Compliance Analyst, DriveWealth
United States
$110-125k
More information about location
Cloud-based, API-driven brokerage infrastructure
Be an early applicant
Cloud-based, API-driven brokerage infrastructure
201-500 employees
Be an early applicant
$110-125k
More information about location
201-500 employees
Company mission
To make investing accessible to anyone, anywhere.
Role
Who you are
- 3-5 years of experience in trade surveillance, market surveillance, or central compliance roles within the financial industry
- Working knowledge of U.S. trading regulations and market structure
- Experience working with large sets of trade data, identify patterns, and recognize potentially problematic activity
- General understanding of broker dealer operations and knowledge of securities rules and regulations
- Strong analytical skills to understand ambiguous or complex compliance issues, refine detection logic and interpret them into meaningful actions
- Ability to independently manage multiple projects simultaneously and re-prioritize workloads as necessary
- Strong interpersonal and communication skills (written and verbal) to successfully interface with and influence all levels of management
- Working knowledge of FINRA regulatory reporting requirements, such as CAT / CAIS, LOPR, etc
- Experience responding to regulatory inquiries or exams (e.g., FINRA, SEC, or Exchanges) is a plus
- Possession of the following FINRA registrations: SIE, Series 7, Series 24 (Series 24 can be obtained within 6 months of joining)
What the job involves
- We seek enthusiastic professionals to contribute diverse perspectives and experiences to our Brokerage-as-a-Service platform. Our culture blends the pace and opportunity of a tech start-up with the impact, stability, and significance of Wall Street
- We encourage creativity and experimentation while ensuring institutional-grade execution and regulatory compliance in everything we do
- We’re guided by operating principles grounded in accountability, teamwork, integrity, and solutions built to scale. Join us!
- Analyze and interpret regulatory rules and regulations, and determine impact on new and existing business lines, policies, products, procedures and services
- Assist in developing, updating, and maintaining compliance policies and procedures
- Effectively communicate regulatory and procedural changes and/or important issues to affected business units and build strong relationships with business partners
- Perform audits, with directional assistance from manager or supervisor assistance, of products, procedures and services to meet internal company standards and ensure compliance in all areas
- Research and respond to customer and partner complaints, regulatory inquiries, regulatory exams or investigations concerning compliance and/or company issues
- Provide regular management reports and periodic updates on issues and project statuses
- Monitor trading activities of firm employees
- Assist with daily trading activity across various asset classes (equities, options, fixed income) to detect unusual behavior or possible rule violations such as spoofing, layering, insider trading, etc
- Review and investigate surveillance alerts and exception reports. Document findings clearly and escalate when necessary
- Develop and refine surveillance scenarios, thresholds, and parameters to enhance detection capabilities
- Provide guidance and/or cross training for other positions in the compliance area
Our take
Robo-advisory products and fractional share trading have expanded the investment industry's reach, attracting a broader audience than ever before. This shift has necessitated a redesign of the fintech industry's infrastructure to support the growing demand for accessible and efficient investment options.
DriveWealth plays a pivotal role in this transformation by developing APIs that serve over 100 global fintechs, challenger banks, and digital wallets. Its infrastructure enables seamless robo-advisory services and fractional share trading, giving retail investors access to the US markets and offering innovative stock reward programs. Among its partners are notable companies like Revolut, MoneyLion, and Hemista.
As the company continues to grow, it remains focused on scaling its business by enhancing its technology stack, pursuing strategic acquisitions, and expanding its team. And is well on its way to its ultimate goal of providing tools that empower companies to create investment products that are both accessible and convenient for everyone.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-9% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Aug 2021
$450m
SERIES D
Oct 2020
$56.7m
SERIES C
Total funding: $552.8m
Company benefits
- Health & wellness packages: We’ve built our benefits offering as a holistic package. We provide multiple health insurance carrier options and plans (medical, dental, vision) with access to HSA and/or FSA tax savings tools. We also provide income protection including life insurance, AD&D, short- and long-term disability, as well as extended coverage resources such as fertility benefits and mental wellness resources
- Vacation & time off: To build a successful organization, employees need time away to rest and recharge, so we provide paid time off including paid holidays and unlimited vacation time. We also strongly believe in work-life balance and, therefore, offer fully remote and hybrid work positions based on role requirements
- Professional developmnet: We believe one of the greatest contributions we can make is investing in our employees’ professional development. Therefore, we offer financial support toward continuing education courses, academic coursework, professional conferences, earning professional certifications, and membership fees to professional organizations
Company HQ
Colgate Center, Jersey City, NJ
Leadership
Robert S. Cortright
(Founder)Co-founded FX Solutions (acquired by Francisco Partners) in 2001 and served as CEo for 9 years. They also co-founded En-to-End Technology Projects in 2008.
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