About the right team member:

You are an experienced compliance professional eager to flex your skills at a groundbreaking digital investment adviser and limited-purpose broker dealer. You know the rules applicable to broker-dealers and are ready to help us thoughtfully build out effective processes and procedures. You have a business mind and are always seeking new and improved ways of doing things. You have the confidence and ability to work productively with our regulators, partners, and internal teams. You can communicate clearly and persuasively. You have experience with broker-dealer operations and are comfortable in a fast-paced, dynamic technology-driven environment. You are eager to work hard and make an impact.

At Betterment you will get to:

• Ensure that appropriate broker-dealer regulatory policies, procedures, and controls are established, maintained, and documented
• Update and manage written supervisory procedures and draft desktop procedures for broker-dealer functions
• Provide guidance and support to various business groups, with an emphasis on BD operations, trading and custody oversight to ensure regulatory compliance with applicable rules and regulations 
• Oversee our filings including Form BD
• Manage our compliance processes including: KYC, risk control framework, and the review and filing of customer complaints
• Handle SEC and FINRA regulatory examinations of the broker-dealer
• Complete the annual review of the broker-dealer’s compliance program including FINRA Rule 3110, FINRA Rule 3120 report and Rule 3130 certification
• Manage the independent AML audit
• And so much more!

You will be effective if you have:

• 5+ years experience in the Financial Services industry in broker-dealer compliance
• Strong strategic and creative thoughts with the ability to critically analyze and balance risks, costs, and benefits
• Detail-oriented mindset and excellent organizational skills
• Ability to learn quickly and problem solve on the fly with limited guidance
• Good intuition and ability to assess unclear situations with limited information
• Strong communication skills with the ability to interact with team members and the business empathetically

Nice-to-haves:

• FINRA securities licenses (SIE, Series 7, Series 14, Series 24, Series 27). SIE, Series 7 and Series 24 (or Series 14) are required within 6 months of employment.
• Broker-Dealer back-office experience in Operations or Finance
• Knowledge of sweep accounts and broker-dealer financial responsibility rules (Exchange Act Rules 15c3-1, 15c3-3, 17a-3, 17a-4, 17-5, and 17a-11)
• Regulatory experience at FINRA or the SEC

About Betterment

Betterment is the largest independent online financial advisor with more than $20 billion in assets under management. The service is designed to help increase customers’ long-term returns and lower taxes for retirement planning, building wealth, and other financial goals. Betterment takes advanced investment strategies and uses technology to deliver them to more than 480,000 customers across its three business lines: direct-to-consumer, Betterment for Advisors, and Betterment for Business. Learn more.

Come join us!

We’re an equal opportunity employer and comply with all applicable federal, state, and local fair employment practices laws. We strictly prohibit and do not tolerate discrimination against employees, applicants, or any other covered persons because of race, color, religion, creed, national origin or ancestry, ethnicity, sex, gender (including gender nonconformity and status as a transgender or transsexual individual), sexual orientation, marital status, age, physical or mental disability, citizenship, past, current or prospective service in the uniformed services, predisposing genetic characteristic, domestic violence victim status, arrest records, or any other characteristic protected under applicable federal, state or local law.