Senior Manager of Payments Compliance, Product

Robinhood was founded on a simple idea: that our financial markets should be accessible to all. With customers at the heart of our decisions, Robinhood is 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.

As we continue to build...

We're seeking curious thinkers looking to co-author the next chapters of our story. Joining now means helping shape our vision, structures and systems; playing a key-role as we launch into our ambitious future.

Check out life at Robinhood on The Muse!

About the team:

Robinhood Money, LLC is a licensed money transmitter. We are looking for an experienced and innovative senior manager to join our compliance team. In this role, you will partner with product, engineering, operations and legal teams to launch products that meet legal, regulatory and compliance requirements. You will monitor regulatory changes, best practice and developments and assess their impact on Robinhood Money's products and programs. You will work closely with our bank partners, other key partners, vendors and affiliates. The senior manager will be responsible for developing and designing departmental processes and guidelines, managing legal and regulatory risk, and ensuring deadlines and service levels are met.

The ideal candidate will be an engaged and resourceful self-starter, comfortable working in a fast-paced and dynamic environment, and excellent at building strong relationships.

What you'll do day-to-day:

• Lead critical aspects of Robinhood Money's compliance program with a specific focus on ensuring existing and new product offerings meet legal and regulatory requirements and are consistent with company policies and procedures
• Execute on, design, implement and maintain compliance controls
• Provide advice to the Product team on potential and existing products and services
• Provide advice and review marketing, advertising, communications and other content related to Robinhood Money's product offerings
• Develop and implement appropriate policies and procedures to ensure compliance with applicable laws, rules and regulations
• Monitor for and respond to new regulatory developments and trends to assess impact on RHY's readiness
• Manage Compliance relationships with key partners including RHY's banking partner and payments processor
• Identify, track and remediate compliance issues

About you:

• Bachelor's degree or equivalent experience
• 5+ years of relevant work experience in financial services, banking, payments or other fintech
• Knowledge of consumer protection regulations including Regulation E and UDAAP
• Excellent interpersonal and communication skills
• Ability to drive cross-functional alignment and action
• Execution-oriented mindset with the humility, drive and creativity to get things done

Bonus points:

• Knowledge of the Prepaid Accounts rule
• Knowlege of state money transmission rules and regulations
• Experience interacting with regulators or working at financial regulatory agencies
• Experience leading a team
• CRCM certification

We're looking for more growth-minded and collaborative people to be a part of our journey in democratizing finance for all. If you're ready to give 100% in helping us achieve our mission-we'd love to have you apply even if you feel unsure about whether you meet every single requirement in this posting. At Robinhood, we're looking for people invigorated by our mission, values, and drive to change the world, not just those who simply check off all the boxes.

Robinhood promotes diversity and provides equal opportunity for all applicants and employees. We are dedicated to building a company that represents a variety of backgrounds, perspectives, and skills. We believe that the more inclusive we are, the better our work (and work environment) will be for everyone. Additionally, Robinhood provides reasonable accommodations for candidates on request and respects applicants' privacy rights. To review Robinhood's Privacy Policy please visit Robinhood - US Applicant Privacy Policy.

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Robinhood is a primarily remote company. If hired, you will work as a remote employee unless the job you are applying for has a different working model specified. Please reach-out to your recruiter if you have any questions regarding the job's working model.