[Remote] Sr. Manager, Compliance at Acorns

Remote

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

FinTech, Financial ServicesIndustries

Requirements

FINRA Series 7 and 24 licenses required
Series 65 or 66 license or obtain within first 90 days
7+ years of compliance experience at SEC Registered Investment Adviser or Broker Dealer
BS / BA Degree or equivalent
Experience working with SEC and FINRA rules and regulations, specifically the SEC Marketing Rule and FINRA Rule 2210
Prior work experience with the SEC or FINRA highly desired

Responsibilities

Modify, update, and implement investment adviser and broker-dealer written policies and procedures in response to regulatory and business requirements
Responsible for the annual review and refresh of the compliance department's Standard Operating Procedures (SOPs)
Identify, prioritize, and mitigate investment adviser and broker-dealer risks to ensure compliance with regulatory requirements across the organization
Assist the CCO with SEC and FINRA examinations, inquiries, and requests from other relevant authorities
Collaborate with key business partners such as Legal, Marketing, Product, Support, and Invest Operations to champion business and compliance initiatives
Support day-to-day compliance activities, including review of customer complaints, marketing materials, referral program, and public communications to ensure adherence to regulatory, legal, and internal policy standards
Develop risk management strategies and contribute to strategic compliance goals aligned with the firm's mission
Manage a small team of direct reports; provide guidance, mentorship, and performance feedback to ensure success of the compliance program
Provide compliance insights to the CCO, CEO, and other key stakeholders
Serve as a role model by embodying and promoting the firm's cultural principles

Skills

Key technologies and capabilities for this role

ComplianceRegulatory ComplianceCompliance Program ManagementRisk AssessmentMarketing ReviewRegulatory StrategyFinancial Regulations

Questions & Answers

Common questions about this position

Is this position remote or does it require office work?

This role offers flexibility to work remotely or be based in our Irvine or New York offices.

What are the key responsibilities in this compliance role?

Responsibilities include modifying and implementing investment adviser and broker-dealer policies, conducting annual reviews of SOPs, identifying and mitigating risks, assisting with SEC and FINRA examinations, and collaborating with business partners like Legal, Marketing, and Product.

What are Acorns' company values?

Acorns' values are Lead With Heart, Make Bold Decisions, Always Build Trust, Never Stop Growing, and Find a way.

What is the salary or compensation for this role?

This information is not specified in the job description.

Do I need to meet every requirement to apply for this position?

No, Acorns encourages candidates who are passionate about the company's mission, vision, and values to apply, even if they do not meet every listed requirement.

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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