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Posted April 27, 2024

Chief Compliance Officer, Brokerage

Robinhood
Chicago, IL Full Time
Reference: Robinhood5918879

Join a leading fintech company thats democratizing finance for all.

Robinhood was founded on a simple idea: that our financial markets should be accessible to all. With customers at the heart of our decisions, Robinhood is lowering barriers and providing greater access to financial information. Together, we are building products and services that help create a financial system everyone can participate in.

As we continue to build...

Were seeking curious, growth minded thinkers to help shape our vision, structures and systems; playing a key-role as we launch into our ambitious future. If youre invigorated by our mission, values, and drive to change the world wed love to have you apply.

About the team + role

The Chief Compliance Officer, Brokerage, will champion a culture of compliance and will be responsible for managing compliance for Robinhoods broker dealers. The candidate will serve as an advisor for Robinhood Financial and Robinhood Securitiess operations and customer service teams and help ensure compliance with brokerage policies and procedures. The candidate will support regulatory change management, ensure compliant product, service and communications offerings, and develop and test the system of supervision and controls.

What youll do:

  • Develop, enhance and administer Robinhoods brokerage policies and procedures to comply with laws, regulations and firm policy
  • Advise management and cross-functional stakeholders on new and existing regulations and compliance best practices
  • Identify potential areas of compliance vulnerability and risk, propose solutions to resolve issues, and provide guidance for future avoidance of similar issues
  • Serve as point of contact and escalation for Robinhoods brokerage operations, customer service and business teams
  • Lead, mentor and train team members across multiple geographies
  • Conduct internal controls testing across brokerage processes
  • Create a continuous loop of controls and process improvement, including designing, testing and improving new controls or new compliance and supervisory processes
  • Support the Legal Department in managing relationships with, and inquiries/investigations/exams from regulatory bodies including FINRA and SEC
  • Enhance compliance metrics and reporting for Robinhoods brokerage businesses
  • Coordinate compliance roles and responsibilities with the enterprise compliance team.
  • Closely coordinate and collaborate with various entities across the Robinhood enterprise.

What you bring:

  • 15+ years working in operations and compliance at a broker dealer, financial services company
  • Extensive & deep knowledge of FINRA and SEC regulations, including practical applications of regulatory rules in broker-dealer operations
  • Great communication and relationship management skills
  • Execution oriented mindset with the humility, drive, and scrappiness to get things done
  • Ability to think critically and apply problem-solving skills to resolve issues and implement process improvements
  • Trustworthy, self-motivated and able to thrive in an entrepreneurial environment
  • Development approach, focused on growing and coaching teams
  • A passion for Robinhoods product and our mission to democratize access to Americas Financial System
  • FINRA Series 7 and 24

Some things we consider a plus for the role:

  • Juris Doctor (JD) degree from an accredited law school
  • FINRA Series 4, 14 & 66
  • CRCP, CSCP or CAMS certifications
  • Prior experience at a financial services regulator (FINRA or SEC)
  • Active involvement in financial services industry organizations

What we offer

  • Market competitive and pay equity-focused compensation structure
  • 100% paid health insurance for employees with 90% coverage for dependents
  • Annual lifestyle wallet for personal wellness, learning and development, and more!
  • Lifetime maximum benefit for family forming and fertility benefits
  • Dedicated mental health support for employees and eligible dependents
  • Generous time away including company holidays, paid time off, sick time, parental leave, and more!
  • Lively office environment with catered meals, fully stocked kitchens, and geo-specific commuter benefits

Base pay for the successful applicant will depend on a variety of job-related factors, which may include education, training, experience, location, business needs, or market demands. The expected salary range for this role is based on the location where the work will be performed and is aligned to one of 3 compensation zones. This role is also eligible to participate in a Robinhood bonus plan and Robinhoods equity plan. For other locations not listed, compensation can be discussed with your recruiter during the interview process.

Zone 1 (Menlo Park, CA; New York, NY; Bellevue, WA; Washington, DC)
$275,000—$300,000 USD
Zone 2 (Denver, CO; Westlake, TX; Chicago, IL)
$275,000—$300,000 USD
Zone 3 (Lake Mary, FL)
$275,000—$300,000 USD

Click here to learn more about Robinhoods Benefits.

Were looking for more growth-minded and collaborative people to be a part of our journey in democratizing finance for all. If youre ready to give 100% in helping us achieve our missionwed love to have you apply even if you feel unsure about whether you meet every single requirement in this posting. At Robinhood, we're looking for people invigorated by our mission, values, and drive to change the world, not just those who simply check off all the boxes.

Robinhood embraces a diversity of backgrounds and experiences and provides equal opportunity for all applicants and employees. We are dedicated to building a company that represents a variety of backgrounds, perspectives, and skills. We believe that the more inclusive we are, the better our work (and work environment) will be for everyone. Additionally, Robinhood provides reasonable accommodations for candidates on request and respects applicants' privacy rights. To review Robinhood's Privacy Policy please review the specific policy applicable to the country where you are applying.

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