About the team:

The preferred location for this position is in or around Robinhood’s offices in New York, NY, or Chicago, IL, or Lake Mary, FL with in-office work capabilities, as may be required by management.

The Compliance Specialist will help create and champion a culture of compliance for a new investment advisory business unit at the pre-launch and development stage. As a primary point of contact for this business, you will coordinate with teams across the broader Robinhood spectrum to identify and solve problems, research unique issues, and collaborate to achieve a successful launch. You’ll help set the path for a customer-friendly, uniquely compelling, regulatorily compliant advisory product. You will be expected to understand the requirements of a fiduciary’s duty to serve clients and have experience documenting best practices and procedures, creating surveillance tools, enforcing information barriers, responding to regulatory requests and required filings, and advancing a compliance program forward in response to new rules and requirements.

What you’ll do day-to-day:

• Develop, administer, and operationalize the regulatory framework around a new business unit, including implementation of supervisory and operational policies and procedures.
• Be a primary resource for operations, customer service and business teams, and across Robinhood’s affiliated companies
• Conduct internal testing, surveillance, audits and exams, risk assessments, and annual reviews to validate supervision and controls are in place, and procedures are accurate
• Research and respond to regulatory inquiries, exams and audits, complaint resolution, and customer inquiries
• Development and delivery of training program, in coordination with broader continuing education and compliance training programs
• Identify potential areas of compliance vulnerability and risk, propose solutions to resolve issues, and provide guidance for future avoidance of similar issues
• Review, approval, and tracking of marketing and advertisements for the RIA as well as co-branded content.
• Build essential workflows that achieve requirements including annual notifications, best execution review, testing for books and record retention, establish proper information barriers, and identify conflicts of interest.

About you:

• 5-10 years compliance experience with an investment adviser and broker-dealer
• Deep understanding of SEC Investment Advisers ‘40 Act, FINRA, and ERISA rules and regulations
• Demonstrated written, verbal, and presentation skills to communicate ideas and information effectively in a clear manner whether directly to co-workers and partners, leadership teams and committee members, or outside vendors and regulators.
• Exceptional organizational skills with an ability to think critically, solve problems and implement process improvements
• Trustworthy, highly-motivated, multi-task oriented, and ability to thrive in an entrepreneurial environment, while pushing products and projects toward the finish line
• A passion for Robinhood’s product, and our mission to democratize for all access to America’s Financial System

Bonus points:

• Series 7 and 65/66
• Previous experience at a financial services regulator (SEC or FINRA)
• Principal securities licenses (Series 24, 9/10, 4) and certifications (CRCP, CAMS)

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 Robinhood’s equity plan.

US Zone 1: $115000 - $135000
US Zone 2: $94000 - $110000
US Zone 3: $85000 - $100000