Senior Associate of Risk Management, Wealthfront
$110-120k
+ Bonus and Equity
Automated investment management
Open for applications
Automated investment management
201-500 employees
Open for applications
$110-120k
+ Bonus and Equity
201-500 employees
Company mission
To build a financial system that favors people, not institutions.
Role
Who you are
- 4 to 7 years of experience, preferably in Risk Management, Compliance, or Internal Audit at a financial services company or similar experience as a consultant, previous financial technology experience is a plus
- BA/BS
- Experience in supporting the development and implementation of risk management frameworks / programs / systems at regulated financial institutions
- Experience in using GRC Tools (e.g., Workiva)
- Ability to identify solutions through independently performing research, applying prior experience and knowledge
- Unquestionable ethics
- Ability to communicate effectively at all levels of an organization
- Ability to work cross-functionally and build strong relationships across various stakeholders
- Uncompromising attention to detail with the ability to communicate to the level of detail appropriate to the situation and audience
- Problem solver who seeks to actively address issues in a professional and effective manner
- Enthusiasm to apply technology to business processes
- Strong organizational skills and ability to set and meet deadlines in a high paced environment
- Self-starter who regularly takes initiative and possesses the ability to juggle multiple projects while simultaneously demonstrating creativity and judgment
- Takes pride in meeting deadlines and exceeding expectations on quality of output
- Customer-centric business philosophy and team-oriented mindset
What the job involves
- Wealthfront is seeking an experienced Senior Associate to join the Risk Management Team to support the design, implementation and continued improvement of the Risk Management Program
- You will be a key member of the Risk Management Team and will interact with members of Senior Management, as well as, collaborate cross-functionally across all Teams at Wealthfront
- You will be exposed to a technology first culture, while working in a highly regulated financial institution
- You will be directly involved in meaningful initiatives across the Company with an objective towards supporting Management with identifying, managing, reporting and mitigating risk at the Company
- Support the Risk Management Team in the design, implementation and continued improvement of the Company’s Enterprise Risk Management Program
- Facilitate the enterprise risk assessment process through functional collaboration across the entirety of the Company
- Perform scoping, risk assessment, testing and reporting activities as it relates to the Company’s Enterprise Testing Program, which includes areas such as: Internal Controls Over Compliance (Financial Responsibility Rules), Financial Reporting Controls, etc
- Lead walkthroughs to identify control activities and subsequently create and/or refresh process documentation, including, Risk & Control Matrices, flowcharts and other ad hoc artifacts
- Identify and monitor risk exposures across the Company, including those associated with the cash sweep product through initial and ongoing monitoring of participant banks
- Facilitate and enhance the risk reporting processes undertaken as part of the Enterprise Risk Management Program, including, reporting to Senior Management and the Board
- Develop and maintain positive relationships with stakeholders across the entirety of the Company, as well as, with external auditors
- Provide support across external audits, including: serving as a central point of contact; fulfilling document requests; coordinating and attending walkthroughs, etc
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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