Wednesday , November 29 2023

Robinhood Jobs in Washington – Brokerage Product Compliance Advisor

Website Robinhood

Job Description:

Robinhood Financial (“RHF”) is Robinhood’s retail broker/dealer, and the Brokerage Product Team within RHF Compliance focuses on working with our Robinhood Product, Engineering and Product Operations (“Product”) to ensure they are developing and deploying new and enhanced products and services in a compliant manner, and serving as their primary point of contact for compliance matters related to RHF’s business. The team is responsible for providing guidance, training, testing and supervisory support, acting as an escalation point, partnering in WSP and general policy and procedure updates and implementation, and acting in an advisory capacity to provide regulatory guidance on product-related matters.

As a Compliance Advisor on the Brokerage Product team, you’ll report to the Director of Product & Communications Compliance, and be responsible for supporting new and enhanced product and service development, testing, deployment and retrospective review, working with Product, risk and legal to ensure offerings meet regulatory and firm policy requirements, and collaborating with stakeholders to ensure any updates or corrective actions are fully implemented.


Job Responsibilities:

  • Working with Product teams and partners in ideation, design, development, testing and deployment of brokerage products including equities, options, ETFs, margin and fractional shares
  • Proactive guidance on broker/dealer regulatory requirements
  • Collaborating with legal, business, compliance and technology partners
  • Act as the compliance subject matter expert and provide regulatory guidance on business initiatives and operational processes to internal teams
  • Partner with Policy & Internal Control group, CX Compliance and other Risk & Compliance groups in developing, enhancing and implementing policies, procedures and controls
  • Provide on-site, real-time answers to manager and representative questions and escalations
  • Train on securities regulations, policies, procedures, support/sales practices and supervision
  • Test policies, procedures, support/sales practices and supervision to ensure effective end to end controls
  • Initiate communications regarding regulatory updates/changes and policy reminders to the Product teams
  • Research and interpret rules and regulations to determine applicability to business processes
  • Support regulatory filings, exams and inquiries

Job Requirements:

  • Passion for Robinhood’s products and our mission to democratize finance for all
  • 7-10 years of financial services industry experience, and specifically 5 years within the area of broker-dealer compliance
  • Prior experience with on-line brokerage
  • Prior experience in a compliance or legal role supporting brokerage product development including equities, options, margin, fractional shares and ETFs
  • Comprehensive knowledge of FINRA and SEC regulations, including practical applications of regulatory rules in broker-dealer operations
  • Ability to communicate effectively with registered representatives and supervisors to build trusted relationships
  • Advanced research, writing and project management skills
  • Ability to work independently and cross-functionally with demonstrated results
  • Resourceful and adaptive in fast-paced, entrepreneurial environment

Job Details:

Company: Robinhood

Vacancy Type:  Full Time

Job Location: Washington, DC, US

Application Deadline: N/A


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