Product Compliance Advisor

About the position

Join a leading fintech company that’s democratizing finance for all. Robinhood Markets was founded on a simple idea: that our financial markets should be accessible to all. With customers at the heart of our decisions, Robinhood and its subsidiaries and affiliates are lowering barriers and providing greater access to financial information. Together, we are building products and services that help create a financial system everyone can participate in. With growth as the top priority, the business is seeking curious, growth-minded thinkers to help shape our vision, structures and systems; playing a key-role as we launch into our ambitious future. If you’re invigorated by our mission, values, and drive to change the world — we’d love to have you apply.

Responsibilities

• Working with Product teams and partners in ideation, design, development, testing and deployment of brokerage products including, but not limited to equities, options, margin and retirement
• 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 real-time tactical and strategic answers to business partners compliance questions and critical issues
• 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

Requirements

• 6-10 years of financial services proven experience, with a minimum of 5 years within the area of broker-dealer compliance
• Prior experience in a compliance or legal role supporting brokerage product development including, but not limited to equities, options, margin, fractional shares and ETFs
• Extensive knowledge of FINRA and SEC regulations, including practical applications of regulatory rules in broker-dealer operations
• Strong effective communication skills that builds trusted relationships among relevant business partners, such as business principals and registered representatives
• Excellent problem solving skills
• Advanced research, writing and project management skills
• Ability to work independently and cross-functionally with impactful results
• Resourceful and adaptive in fast-paced, entrepreneurial environment
• Active FINRA Series 7, or 24
• Experience conducting REG BI and suitability reviews
• Strong Robinhood product knowledge
• Experience managing projects collaborating with technical and non-technical teams
• Prior experience with on-line brokerage business
• Prior experience working in a compliance advisory role supporting various brokerage business operations
• Prior experience at a broker/dealer financial services regulator (FINRA or SEC)
• Certifications such as CRCP, CSCP

Benefits

• Market competitive and pay equity-focused compensation structure
• 100% paid health insurance for employees with 90% coverage for dependents
• Annual lifestyle wallet for personal wellness, learning and development, and more!
• Lifetime maximum benefit for family forming and fertility benefits
• Dedicated mental health support for employees and eligible dependents
• Generous time away including company holidays, paid time off, sick time, parental leave, and more!
• Lively office environment with catered meals, fully stocked kitchens, and geo-specific commuter benefits
• Participation in a Robinhood bonus plan and Robinhood’s equity plan