Strategy & Operations Manager, Betterment
Capital Markets
$130-155k
+ Equity
3 days a week in office
Banking and investment app
Job no longer available
Banking and investment app
501-1000 employees
Job no longer available
$130-155k
+ Equity
3 days a week in office
501-1000 employees
Company mission
To make people’s lives better.
Role
Who you are
- Experience in financial services (trading strongly preferred), software, or consulting, contributing to the development of complex systems, analysis, particularly with respect to financial technology products
- A passion for capital markets with a strong interest in conducting R&D, along with a solid understanding of the regulatory landscape, including familiarity with FINRA and SEC regulations
- Some experience with project management and demonstrated success at collaborative deliverables
- Technical expertise, with coding experience, in data manipulation, identifying inefficiencies and opportunities, implementing practical solutions, and optimizing processes. Coding knowledge in SQL or Python is strongly preferred
- The ability to pivot quickly and effectively, coupled with excellent communication skills to engage and align stakeholders throughout the process
- Series 7 or the ability to obtain the license within 3 months of hire. (Series 24 preferred)
What the job involves
- The Capital Markets team sits at the crossroads of daily business processes and new feature development for the in-house portfolio management, custody, and trading platforms
- As our Strategy and Operations Manager on Capital Markets, you are excited to use both your capital market expertise and quantitative rigor to propose, coordinate, and drive key projects relating to the ongoing research and development of the Betterment trading systems
- To be successful in this role, you will be both process-oriented and results-focused
- We’ll look to you to be iterative and a successful collaborator, bringing innovation and efficiency to our systems while ensuring continual compliance with relevant regulatory frameworks
- This role is based out of our NYC office
- Help steward Betterment’s order management and execution systems with any required oversight and intervention throughout market hours, inclusive of all required regulatory reporting
- Identify new trading initiatives and own the project cycle from business case, requirements, planning, design, testing, and implementation
- Refine and scale business reporting metrics to support rapid expansion across multiple business lines,including; execution quality, trade volumes, and cost analytics to assist our team and our Advice & Investing team on future endeavors
- Identify and deliver front to back platform improvements across both production trading and research environments
- Maintain cutting edge awareness of an ever evolving regulatory environment
- Manage existing external counterparty relationships as well as develop and onboard new partners
- Build strategic and trusted relationships across the organization, particularly with Betterment’s Advice & Investing, Product, and Engineering teams
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
- 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
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
Few candidates hear
back within 2 weeks
-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
- Health and wellness: Get comprehensive medical, dental, and vision, plus a free subscription to One Medical.©
- Generous time off: We encourage you to take time off (seriously) and get the rest you need to do your best work.
- Paid parental leave: We welcome new additions to your family with 12-18 weeks of parental leave.
- Matching benefits: We offer a 401(k) match and a match on qualified student loan payments
- Equity: Gain stake in Betterment’s success with company equity grants.
- Free food: Snacks, beverages, and catered lunches at our NYC HQ
- Long-term health resources: We provide LGBTQIA+ transition and fertility support.
- Find your community: Make connections through seven employee affinity groups and a social calendar of hybrid events.
Company values
- Pursue happiness
- Start with the customer
- Build relationships beyond the task
- Own it and lead it
- Iterate to breakthrough
- Embrace efficiency
- Create enduring quality
Company HQ
Flatiron District, New York, NY
Articles
Leadership
Jonathan Stein
(Board Member)After studying Economics at Harvard, Jonathan worked as a Consultant at First Manhattan Consulting Group for over 4 years. He founded Betterment in 2007, serving as CEO until 2020 when he stepped down to Chairman of the Board.
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