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Full-Time

Principal – Corporate Development

Posted on 6/14/2024

Robinhood

Robinhood

1,001-5,000 employees

Commission-free trading platform for investments

Fintech
Crypto & Web3
Financial Services
Real Estate

Compensation Overview

$169.2k - $255kAnnually

+ Bonus + Equity Plan

Senior, Expert

Menlo Park, CA, USA + 1 more

Category
Corporate Finance
Finance & Banking
Required Skills
Communications
Mergers & Acquisitions (M&A)
Requirements
  • At least 7 years of experience in investment banking, venture capital, private equity, or corporate development at a technology company
  • Demonstrated ability to learn quickly, be resourceful, and operate effectively with high autonomy in dynamic/uncertain environments and complex deal processes
  • A tendency to reason from first-principles, using data and analysis to draw conclusions
  • Strong quantitative and qualitative analytical skills including financial and company valuation analyses
  • Familiarity with the fintech landscape
  • Track record of complex problem solving, attention to detail, and ability to develop strong working relationships and deliver results cross-functionally
  • Excellent project management skills, demonstrated ability to identify and prioritize key initiatives and related tasks, and ability to coordinate complex multi-stakeholder projects
  • Exceptional written and verbal communication skills; ability to communicate with the executive-level audience (e.g., founders, leadership team, Board of Directors)
Responsibilities
  • Analyzing Robinhood’s strategic landscape, gathering competitive industry intelligence, developing the business case & rationale for key M&A opportunities, and advocating for them internally
  • Autonomously managing transactions from end-to-end, including sourcing, negotiating, diligencing, closing, and facilitating a seamless integration process.
  • Leading deal evaluation meetings, driving decision-making, and negotiating deals with objectivity, diplomacy, and effectiveness.
  • Cultivating external relationships that provide the opportunity for potential future acquisitions or investments
  • Cultivating internal relationships and developing influence with leadership and key cross-functional partners
  • Building scalable processes and best practices for Robinhood’s Corporate Development functions

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