Financial Operations to maintain detailed and accurate reporting
- Collaborate with Product and Engineering to design, document, and implement treasury support for new payment flows
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
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 HQ
Downtown Menlo Park, Menlo Park, CA
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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