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.
About the team + role
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The AML Compliance Manager owns the AML Program for Robinhood Money, which includes a spending account offered through Robinhood Money, LLC ("RHY") and credit cards offered through Robinhood Credit, Inc. (“RCT”), and is responsible for overseeing the execution of the AML Program by the Financial Crimes Team as the AML Compliance Officer for these entities. The AML Compliance Manager is also responsible for ensuring the effective detection of suspicious activity, designing transaction monitoring rules to monitor for unusual activity, and providing periodic updates on the state of the AML Program to key partners, including the Board of Directors.
It is preferred that this role is located in one of the office locations listed on this job description which will align with our in-office working environment. This position is only eligible for remote work in limited geographies within the US where we do not have physical office locations. Please connect with your recruiter for more information regarding our in-office philosophy and expectations.
What you’ll do
- Maintain a risk-based AML program, and the relevant systems and controls
- Closely collaborate with various stakeholders to monitor to design an effective AML compliance program and ensure controls are implemented to mitigate risk
- Partner with the Head of Financial Crimes to ensure role-specific AML training is periodically delivered and ensure our AML policies reflect evolving regulatory requirements
- Escalate potential findings to the Chief Compliance Officer
- Act as a Subject Matter Expert (SME) in payments related AML investigations; provide direction and assistance on AML alert dispositions
- Provide guidance and advisory to Product and Engineering teams on AML Compliance requirements and product design features
- Build consensus with the Financial Crimes, Account Servicing, Product, Engineering and Fraud teams to drive targeted initiatives
- Partner with fraud teams to ensure effective administration and reporting for the Identity Theft Protection Program
What you bring
- Bachelor’s Degree or equivalent experience in a related field
- 7+ years working in regulatory compliance/ AML investigations, preferably in banking, credit cards, or payments, including at least 3 years in a management role
- Extensive knowledge of AML regulations and risk identification capabilities
- CAMS or other related certification
- Consistent track record of engaging regulators to demonstrate strong risk management
- Strong operations background, writing and analytical skills
- Excellent written and oral communication skills
- Keen attention to detail, quality, performance metrics and process improvements
- Self-starter with ability to work independently
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
We use Covey as part of our hiring and / or promotional process for jobs in NYC and certain features may qualify it as an AEDT. As part of the evaluation process we provide Covey with job requirements and candidate submitted applications. We began using Covey Scout for Inbound on September 19, 2024.
Please see the independent bias audit report covering our use of Covey here.
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.
Click here to learn more about available Benefits, which vary by region and Robinhood entity.
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. Please review the specific Robinhood Privacy Policy applicable to the country where you are applying.