Senior Manager of Money Compliance, Regulatory

Join a leading fintech company that's democratizing finance for all.

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, 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.

About the team + role

The Sr. Manager, Regulatory Compliance will be the primary point of contact for Robinhood's money transmitter and credit card product regulators, and report directly to the Chief Compliance Officer for Robinhood Money, LLC and Robinhood Credit, Inc.

You will be responsible for ensuring Robinhood embeds regulatory compliance for its current products including the debit card, spending account and credit cards as well as any future products.

You will lead a team and efforts to obtain and maintain money transmitter licenses, applicable loan servicing and collection licenses as well as provide guidance for product changes, and serve as the primary point of contact for regulatory inquiries.

The role is located in the office location(s) listed on this job description which will align with our in-office working environment.

Please connect with your recruiter for more information regarding our in-office philosophy and expectations.

What you'll do

• Manage state regulatory compliance and ongoing relationships with state regulators.
• Lead audits and regulatory examinations for both Robinhood Money, LLC and Robinhood Credit, Inc. Oversee response management and remediation efforts
• Manage the team that facilitates money transmitter and loan servicing and collection license applications, including license maintenance, and periodic reporting obligations.
• Develop compliance framework for licensed entity, including the development of relevant policies, procedures, and / or guidelines and communicating these policies to all relevant stakeholders
• Conducting periodic reviews to proactively identify and communicate deficiencies or gaps with regulatory compliance and provide guidance in the development of corrective actions
• Collaborate with teammates to set up a regulatory inventory and a testing and controls program.

What you bring

• Bachelor's degree in Finance, Accounting, or equivalent
• At least 8 years of experience in payment regulations, money transmission, and consumer lending
• Prior regulatory exam management experience
• Experience in managing money transmitter and / or state lending licenses
• Familiarity with Truth in Lending Act / Reg Z and other consumer finance regulations
• Strong interpersonal experience with the ability to effectively communicate with all levels of the organization
• Self-starter with proven time management skills
• Ability to drive the mindset that Compliance is a strategic advantage
• Interest or prior experience with Money Service Businesses and Consumer Lending a plus

What we offer

• 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

Base pay for the successful applicant will depend on a variety of job-related factors, which may include education, training, experience, location, business needs, or market demands.

The expected salary range for this role is based on the location where the work will be performed and is aligned to one of 3 compensation zones.

This role is also eligible to participate in a Robinhood bonus plan and Robinhood's equity plan. For other locations not listed, compensation can be discussed with your recruiter during the interview process.

Zone 1 (Menlo Park, CA; New York, NY; Bellevue, WA; Washington, DC)

$183,000-$215,000 USD

Zone 2 (Denver, CO; Westlake, TX; Chicago, IL)

$161,000-$189,000 USD

Zone 3 (Lake Mary, FL)

$143,000-$168,000 USD

Click here to learn more about Robinhood's Benefits.

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 embraces a diversity of backgrounds and experiences 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 review the specific policy applicable to the country where you are applying.