Assistant General Counsel, Robinhood
Credit
$158-238k
Salary dependent on candidates location
Commission-free stock trading platform
Open for applications
Commission-free stock trading platform
1001+ employees
Open for applications
$158-238k
Salary dependent on candidates location
1001+ employees
Company mission
To democratize finance for all.
Role
Who you are
- J.D. degree from an ABA accredited law school (or foreign equivalent)
- Membership in at least 1 U.S. State Bar, with good standing
- 7-8+ years of relevant work experience across a law firm, government agency or a fast-paced technology, financial services, banking, lending, payments, or fintech company
- Well developed knowledge and experience with lending products, including credit cards and applicable federal consumer financial protection laws such as the Truth in Lending Act, the Equal Credit Opportunity Act, Fair Credit Reporting Act and the Fair Debt Collections Practices Act
- Experience working with the Consumer Financial Protection Board and its rules and regulations
- Experience with payments and banking industry legal issues and applicable compliance requirements and regulations, including NACHA Rules, card network rules, Regulation E, Bank Secrecy Act / anti-money laundering rules and state money transmission services regulation
- Experience in rolling out retail-based, customer service products and services
- Extraordinary interpersonal and communication skills, phenomenal ability to communicate information effectively internally and externally, including to non-legal audiences, and to drive cross-functional alignment and action
- Execution-oriented mindset with the humility, drive, and creativity to get things done
What the job involves
- We are looking for an experienced and innovative credit attorney to join our product and regulatory counsel team as an Assistant General Counsel, reporting to the Deputy General Counsel and VP, Regulatory & Product at Robinhood
- In this role, you’ll partner directly with our product, engineering and compliance teams on payments related product launches
- The successful candidate will be an engaged and resourceful self-starter, comfortable working in a fast-paced and dynamic environment, and excellent at building strong relationships. This is an exciting opportunity to join a growing company and add to our mission to democratize finance for all
- Provide end-to-end counseling on a range of retail products, including those that touch upon payments, credit cards and banking related products and services, working with colleagues and cross-functional stakeholders across the company
- Respond promptly to a wide range of complex legal requests and coordinate closely with your team and outside counsel to deliver practical, timely and high-quality advice
- Identify and assess business and legal risks, and find creative ways to mitigate them while achieving product goals
- Ensure compliance with applicable laws and regulations
- Advise on, review, draft, and negotiate deals and agreements in support of new products and partnerships
- Develop trusted relationships to facilitate a coordinated team approach to launching new products and features
- Be a business partner, and think like a proactive product owner not just a legal advisor
- Pitch in on whatever legal work needs doing, whenever it needs to be done
Our take
For years, traditional brokers ruled the share trading realm, charging hefty fees that locked out everyday investors. Robinhood emerged as a disruptor, offering commission-free trading and opening the door to a new generation. Its innovative model thrives on premium features like increased buying power and extended trading hours, attracting a younger audience drawn to meme stocks like AMC and GameStop.
But Robinhood's not just about quick thrills. The company claims its mission lies in catering to "the unmet needs of the next generation," evidenced by its "Robinhood Retirement" launch, targeting gig-economy workers often excluded from financial planning. This commitment to accessibility aligns with its core values.
However, 2023 brought unexpected turbulence, as Robinhood became entangled in the FTX cryptocurrency exchange bankruptcy scandal when it emerged that the US Department of Justice seized hundreds of millions of dollars of the company's shares tied to FTX founder Bankman-Fried. Despite these challenges, Robinhood successfully bought back the missing stock, and its impact on democratizing finance remains undeniable.
Kirsty
Company Specialist
Insights
Some candidates hear
back within 2 weeks
39% female employees
-23% employee growth in 12 months
Company
Funding (last 2 of 13 rounds)
Feb 2021
$2.4bn
CONVERTIBLE
Jan 2021
$1bn
LATE VC
Total funding: $5.6bn
Company benefits
- Well-being - Premium medical, dental, and vision insurance
- Family & home life - Parental leave, personal prosperity benefits
- Comfort & care - Annual lifestyle stipend
- Office life - Catered meals and fully stocked kitchen, commuter benefits
- Growth - Education and training, community events, career mentorships
Company values
- Safety First: Robinhood is a safety-first company
- Participation is Power: At Robinhood, the rich don’t get a better deal
- Radical Customer Focus: We exist to make our customers happy
- First-Principles Thinking: We make bold bets and challenge the status quo
Company HQ
Downtown Menlo Park, Menlo Park, CA
Articles
Leadership
Vlad Tenev
(Co-Founder)Studied Mathematics at Stanford University, where they met their fellow co-founder. Dropped out of a PhD to start Robinhood.
Baiju B.
(Co-Founder)Studied Mathematics and Physics at Stanford University, where they met their fellow co-founder.
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