The role requires a talented, passionate, and experienced compliance professional to join Wealthfront’s Compliance Team, collaborating extensively within our Legal and Compliance function and cross-functionally with departments including Communications, Design, Engineering, Marketing, and Product.
Responsibilities
Lead the compliance risk management team, ensuring compliant operations, products, and services across the Company's various business lines and regulated entities.
Support the Chief Compliance Officer in designing, executing, and managing the enterprise-wide compliance and ethics program. Supervise and mentor Compliance staff, design training initiatives, and drive an organizational culture of ethics and accountability.
Lead the Governance, Risk, and Compliance (“GRC”) program for effective regulatory risk management, including developing and maintaining relevant process, risk, and control documentation.
Administer the Company’s policy governance program, which encompasses the development, publication, and maintenance of applicable policies and procedures for the Company and its regulated entities.
Develop, implement, and maintain a comprehensive AI governance framework to ensure the safe, ethical, and legally compliant deployment of artificial intelligence systems.
Plan, facilitate, and execute all necessary monitoring, testing, periodic risk assessments, executive reporting functions, and certification processes for the broker-dealer’s supervisory policies, ensuring compliance with relevant securities laws and regulations.
Lead the annual control evaluation and reporting requirements for the Company’s regulated entities, including the broker-dealer and two investment advisers.
Partner with the General Counsel and senior legal team to implement and maintain a regulatory change management program, analyzing new regulations and proactively creating compliant solutions for products and services.
Direct the Company’s compliance efforts related to its proprietary money market fund, the Wealthfront Treasury Money Market Fund (WLTXX).
Enhance and maintain organizational and record-keeping processes to enable timely and accurate responses to regulatory inquiries and examinations.
Coordinate the accurate and timely filing of all required regulatory documents, including ADV Part 1, ADV Part 2A, ADV Part 2B, Form BD, 17H, and 13F.
Expertise
Possess a customer-focused, business-centric, and team-oriented mindset, with a strong dedication to completing valuable work.
Demonstrated ability to communicate effectively and influence positive organizational outcomes at all levels.
Exhibit excellent organizational skills and the ability to meet deadlines within a high-paced environment.
Maintain a strong working knowledge of FINRA, MSRB, and SEC rules, particularly those applicable to public communications and record-keeping requirements.
Intellectual curiosity regarding the application of technology to enhance business processes is preferred.
Broad analytical skills, including experience identifying, quantifying problems, and providing creative, effective solutions, are a plus.
Product experience with mutual funds, money market funds, ETFs, margin products, and 529 plans is preferred.
General understanding of broader financial services, including investment advisory, planning, banking, and insurance, is advantageous.
Requirements
10+ years of professional experience, including direct experience as a compliance professional at a broker-dealer or investment advisory firm
FINRA Series 7 and 24 or Series 14; willingness to obtain other registrations and/or licenses as necessary
Estimated annual salary: $215,000 - $246,875 plus equity and a discretionary bonus.
Benefits include medical, vision, dental, 401K plan, generous time off, parental leave, wellness reimbursements, professional development, employee investing discount, and more!
Skills Required
- 10+ years of professional experience in compliance
- Direct experience as a compliance professional at a broker-dealer or investment advisory firm
- FINRA Series 7 and 24 or Series 14
- Willingness to obtain other registrations and/or licenses as necessary
- Strong working knowledge of FINRA, MSRB, and SEC rules (public communications and record-keeping)
- Experience leading governance, risk, and compliance (GRC) programs and policy governance
- Experience with regulatory filings (ADV Part 1, ADV Part 2A, ADV Part 2B, Form BD, 17H, 13F)
- Product experience with mutual funds, money market funds, ETFs, margin products, and 529 plans
- Experience or responsibility for compliance related to proprietary money market funds
- Ability to design and implement an AI governance framework
- Strong communication, leadership, organizational and mentorship skills
What We Do
Wealthfront is a nextgen banking service. We help you manage your money for both your short-term and long-term goals by providing a Cash Account with checking features and high interest, best-in-class automated investment management, and free financial advice, anytime you want it. We entered into the banking space in a big way this year with the launch of our cash account that offers an interest rate 5x greater than the national average. We’ve been overwhelmed by the response and have grown nearly 100% this year already to manage nearly $20 billion in total client assets. Our ultimate vision is to optimize and automate all of our clients’ finances and build what we call Self-Driving Money™️. We want clients to be able to automatically deposit their paycheck into their Wealthfront account, and let us take care of the rest — paying their bills, topping off their emergency fund or 401(k), and investing the rest based on their specific goals and lifestyle. Join us so you can help us turn this industry on its head and build a service that our clients don't just like, they love. Wealthfront integrates investing and banking services to make it delightfully easy to build long-term wealth. We're on a mission to build a financial system that favors people over institutions and we're just getting started. Through the power of automation, we deliver personalized, powerful products to help both sophisticated investors and those just starting out learn, lower their costs, and grow their wealth. We're one of the highest rated financial app in the Apple App Store and have been recently named the best robo-advisor and cash management accounts by Nerd Wallet and Investopedia. Want to help us re-architect the financial industry?
