Full-Time

Custody Operations Lead

Confirmed live in the last 24 hours

Robinhood

Robinhood

1,001-5,000 employees

Commission-free trading platform for investments

Fintech
Financial Services

Compensation Overview

$116k - $175kAnnually

+ Bonus + Equity Plan

Mid

New York, NY, USA

Category
Risk Management
Finance & Banking
Required Skills
Blockchain
Requirements
  • 4+ years of experience working in operations, security, program/project management, or similar role at a cryptocurrency company
  • Deep familiarity with cryptocurrency products, blockchain technology, and on-chain cryptocurrency transactions; bonus points for knowledge of cryptocurrencies Robinhood Crypto supports!
  • Demonstrated familiarity and experience with institutional crypto custody systems and operations
  • Uncompromising integrity, security-oriented approach, and strong dedication to professionalism
  • Self-starter with ability to work independently, coordinate across multiple functional groups and stakeholders in a fast paced environment
  • Experience working with senior leadership, external auditors, and regulators
  • Foundational understanding of cryptographic principles involved in cryptocurrency custody systems such as MPC
Responsibilities
  • Be responsible for the upkeep and maintenance of all custody operations, including user administration and access management, change management, physical asset inventory, and updates to transaction authorization policies and other processes and controls governing outflows of coins
  • Work closely with our engineering, security, ops, and product teams to improve internal- and external-facing products and processes
  • Monitor and optimize cryptocurrency movements and related wallet operations, and coordinate between teams and stakeholders to resolve any issues in an efficient and expedient manner
  • Partner with other crypto operations teams to facilitate and support transfer operations, settlement, and our risk program
  • Identify inefficiencies and opportunities for additional security or controls in operational processes, and design and implement solutions
  • Document, maintain, and improve standard operating procedures and other custody-related documentation
  • Support presentations on Robinhood’s custody setup for auditors and regulators, and support other regulatory and legal matters as necessary

Robinhood offers a platform for trading stocks, options, ETFs, and cryptocurrencies, aiming to make investing accessible and affordable for everyone. The platform features commission-free trading and allows users to buy fractional shares, making it easier for individuals to invest in high-priced stocks. Unlike traditional brokerage firms, Robinhood generates revenue through a premium subscription service, interest on uninvested cash, and rebates from trading venues. The company's goal is to democratize finance and empower a diverse range of investors, especially younger individuals.

Company Stage

IPO

Total Funding

$5.4B

Headquarters

Menlo Park, California

Founded

2013

Growth & Insights
Headcount

6 month growth

4%

1 year growth

7%

2 year growth

6%
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