Senior Compliance Associate, Wealthfront
$133-165k
+ Equity + Bonus
Automated investment management
Open for applications
Automated investment management
201-500 employees
Open for applications
$133-165k
+ Equity + Bonus
201-500 employees
Company mission
To build a financial system that favors people, not institutions.
Role
Who you are
- Approaches work as an owner. Identifies opportunities and challenges and takes action without waiting for instructions.
- Takes full responsibility for tasks and outcomes, owning both successes and failures. Inspires the confidence of partners, stakeholders, and teammates by committing and delivering
- Strong working knowledge of FINRA, MSRB, and SEC rules applicable to communications with the public, including general content standards and record-keeping requirements
- Understands partners’ commercial and strategic direction, and exercises sound, well-supported judgment when crafting paths forward
- Broad analytical skills, with experience identifying and quantifying problems while providing creative, effective solutions
- Strong technical writing background with a firm understanding of content creation as it relates to in app content, marketing content, social media content, and disclosure content
- Contributes to the development and execution of marketing campaigns - and when appropriate, apply an industry lens (i.e., customize the messaging or channel tactics for a specific target audience)
- Demonstrated ability to communicate effectively and influence positive outcomes at multiple levels of an organization
- Customer-focused, business-centric, and team-oriented mindset; relentlessly passionate about finding and completing valuable work
- Excellent organizational skills and ability to set and meet deadlines in a high paced environment
- Intellectually curious and interested in applying technology to enhance business processes
- Product experience including mutual funds, money market funds, ETFs, margin products and 529 plans
- Experience with or general understanding of broader financial services including investment advisory, planning, banking, and insurance is a plus
- BA/BS degree
- 4+ years of relevant experience
- FINRA Series 7
- FINRA Series 24 preferred (or ability to obtain in 90 days)
- Willingness to obtain other registrations and/or licenses as necessary
What the job involves
- Wealthfront is seeking a talented, passionate, and experienced compliance professional to join our Compliance Operations Team
- This individual will work closely with other members of the Legal and Compliance department and collaborate with all other departments including the Communications, Marketing, Product, Design, Engineering, Broker-Dealer Operations, Product Support, and People Operations teams
- Marketing & Communications: Assist with content development and creation to align with firm initiatives related to products and services. Provide guidance related to marketing rules and regulations to ensure content compliance
- Ability to support technology related builds and improvements for marketing and communications content. Articulate clear, compelling value propositions through subject matter expertise and innovate how content is developed and delivered to increase client engagement
- Compliance Advisory: Provides content creators with actionable guidance and advice to effect compliance with regulatory and Wealthfront standards by reviewing all Wealthfront communications including all owned and paid media, web and mobile apps, social media, promotional and transactional emails, product workflows, blogs, FAQs, podcasts, presentations, and videos
- Education, Training, and Promoting a Culture of Compliance: Develop, enhance, and deliver compliance related training to all Wealthfront employees, including training specific to rules, regulations, standards, and resources, such as required Annual Compliance Meeting, FINRA Firm Element, and continuing education
- Compliance Administration (including Registration, Licensing and Onboarding): Provide compliance support in the onboarding process of new employees, as well as ongoing support of regulatorily required disclosure of personal securities accounts and transactions, outside business activities, political contributions, and others
- Complaint Escalation and Response: Lead the cross-functional working group responsible for organizing, analyzing, and, when necessary, responding to written customer complaints
- General Compliance Advisory: Provide business partners with actionable guidance and advice to support compliance with regulatory and Wealthfront standards in support of developing products, services, features, and strategic initiatives, with a strong focus on client service and operations
- Assist with maintaining the Legal & Compliance Regulatory Calendar and coordinating, updating and filing broker dealer and investment adviser registrations, disclosures and reports (such as Form ADV, Form BD, Forms U4 and U5, Form 13F), and other related requirements
- Audit and Regulatory Examinations: Provide general support to Compliance, Legal, Operations, Finance, and all other departments in preparing for and executing responses to routine audits and examinations
- Policies and Procedures: Assist with formulating, implementing and updating broker-dealer and investment adviser compliance programs and initiatives
- Culture of Compliance: Actively work with Wealthfront’s business partners to help identify areas of potential risk or noncompliance, and in collaboration with the General Counsel and Chief Compliance Officer, manage the documentation and resolution process
Our take
Wealthfront's platform takes the hassle and stress out of investing, financial planning, borrowing, and saving with automated services and financial advice. Its robo-advisor allows customers to set a financial limit on their accounts, anything above the limit is moved into an investment account or another account chosen by the customer.
Indeed, it has some similarities to round-up apps like Acorn, which round up purchases and put the spare change into savings. There are other companies working on robo-advisors too, such as Morgan Stanley and Betterment.
Nonetheless, with an impressive and steadily increasing list of clients, with more than $50B of assets under its management, Wealthfront achieved Unicorn status in September 2022. Wealthfront is diversifying its offerings, branching into high-interest checking accounts and investment advice.
Steph
Company Specialist
Insights
Some candidates hear
back within 2 weeks
-4% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Jan 2018
$75m
SERIES E
Oct 2014
$64m
SERIES D
Total funding: $204.5m
Company benefits
- 401(k)
- Medical/Vision/Dental insurance
- HSA contributions for high deductible plans
- Discretionary time off policy
- 16 weeks of paid parental leave (both parents)
- Flexible working hours
- Monthly wellness reimbursement
Company values
- Client-centricity: Wealthfront puts its clients first, providing personalized financial advice and investment management services to help them achieve their financial goals
- Transparency: Wealthfront values transparency in all aspects of its business, from its investment strategies to its fees and pricing
- Innovation: Wealthfront is committed to innovation, using cutting-edge technology to provide its clients with the best possible financial services and products
- Continuous learning: Wealthfront encourages its employees to continuously learn and grow, providing opportunities for professional development and advancement
Company HQ
University South, Palo Alto, CA
Articles
Leadership
Dan Carroll
(CSO)They studied Finance and Entrepreneurship at the University of Arizona before using this expertise to co-found Wealthfront in December 2008.
Andy Rachleff
(Executive Chairman)Prior to Wealthfront, they co-founded and was General Partner of Benchmark Capital, where they were responsible for investing in a number of successful companies including Equinix, Juniper Networks, and Opsware.
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