[Remote] Compliance Associate at Acorns

Remote

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Not SpecifiedCompensation

Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Familiarity with regulatory frameworks including investment advisory, broker-dealer, and banking regulations
Experience or ability to review and maintain Written Supervisory Procedures (WSPs) and Standard Operating Procedures (SOPs)
Experience with testing and monitoring, customer complaints and social media QA reviews, recordkeeping, audits, and examinations
Ability to analyze regulatory changes and provide credible risk-based regulatory advice
Strong collaboration and relationship-building with compliance business partners; capability to work under supervision on routine to moderately complex issues
Flexibility regarding work location (remote or Irvine, CA, or New York, NY)

Responsibilities

Help keep supervisory documents (WSPs and SOPs) accurate, up to date, and aligned with regulatory standards
Review regulatory disqualifying events and referrals across entities to ensure SEC, FINRA, and banking requirements are met
Conduct regular social media reviews to monitor quality, compliance, and brand integrity
Partner with a Senior Compliance Officer to support testing and monitoring efforts, organize data/documentation, and summarize findings
Serve as the go-to person for the ACA Compliance Management System
Support enterprise-wide compliance activities, including testing, monitoring, customer complaints, and recordkeeping, audits, and examinations
Address routine to moderately complex issues and provide thorough recommendations and actionable plans to improve internal and external compliance processes

Skills

Key technologies and capabilities for this role

ComplianceRegulatory AnalysisPolicy DevelopmentRisk AssessmentCommunicationMicrosoft Office Suite

Questions & Answers

Common questions about this position

Is this Compliance Associate position remote?

Yes, the position is fully remote.

What are the main responsibilities of the Compliance Associate?

The role involves assisting in all aspects of the compliance program, including reviewing Written Supervisory Procedures (WSPs), Standard Operating Procedures (SOPs), and other compliance documents, analyzing regulatory changes, testing and monitoring, handling customer complaints, social media QA reviews, recordkeeping, audits, and examinations.

What is Acorns' company culture like?

Acorns fosters a culture of innovation, bold decisions, curiosity, and shared purpose, guided by values like Lead With Heart, Make Bold Decisions, Always Build Trust, Never Stop Growing, and Find a Way, while building a diverse community.

What salary or compensation does the Compliance Associate role offer?

This information is not specified in the job description.

What kind of experience makes a strong candidate for this role?

Strong candidates should have the ability to address routine to moderately complex compliance issues under supervision, combining analysis, wisdom, and experience, with familiarity in regulatory frameworks like investment advisory, broker-dealer, and banking regulations, and a commitment to Acorns' culture of compliance.

Acorns

Micro-investing platform for everyday users

About Acorns

Acorns simplifies investing for everyday people, particularly those new to investing or preferring a hands-off approach. Its main product is a micro-investing platform that allows users to invest spare change from everyday purchases. For instance, if a user buys a coffee for $2.50, Acorns rounds up the purchase to $3.00 and invests the $0.50 difference. This makes investing accessible for those without large sums to invest upfront. Acorns also offers retirement accounts, checking accounts, and educational resources to help users make informed financial decisions. Unlike many competitors, Acorns operates on a subscription model, charging users a monthly fee based on the level of service. The company also partners with brands to provide cashback rewards that are automatically invested into users' accounts. Acorns aims to make investing easy and accessible, helping clients grow their financial knowledge and wealth.

Irvine, CaliforniaHeadquarters

2012Year Founded

$491.2MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Healthcare

401(k)

Equity

Competitive Compensation

Flexible Paid Time Off

Learning & Development

Wellness

Flexible Work Hours

Quarterly Team Outings

Personal Development Plans

Annual Compensation Reviews

Recognition

Risks

Increased BNPL usage among Gen Z may reduce their investment capacity with Acorns.

Unpredictable IPO market could affect Acorns' public offering plans and valuation.

Privacy concerns may hinder adoption of Acorns' payment solution for kids.

Differentiation

Acorns offers micro-investing by rounding up purchases to invest spare change.

Partnerships with Vanguard and BlackRock provide Acorns users access to diversified portfolios.

Acorns collaborates with financial experts like Suze Orman for trusted financial advice.

Upsides

Acorns plans to go public, potentially increasing its market presence and resources.

The 'great wealth transfer' could expand Acorns' user base among younger investors.

Collaboration with Google Wallet targets younger audiences, enhancing long-term customer retention.

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