About Altruist
Altruist is the modern custodian built exclusively for independent financial advisors that combines a self-clearing brokerage firm with intuitive software for account opening, trading, reporting, and billing — all in one streamlined solution. Financial advisors across the U.S. have partnered with Altruist to reduce costs, save time, grow their business, and provide better outcomes for their clients. Our mission is to make financial advice better, more affordable, and accessible to everyone — but we can’t do it alone. We’re seeking exceptional talent to join our team. That’s where you come in!
If you’re passionate about challenging the status quo and making a meaningful impact in the financial advice industry, we’d love to meet you!
But first, our values
Kindness - Kindness doesn’t just equal niceness. We listen to understand. We embrace, and encourage healthy debate and diverse perspectives. We approach conflict openly, honestly, and respectfully.
Brilliance - Humility is the skill we’re most proud of and possessing a growth mindset is always top of mind. We take ownership in everything we touch; regularly using our unique superpowers to reach a common goal as a team. We succeed and fail as one.
Grit - When challenges arise, we stay laser focused on achieving our mission and finding a way forward, even when it’s hard. We are nimble and maintain a sense of urgency, swiftly adapting to change and overcoming obstacles.
About the position
Altruist is entering an exciting phase, and we're looking for a motivated and dynamic Principal Product Manager to join our Clearing team.
The Clearing team's mission is to empower a better wealth management experience with robust, scalable, and secure solutions that enable seamless execution, clearance, and settlement of transactions. As a Product Manager, you will work closely with engineering leaders, operations, cross-functional teams, and key third-party vendors to prioritize product requirements and deliver new functionality.
What you’ll do
- The primary mission is to manage the self-clearing product roadmap, prioritize the backlog, and deliver the best experience for Altruist advisors and their clients
- Work closely and liaise with Engineering, Scrum teams, QA, Product, Clearing Operations, Advisory Operations, Compliance, Support, and Business teams
- Strong understanding of Registered Investment Advisors (RIA) structures, concepts, needs; key regulatory bodies, and how modern clearing, custody, and brokerage platforms fits into the capital market ecosystem
- Build and automate modern workflows for Rep Management, Books & Records, Purchases & Settlements, Transfers, Cashiering, Trading, New Accounts, Documents, Tax Reporting, Cost Basis, and Corporate Actions teams
- Create product briefs, release notes, knowledge base articles and training materials to be used for internal distribution and keep the team on track for key deliverables
- Ensure that business requirements for the clearing products are based on sound research, and planning, and are supported by industry experience, regulatory requirements, and compliance obligations
- Contribute to key vendor decisions, support building and scaling of systems, understand core databases as well as relationship between books & records, middle office, advisor workstation, and mobile application
- Build and externalize RESTful APIs in support of new features and asset classes
- Investigate issues, bugs, defects, and discrepancies and work closely with engineering to find solutions
- Support monthly, quarterly, and annual regulatory reports as needed, and become product contact for annual audits, compliance reviews, and regulatory exams
What you’ll bring
- 8+ years of prior experience working in a product management role at a self-clearing broker-dealer
- Expertise with financial products, the intricacies of domestic financial markets, building multi-asset clearing platforms, understanding of securities trading, execution, clearing, and settlement processes is a must
- Demonstrated interest in investment & wealth management, advisor technology, and correspondent clearing
- Proficient in writing requirements that meet FINRA, SEC, OCC and DTCC, NSCC rules and regulations
- Proficiency with FIS Phase 3 preferred
- Ability to work during core US equity market hours
- Experience working in an agile environment using tools such as Jira, Confluence, AWS, Google Suite, Snowflake, Retool, CODA, Figma, Tableau, ReadMe, etc.
- Proven ability to develop product strategies and effectively communicate recommendations to executive management as well as collaborate with engineering and operations leaders
- Ownership mindset, be the subject matter expert and primary point of contact for other departments
- Demonstrated ability to apply technology to enhance business processes
- Affinity for a fast-paced, early-stage environment
- Entrepreneurial attitude and a deep empathy for our customers
- Bachelor's degree required
Bonus points
- Experience building low-code applications, internal tools, and automated workflows
- Familiarity with audit logging, monitoring, and alerting for actions and services
- Strong knowledge of authentication and authorization principles
- MBA and/or CFA designation
- FINRA securities licenses are a plus (specifically 4, 7, 24, 27)
San Francisco, CA salary range
$200,000—$245,000 USD
What we bring
Attracting and retaining top-tier talent is a priority. We are proud of the culture we’ve built and are cognizant of the ever-changing professional landscape. Our dynamic offering of perks and benefits are tailored for you to feel your best while doing your best.
- A hybrid work schedule to promote strong, in-person collaboration and a healthy work-life-balance.
- Stunning, amenity-filled office spaces in Culver City, CA and Dallas, TX. Our offices are intentionally designed for comfort, collaboration, and productivity. Employees get to enjoy free parking and EV charging, cold-brew and kombucha on tap, a fully stocked pantry with snacks, etc.
- Competitive salary and equity packages
- Premium healthcare, dental, and vision insurance plans
- 401k savings plan with matching contributions and immediate vesting
- Flexible PTO so you can satisfy your passions outside of work
- Generous paid parental leave
- Professional growth and development opportunities including an employee mobility program and an annual L&D budget allocation for each employee
- Physical and emotional wellness programs that nurture both your mind and body
- Company perks program (includes discounts on pet insurance, fitness, cell phone plans, entertainment and travel, etc.)
- Financial guidance program (includes counseling on navigating debt, tracking personal spend, saving and planning goals, home-purchasing preparedness, etc.)
Total compensation includes a competitive benefits package along with equity in the form of Stock Options (ISOs). A salary offer will be determined by a number of factors including experience, skill level, internal pay equity, geographic location, and other relevant business considerations. We review all employee pay and compensation programs regularly to ensure fair, equitable, and competitive pay. At Altruist, we are committed to providing fair, equitable, and competitive compensation by leveraging market data to inform our pay bands. Base salaries will be reviewed at regular intervals throughout the year, typically in conjunction with performance review cycles. By evaluating compensation on a regular basis, we are able to reward high performance and ensure all employees have opportunities for growth.
Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Altruist we are dedicated to building a diverse, inclusive, and authentic workplace, so if you’re excited about this role, but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.
What We Do
Altruist is on a mission to make independent financial advice better, more affordable, and accessible. We’ve built an all-in-one platform that reduces barriers for financial advisors to deliver great advice. Our software makes advisors more efficient and gives them the freedom to charge less. This means clients pay less, make more, and gain confidence. We want to help tens of millions of people have an amazing experience with their money by supporting thousands of financial professionals.
Why Work With Us
We're helping more people get access to quality financial advice. This means lower costs, no minimums, and full transparency. Our team is passionate about our mission and we love working together. Altruist provides all the usual perks of a tech startup, just no ego or politics. We believe in hiring brilliant, hard-working, nice people (no jerks).
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