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Full-Time

Enterprise Risk Manager

Posted on 7/10/2024

Robinhood

Robinhood

1,001-5,000 employees

Commission-free trading platform for investments

Fintech
Crypto & Web3
Financial Services
Real Estate

Senior, Expert

Menlo Park, CA, USA + 3 more

Category
Risk Management
Finance & Banking
Required Skills
Communications
Management
Data Analysis
Requirements
  • 5+ years experience in a risk management, compliance, or audit function
  • Bachelor's degree in a relevant field (e.g., Risk Management, Business, Finance, or a related discipline)
  • Experience with developing and implementing risk management frameworks and programs
  • Experience identifying and developing KRIs, experience with Data Analytics is a plus
  • Working knowledge of risk management practices from a financial institution or fintech and understanding of industry best practices and common risk management frameworks
  • Ability to establish and maintain effective working relationships with business partners
  • Strong problem-solving skills and attention to detail
  • Excellent communication and collaboration skills
  • Experience in consulting or working in a fast-paced environment is a plus
Responsibilities
  • Support various ERM programs and support the identification, escalation, monitoring, and reporting of risks across the organization
  • Enhance existing risk reporting by developing comprehensive quantitative risk measures, incl. Key Risk Indicators (KRI)
  • Conduct enterprise-level reviews and assessments of Operational risks, Emerging risks, Product risks and risks associated with the international expansion
  • Partner with the business to monitor emerging risks and integrate enterprise risk management frameworks and principles into business processes
  • Support the tracking and documentation of risks, controls and mitigating actions within the GRC system

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

2%

1 year growth

6%

2 year growth

-8%
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.

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