Risk Manager, Betterment
$140-155k
More information about location
4-5 days a week in office
Automated investing & financial planning
Be an early applicant
Automated investing & financial planning
501-1000 employees
Be an early applicant
$140-155k
More information about location
4-5 days a week in office
501-1000 employees
Company mission
To empower people to build wealth with confidence and ease.
Role
Who you are
- 4+ years of experience in financial services with exposure to one or more operational risk areas — for example, third-party risk, fraud, incident management, identity theft, records retention, audit fieldwork and reporting, and/or governance
- Intellectual curiosity and the ability to build context quickly in unfamiliar risk areas, supported by the team and by AI tools
- Proficiency using AI and automation tools to identify, document, and communicate risk management activities
- Strong, concise written and verbal communication, including the ability to deliver effective challenge while preserving partnership
- Good judgment in ambiguous situations with limited information, while always doing what is best for our customers
- Comfort working with data (e.g., SQL, spreadsheets) to test controls and support conclusions
- Professional certifications such as the CISA are a plus, but no license is required
What the job involves
- This role sits on our Risk Management team — a small second line-of-defense (2LOD) function responsible for enterprise risk management (ERM) and effective challenge across operational risks such as third-party risk, fraud and identity theft, operational errors, and business continuity
- The team partners closely with Engineering and with other risk disciplines including Security, Compliance, Legal, and Operations
- As a Risk Manager, you will own a portfolio of risk processes, perform risk assessments, and consult with management to keep our risk posture strong as the business grows
- You will use AI and automation tools throughout your work to build context quickly, analyze data, and communicate risk clearly
- Own a portfolio of risk processes end to end, where success comes from a high degree of ownership over outcomes
- Proactively monitor risks related to third-party vendors
- Follow up on open issues to drive management attention and timely remediation
- Provide effective challenge feedback to product managers on new products and features
- Operate and monitor the results of control testing and monitoring processes
- Run SQL queries and reports, using AI tools for efficiency and automation
- Document complex business processes
- Provide evidence to auditors and examiners
- Partner across the second line and with Engineering, Security, Compliance, Legal, and Operations to assess and communicate risk in a way that earns buy-in
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
- We recognize that interviewing for a new role is a big deal. We appreciate you considering Betterment as the next step in your career, and our Recruiting Team is here to support and advocate for you through the interview process!
- Please note that in any materials you submit, you may redact or remove age-identifying information such as age, date of birth, or dates of school attendance or graduation. You will not be penalized for redacting or removing this information
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
- Compensation & Ownership: Competitive, benchmarked salary. Equity for everyone, including new hire, performance, and refresher grants.
- Retirement: 401(k) match from day one, including Student loan matching. Zero management fees.
- Health & Wellbeing: Comprehensive medical, dental, and vision coverage. One Medical membership. Fertility and LGBTQIA+ transition support.
- Time Away: Flexible time off. Paid parental leave for all parents. Four-week sabbatical in year six.
- In-Office Culture & Flexibility: An in-person, collaborative culture, with no required office days during the summer and winter holidays.
- Growth & Development: Free Coaching for everyone and continuous development.
- Community & Care: Chef lunches, guest speakers, company gatherings, heritage celebrations, and seven Employee Resource Groups.
- Employee Support: Dedicated benefits advocate and EAP access.
Company HQ
Chelsea, New York, NY
Leadership
Sarah Kirshbaum Levy
(CEO)Prior to joining Betterment in 2020, Sarah served as the COO for Viacom Media Networks.
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