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Full-Time

Director – Brokerage Operations

Confirmed live in the last 24 hours

Betterment

Betterment

201-500 employees

E-commerce platform for branded lifestyle products

Data & Analytics
Consulting
Fintech
Financial Services
Real Estate

Compensation Overview

$165k - $180kAnnually

+ Equity Package + Incentive Bonus

Senior, Expert

New York, NY, USA

Category
Quality Control & Compliance
Supply Chain Management
Operations & Logistics
Requirements
  • Experience working in and knowledge of financial service operations, specifically related to securities products
  • A track record of launching new products and processes, as well as building out ongoing support
  • Team management experience, including all aspects of employee growth
  • FINRA Series 7, 24, and/or 27, or the ability to rapidly obtain
Responsibilities
  • Partner with Product and Engineering teams to define and build out new brokerage products, including any required operational processes
  • Oversee and improve core operations of Betterment’s broker-dealer entity including daily reconciliations, money movements, and securities processing, as well as periodic processes such as escheatment
  • Act as main counterpoint with auditors for our annual broker-dealer reviews
  • Work with the FINOP on operational processes and controls related to monthly financial reporting (e.g. break aging, reserve computations, etc)

Betterment operates an online retail platform that specializes in selling branded apparel, accessories, and gifts. The company designs a variety of products, including t-shirts, hoodies, onesies, beanies, mugs, and tote bags, all aimed at promoting a positive lifestyle and happiness. Customers can purchase these items directly from Betterment's website, where products are listed at regular and sale prices, making them accessible to a wide audience. Unlike many competitors, Betterment focuses on creating a unique brand identity that resonates with individuals who appreciate lifestyle-oriented merchandise. The goal of Betterment is to attract a diverse clientele and encourage a pursuit of happiness through its products.

Company Stage

Series F

Total Funding

$448M

Headquarters

New York City, New York

Founded

2010

Growth & Insights
Headcount

6 month growth

3%

1 year growth

11%

2 year growth

5%
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Simplify's Take

What believers are saying

  • Betterment's diverse product range and positive branding can attract a wide customer base, potentially leading to high sales volumes and profitability.
  • The company's focus on promoting happiness and well-being through its products can create a loyal customer base that resonates with its message.
  • Economies of scale can lead to increased profitability as sales volumes grow, benefiting both the company and its employees.

What critics are saying

  • The competitive nature of the e-commerce market means Betterment must continuously innovate to stay ahead of rivals.
  • Relying on direct sales for revenue can be risky if there are fluctuations in consumer demand or economic downturns.

What makes Betterment unique

  • Betterment's focus on branded lifestyle products that promote happiness sets it apart from other e-commerce platforms that may not have such a clear, positive message.
  • The company's ability to offer a wide range of products, from apparel to accessories and gifts, allows it to cater to a diverse customer base, unlike more specialized competitors.
  • Betterment's direct sales model and occasional sale pricing make its products accessible to a broad audience, enhancing its competitive edge in the online retail market.