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Full-Time

Compliance AI Lead

Posted on 8/9/2024

Robinhood

Robinhood

1,001-5,000 employees

Commission-free trading platform for investments

Fintech
Financial Services

Compensation Overview

$110k - $165kAnnually

+ Bonus + Equity Plan

Mid, Senior

Washington, DC, USA + 2 more

More locations: Menlo Park, CA, USA | New York, NY, USA

Requires in-office presence at listed locations.

Category
Legal Consulting
Consulting
Requirements
  • Bachelor’s Degree, and equivalent experience, in a related field
  • A minimum of 2 years of demonstrated ability in Compliance, with a total of 6+ years of experience in at least one of the following fields: Risk Management, Privacy, or Information Security.
  • Excellent analytical skills and highly organized, resourceful and committed with experience driving focus, clarity and prioritization in a fast-paced environment
  • Experience drafting and implementing policies, procedures, standards and guidelines
  • Deep interest in AI capabilities: the technologies (e.g. machine learning, deep learning, and neural networks) and the emerging field (e.g. GenAI, AI Governance, Explainable AI (XAI))
  • Understanding concepts of equity and fairness, ethics, transparency, interpretability, safety in the context of AI/ML
  • Familiar with Model Valuation concepts (model mechanics, standards, testing and evaluation, data integrity and continuous monitoring) as it relates to AI
  • Working knowledge of Responsible AI policy, governance, trends, frameworks, evaluation techniques for machine learning models, and best practices
Responsibilities
  • Build a cross-Robinhood AI compliance program including at minimum:
  • Developing policies & procedures, oversight & testing, governance, and frameworks
  • Working with cross functional partners to develop and maintain a formal risk assessment and mitigation program for AI use cases and capabilities
  • Partnering with compliance business unit (“BU”), enterprise risk management and BU risk to implement Model Validation for AI programs
  • Work with Legal, Risk, Engineering, Security and BU compliance to ensure processes are in place for AI regulatory compliance:
  • Monitor emerging global AI regulatory frameworks, laws, regulations, policies and trends
  • Remain up-to-date on standards, technical approaches, and related issues by participating in workshops, reading professional publications, maintaining personal networks, and participating in professional organizations
  • Provide regulatory and compliance advice on AI-related efforts
  • Act as the RHM enterprise compliance subject matter expert on AI, facilitating the integration of the AI compliance program and raising awareness around the importance of AI across RH
  • Develop and deliver training programs for employees on AI ethics, compliance, and responsible AI practices

Robinhood offers a platform for trading stocks, options, ETFs, and cryptocurrencies, aiming to make investing accessible and affordable for everyone. Users can trade without paying traditional fees and can invest in fractional shares, allowing them to buy portions of expensive stocks. The company generates revenue through a premium subscription service, interest on uninvested cash, and rebates from trading venues. Robinhood's goal is to empower individuals to take control of their financial futures with a user-friendly trading experience.

Company Stage

IPO

Total Funding

$7.4B

Headquarters

Menlo Park, California

Founded

2013

Growth & Insights
Headcount

6 month growth

3%

1 year growth

6%

2 year growth

2%
Simplify Jobs

Simplify's Take

What believers are saying

  • Robinhood's expansion into new markets like Hawaii and U.S. territories indicates strong growth potential and increased user base.
  • The acquisition of Pluto and integration of AI capabilities can provide users with advanced, personalized investment insights, enhancing user experience and retention.
  • Offering IPO access democratizes investment opportunities, allowing retail investors to participate in early-stage investments traditionally reserved for institutional investors.

What critics are saying

  • The highly competitive fintech market means Robinhood must continuously innovate to maintain its edge over rivals like E*TRADE and Charles Schwab.
  • Regulatory scrutiny and changes, such as those seen in Hawaii, can impact Robinhood's operations and expansion plans.

What makes Robinhood unique

  • Robinhood's commission-free trading model disrupts traditional brokerage firms by eliminating fees, making investing accessible to a broader audience.
  • The introduction of fractional shares allows users to invest in high-value stocks with minimal capital, a feature not commonly offered by traditional brokers.
  • Robinhood's recent acquisition of Pluto enhances its platform with AI-driven personalized investment strategies, setting it apart from competitors.

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Benefits

Well-being - Premium medical, dental, and vision insurance

Family & home life - Parental leave, personal prosperity benefits

Comfort & care - Flexible work from home / office balance, health & wellness stipend

Office life - Catered meals and fully stocked kitchen, commuter benefits

Growth - Education and training, community events, career mentorships

INACTIVE