Director of Compliance, Wealthfront
$215-246.9k
Plus equity and a discretionary bonus
Automated investment management
Be an early applicant
Automated investment management
201-500 employees
Be an early applicant
$215-246.9k
Plus equity and a discretionary bonus
201-500 employees
Company mission
To build a financial system that favors people, not institutions.
Role
Who you are
- 10+ years of professional experience, including direct experience as a compliance professional at a broker-dealer or investment advisory firm
- FINRA Series 7 and 24 or Series 14; willingness to obtain other registrations and/or licenses as necessary
- Possess a customer-focused, business-centric, and team-oriented mindset, with a strong dedication to completing valuable work
- Demonstrated ability to communicate effectively and influence positive organizational outcomes at all levels
- Exhibit excellent organizational skills and the ability to meet deadlines within a high-paced environment
- Maintain a strong working knowledge of FINRA, MSRB, and SEC rules, particularly those applicable to public communications and record-keeping requirements
- Intellectual curiosity regarding the application of technology to enhance business processes is preferred
- Broad analytical skills, including experience identifying, quantifying problems, and providing creative, effective solutions, are a plus
- Product experience with mutual funds, money market funds, ETFs, margin products, and 529 plans is preferred
- General understanding of broader financial services, including investment advisory, planning, banking, and insurance, is advantageous
What the job involves
- The role requires a talented, passionate, and experienced compliance professional to join Wealthfront’s Compliance Team, collaborating extensively within our Legal and Compliance function and cross-functionally with departments including Communications, Design, Engineering, Marketing, and Product
- Lead the compliance risk management team, ensuring compliant operations, products, and services across the Company's various business lines and regulated entities
- Support the Chief Compliance Officer in designing, executing, and managing the enterprise-wide compliance and ethics program. Supervise and mentor Compliance staff, design training initiatives, and drive an organizational culture of ethics and accountability
- Lead the Governance, Risk, and Compliance (“GRC”) program for effective regulatory risk management, including developing and maintaining relevant process, risk, and control documentation
- Administer the Company’s policy governance program, which encompasses the development, publication, and maintenance of applicable policies and procedures for the Company and its regulated entities
- Develop, implement, and maintain a comprehensive AI governance framework to ensure the safe, ethical, and legally compliant deployment of artificial intelligence systems
- Plan, facilitate, and execute all necessary monitoring, testing, periodic risk assessments, executive reporting functions, and certification processes for the broker-dealer’s supervisory policies, ensuring compliance with relevant securities laws and regulations
- Lead the annual control evaluation and reporting requirements for the Company’s regulated entities, including the broker-dealer and two investment advisers
- Partner with the General Counsel and senior legal team to implement and maintain a regulatory change management program, analyzing new regulations and proactively creating compliant solutions for products and services
- Direct the Company’s compliance efforts related to its proprietary money market fund, the Wealthfront Treasury Money Market Fund (WLTXX)
- Enhance and maintain organizational and record-keeping processes to enable timely and accurate responses to regulatory inquiries and examinations
- Coordinate the accurate and timely filing of all required regulatory documents, including ADV Part 1, ADV Part 2A, ADV Part 2B, Form BD, 17H, and 13F
Our take
Wealthfront's platform takes the hassle and stress out of investing, financial planning, borrowing, and saving with automated services and financial advice. Its robo-advisor allows customers to set a financial limit on their accounts, anything above the limit is moved into an investment account or another account chosen by the customer.
Indeed, it has some similarities to round-up apps like Acorn, which round up purchases and put the spare change into savings. There are other companies working on robo-advisors too, such as Morgan Stanley and Betterment.
Nonetheless, with an impressive and steadily increasing list of clients, and more than $50B of assets under its management, Wealthfront achieved Unicorn status in September 2022. Now it is diversifying its offerings, branching into high-interest checking accounts and investment advice and reportedly seeking a valuation of up to $2.05B in its upcoming IPO, a move that puts the company in a strong position for even more growth.
Steph
Company Specialist at Welcome to the Jungle
Insights
-4% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Jan 2018
$75m
SERIES E
Oct 2014
$64m
SERIES D
Total funding: $204.5m
Company benefits
- Lunch and snacks on the house: Enjoy lunches, snacks, coffee and stipends to go out to lunch with coworkers.
- More tools in your toolbox: Join one of our affinity groups, attend leadership trainings and receive 1:1 mentorship. We give team members a quarterly learning stipend so we can all continue to grow and improve.
- Commuting made easy: We’re a short walk from the Palo Alto Caltrain and all employees receive a Caltrain pass. Our co-working space in San Francisco is great for days when you need to work from the city. An additional transportation stipend and relocation bonuses make getting to the office a breeze.
- Prioritize Wellness: Stay happy and healthy however you choose with our monthly wellness reimbursement. You define what wellness means for you — a massage, running sneakers, or dance classes? It’s your call.
- Work/life balance (no, really): We have flexible working hours, a discretionary time off policy and offer 16 weeks of paid parental leave (both parents). We work hard, but we rejuvenate too.
- Your health matters: We provide comprehensive medical, dental and vision coverage for you and your family, including HSA contributions for high deductible plans.
Company HQ
University South, Palo Alto, CA
Leadership
Dan Carroll
(Founder & CSO)They studied Finance and Entrepreneurship at the University of Arizona before using this expertise to co-found Wealthfront in December 2008.
David Fortunato
(CEO)David has been at Wealthfront since 2009, joining the company as CTO. He then became the President in 2019 and CEO in 2021.
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