Money AML Compliance Senior Lead, Robinhood
$123-165k
Salary dependent on location + Equity plan + Bonus plan
Commission-free stock trading platform
Be an early applicant
Commission-free stock trading platform
1001+ employees
Be an early applicant
$123-165k
Salary dependent on location + Equity plan + Bonus plan
1001+ employees
Company mission
To democratize finance for all.
Role
Who you are
- Bachelor’s Degree in a related field
- 6+ years working in AML investigations/regulatory compliance, preferably in payments
- Extensive knowledge of AML regulations and risk identification capabilities
- Strong business strategy, advisory, legal, or financial intelligence unit (FIU) experience
- Experience with AML controls, financial services AML typologies, rule building and analytics across multiple payments products
- Strong communication skills (written and oral), and ability to influence a broad range of stakeholders to drive initiatives and effect change
- Proven experience executing in the details and continuously improving processes
- Self-starter with ability to work independently
What the job involves
- The Robinhood Money (“RHY”) Compliance AML Senior Lead will work as a part of a team to identify and address key AML challenges and concerns
- You will continuously assess the state of RHY’s AML Compliance Program to provide recommendations and assist in enhancing RHY’s oversight of Robinhood’s Financial Crimes Team
- You will coordinate with cross-functional stakeholders to drive timely decision-making in response to latent and emerging AML risks
- Additionally, you will ensure consistent application of AML best practices, policies and procedures
- Provide guidance and advisory to Product and Engineering teams on AML Compliance requirements and product design features
- Build consensus with the Financial Crimes, Account Servicing, Product, Engineering and Fraud teams to drive targeted initiatives
- Identify, advise and implement efficient and accurate improvements to enhance RHY’s oversight of Robinhood’s Financial Crimes team
- Coordinate with cross-functional teams of SMEs to analyze new product vulnerabilities and control proposals
- Proactively identify opportunities for process improvement and coordinate with RHY AML and Financial Crimes leadership teams to prioritize resources accordingly
- Review transaction surveillance trends and metrics, policies and procedures to improve RHY and enterprise-level AML risk posture
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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