Compliance Senior Specialist

<div class="content-intro"><h2>Join us in building the future of finance.</h2> <p>Our mission is to democratize finance for all. <a href="https://www.cerulli.com/press-releases/cerulli-anticipates-124-trillion-in-wealth-will-transfer-through-2048" target="_blank">An estimated $124 trillion of assets</a> will be inherited by younger generations in the next two decades. The largest transfer of wealth in human history. If you’re ready to be at the epicenter of this historic cultural and financial shift, keep reading.</p></div><h2><strong>About the team + role</strong></h2> <p>We are building an elite team, applying frontier technologies to the world’s biggest financial problems. We’re looking for bold thinkers. Sharp problem-solvers. Builders who are wired to make an impact. Robinhood isn’t a place for complacency, it’s where ambitious people do the best work of their careers. We’re a high-performing, fast-moving team with ethics at the center of everything we do. Expectations are high, and so are the rewards.&nbsp;</p> <p>&nbsp;</p> <p>Robinhood Asset Management (“RAM”) is a digital-first investment advisor responsible for delivering investment advice to its rapidly growing client base.&nbsp; RAM is continuing to expand its business activities to meet the needs of clients with broader, more complex, and comprehensive advisory needs.&nbsp; Working with a dedicated team of qualified relationship managers and utilizing innovative technology resources, RAM will meet the needs of its clients by delivering this unique financial planning service conveniently at their fingertips, anytime and anywhere.&nbsp; <br><br></p> <p>The Compliance Specialist will help create and champion a culture of compliance for a new investment advisory business activity at the pre-launch and development stage. As a primary point of contact, 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, compelling, and regulatorily compliant advisory service. You will be expected to apply the requirements of a fiduciary’s duty to serve clients and have experience documenting best practices and procedures, creating surveillance tools, responding to regulatory requests and required filings, and advancing a compliance program forward in response to new rules and requirements.</p> <p><strong>This role is based in our New York, Chicago, Westlake, TX, Denver, and Menlo Park, CA office(s), with in-person attendance expected at least 3 days per week.</strong></p> <p>At Robinhood, we believe in the power of in-person work to accelerate progress, spark innovation, and strengthen community. Our office experience is intentional, energizing, and designed to fully support high-performing teams.&nbsp;</p> <p>&nbsp;</p> <h2><strong>What you’ll do</strong></h2> <ul> <li>Develop, administer, and operationalize the regulatory framework around a new business activity, including implementation of supervisory and operational policies and procedures.</li> <li>Be a primary resource for operations, customer service and business teams, and across Robinhood’s affiliated companies</li> <li>Conduct testing, surveillance, audits and exams, risk assessments, and annual reviews to validate supervision and controls are in place, and procedures are accurate</li> <li>Research and respond to regulatory inquiries, exams and audits, complaint resolution, and client inquiries</li> <li>Identify potential areas of compliance vulnerability and risk, propose solutions to resolve issues, and provide guidance for future avoidance of similar issues</li> <li>Build essential workflows that achieve requirements including testing for books and record, establish proper information barriers, and identify conflicts of interest.</li> <li>Foster a culture of professionalism, client advocacy, and regulatory guidance within a fast-paced atmosphere of innovation and collaboration across several teams.</li> <li>Demonstrate strong subject matter expertise, while allowing for out-of-the-box thinking, with a goal of providing superior client experience.</li> <li>Work as a team, supporting compliance needs across RAM when needed.</li> <li>&nbsp;</li> </ul> <h2><strong>What you bring</strong></h2> <ul> <li>5-10 years compliance experience with an investment adviser&nbsp;</li> <li>Deep understanding of SEC Investment Advisers ‘40 Act and FINRA and regulations</li> <li>Demonstrated written,