Chief Compliance Officer, Robinhood
Robinhood Ventures
$208-245k
+ Bonus opportunities & equity
3+ days a week in office
Commission-free stock trading platform
Be an early applicant
Commission-free stock trading platform
1001+ employees
Be an early applicant
$208-245k
+ Bonus opportunities & equity
3+ days a week in office
1001+ employees
Company mission
To democratize finance for all.
Role
Who you are
- Strong expertise in registered funds, Rule 38a-1 requirements, and the overall Investment Company Act of 1940, with experience supporting or launching publicly offered investment products
- Strong expertise in registered investment advisers and their regulatory compliance obligations under the Investment Advisers Act of 1940 and other applicable laws, particularly in the context of managing registered fund products
- Familiarity with fund and adviser operations, service provider coordination, disclosure review, and regulatory filings
- 7+ years of experience in regulatory or compliance roles, preferably within the investment management industry
- Experience working in or with regulated financial services firms, preferably with exposure to direct-to-consumer investment products
- Experience in developing, building, leading and enhancing compliance programs to meet evolving regulatory requirements
- Experience working with the SEC and other regulators
- Practical judgment and the ability to apply regulatory requirements in a dynamic, product-driven environment
- Excellent cross-functional collaboration and communication skills
- A proactive, hands-on approach and interest in building from the ground up
- Experience developing efficient processes and drafting practical policies and procedures
- Passion for expanding access to investing and delivering compliant financial products at scale
What the job involves
- Robinhood is on a mission to democratize finance for all. As we expand our investment product offerings, we’re preparing to launch a new, publicly offered investment fund aimed at increasing access for everyday investors
- This initiative represents a key step in bringing professionally managed investment strategies into the Robinhood experience
- We’re looking for a Chief Compliance Officer to lead the regulatory and compliance strategy for this new effort
- This is a unique opportunity to help shape a registered investment product from the ground up, ensuring it meets the highest standards of regulatory integrity while remaining accessible and user-friendly for our customers
- You’ll work cross-functionally with Legal, Product, Operations, and external partners to ensure we launch and scale in a safe, compliant, and efficient way
- Serve as the primary compliance leader for a new registered investment product and its newly formed investment adviser
- Build compliance programs which meet regulatory standards under Rule 38a-1 of the Investment Company Act of 1940 and under Rule 206(4)-7 of the Investment Advisers Act of 1940
- Oversee fund and adviser registration and ongoing compliance obligations under applicable securities laws and regulations
- Coordinate with external service providers (e.g., administrators, custodians, transfer agents) to support compliant operations
- Partner with internal teams to align product and marketing strategies with applicable regulatory requirements
- Develop and maintain compliance policies, procedures, and internal controls to support launch and scale
- Managing and overseeing the preparation and submission of required regulatory filings
- Lead or contribute to other regulatory filings, board reporting, fund governance, and disclosure review
- Partner with RHM Ethics to develop and maintain the fund and adviser Codes of Ethics
- Monitor evolving regulatory guidance and provide strategic advice on its impact to the fund and adviser, their compliance efforts and broader businesses
- Build and execute compliance testing, monitoring and oversight of fund and adviser operations, and third party service providers
- Lead responses to regulatory examination and other inquires, partnering with legal
- Manage the engagement of third party firms, performing any policies/procedural reviews and audits; evaluate risk-mitigation vendor capabilities
- Coordinate compliance roles and responsibilities with the enterprise compliance team and closely coordinate and collaborate with the other business unit CCOs including Robinhood Markets, Robinhood Brokerage, Robinhood Strategies and other CCOs as needed on maintaining group standards, frameworks and ‘best-practices’
- Over time, build and lead a small team to support ongoing compliance operations
- Drive high performance by setting clear, focused goals, giving real-time feedback, stretching top talent, and scaling impact through focus, innovation, and tech
- Hire and retain top talent by setting a high bar, hiring only those who raise it, investing in onboarding, and addressing talent issues quickly and fairly
- Create community by connecting work to purpose, removing friction while prioritizing safety, building trust and inclusion, and leading from the front with integrity
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.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 72 more jobs at Robinhood