Brokerage Compliance Senior Specialist, Robinhood
$89-135k
Actual salary range is dependent on geographical location + Bonus + Equity
Commission-free stock trading platform
Be an early applicant
Commission-free stock trading platform
1001+ employees
Be an early applicant
$89-135k
Actual salary range is dependent on geographical location + Bonus + Equity
1001+ employees
Company mission
To democratize finance for all.
Role
Who you are
- The business is seeking curious, growth-minded thinkers to help shape our vision, structures and systems; playing a key-role as we launch into our ambitious future
- Bachelor’s Degree or equivalent experience
- 6+ years of financial services experience, and specifically 3+ years within the area of broker-dealer compliance or supervision
- Familiarity with regulations and rules relevant to introducing and clearing brokerage firms
- Strong communication skills that builds trusted relationships among business partners, such as business principals, registered representatives and associated persons
- Ability to work through ambiguity by taking ownership, prioritizing, and meeting deadlines
- Advanced research, writing, and project management skills
- Ability to work independently and cross-functionally with impactful results
- Resourceful and adaptive in fast-paced, entrepreneurial environment
- Problem solver with keen attention to detail
- FINRA Series 7
- FINRA Series 24 (or ability to obtain in 90 days)
What the job involves
- The Compliance team at Robinhood Securities, LLC ("RHS"), and Robinhood Financial, LLC (“RHF”) drives a culture of compliance that actively supports the people, process and technologies vital to our business
- We strive to design and implement effective compliance programs to protect customers, promote market integrity, and reduce regulatory, financial, operational and reputation risk
- As a Brokerage Compliance Senior Specialist you’ll join a team that provides compliance policy, programs and other realtime and proactive support related to various broker/dealer and clearing functions to ensure compliance with policies, procedures, rules and regulations
- You’ll also collaborate with other business partners to ensure updates to rules, policies, guidance or enhancements related to corrective actions are fully implemented
- Integrate as a trusted support partner for Brokerage areas including, operations, trading, product, engineering, FINOP, communications, customer experience and risk, and provide proactive guidance on broker/dealer regulatory requirements
- Design, draft, review, publish and maintain the Brokerage Written Supervisory Procedures and supporting supervisory documentation
- Support and contribute to the maintenance and departmental standard operating procedures (SOPs)
- Monitor, communicate, and address regulatory policy changes, regulatory notice or alert information and regulatory actions published by regulators as applicable to business processes
- Translate findings and deficiencies into action plans with stakeholders and provides recommendations to enhance governance, supervisory and operational practices in order to assist in remediation
- Collaborate with legal, business, product and technology partners
- Act as the compliance subject matter expert and provide regulatory guidance on business initiatives and operational processes
- Provide on-site, real-time answers to registered representative and associated persons' questions and escalations related to rules, policies and processes
- Help identify education areas and assist in providing training on securities regulations, policies, procedures, support/sales practices and supervision
- Continuously enhance quality assurance and oversight of compliance controls to ensure program efficiency and effectiveness and increase quality and scalability
- Foster and contribute to a culture of high ethical standards and integrity and promoting the core values, risk culture and risk appetite
- Manage and prioritize multiple projects
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
Few candidates hear
back within 2 weeks
39% female employees
-23% employee growth in 12 months
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 values
- Safety First: Robinhood is a safety-first company
- Participation is Power: At Robinhood, the rich don’t get a better deal
- Radical Customer Focus: We exist to make our customers happy
- First-Principles Thinking: We make bold bets and challenge the status quo
Company HQ
Downtown Menlo Park, Menlo Park, CA
Articles
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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