Robinhood Markets was founded on a simple idea: that our financial markets should be accessible to all. With customers at the heart of our decisions, Robinhood and its subsidiaries and affiliates are lowering barriers and providing greater access to financial information. Together, we are building products and services that help create a financial system everyone can participate in.
With growth as the top priority...
The business is seeking curious, growth-minded thinkers to help shape our vision, structures and systems; playing a key-role as we launch into our ambitious future. If you’re invigorated by our mission, values, and drive to change the world — we’d love to have you apply.
The Securities Processing team owns critical operations for the clearing broker dealer, Robinhood Securities (RHS), including DTC clearing & settlements, segregation, reconciliation and firm balancing. The team is lean but has a ton of responsibilities in key areas! We are automation-focused and looking for people to improve our current processes and have the ability to build new ones as new projects and businesses are spun up.
The role is located in the office location(s) listed on this job description which will align with our in-office working environment. Please connect with your recruiter for more information regarding our in-office philosophy and expectations.
What you’ll doYou will own daily tasks in the Equity DTC settlements functional area. Your responsibilities will include the completion of the DTC settlements checklist which includes the following functions: fail management, 15c3-3 Possession & Control, seg deficit management, Obligation Warehouse processing and firm balancing. The associate will have the opportunity to work with engineers and PMs directly to complete product improvements or to increase operational efficiencies. Likewise, they will work closely with the rest of the clearing group including the Stock Loan, ACATs, Corporate Actions and the FinOp groups.
- Fail control functions - settle equity trades, buy-in aged fails, daily settlement reconciliations.
- Reconciliation - the team is responsible for ensuring that multiple reconciliations (CNS, Non-CNS, etc.) are completed daily and that the firm is in balance.
- Deficit management - cure deficits, complete seg reporting
- Security master - Assist Corporate Actions as needed on balancing firm accounts and processing physical securities related to corporate events
- Build relationships with street counterparties, DTC, and other 3rd party vendors to quickly settle failing trades and cure deficits
- Perform custody functions such as free receive/deliver processing
- Assist with transfer agents and depot management
- Manage day-to-day entries, adjustments, corrections directly in the brokerage platform
- Implement process improvements within the department
- Participate in road map planning and initiatives
- Articulate issues or new initiatives to the product and engineering team
- Experience working at a startup or fast paced brokerage where responses are measured in minutes, not weeks.
- Advanced knowledge with DTC, NSCC, Obligation Warehouse, SMART Track, RAD and the other DTCC suite applications
- Settlement, buy-in, fail control, and/or seg experience
- Back-office role at a comparable brokerage or financial industry
- Strong self-starter with ability to work independently
- Strong communication and analytical skills
- Ability to effectively prioritize and adapt to changing environment
- Ability to support extended hours (early morning/late evenings)
- Market competitive and pay equity-focused compensation structure
- 100% paid health insurance for employees with 90% coverage for dependents
- Annual lifestyle wallet for personal wellness, learning and development, and more!
- Lifetime maximum benefit for family forming and fertility benefits
- Dedicated mental health support for employees and eligible dependents
- Generous time away including company holidays, paid time off, sick time, parental leave, and more!
- Lively office environment with catered meals, fully stocked kitchens, and geo-specific commuter benefits
Base pay for the successful applicant will depend on a variety of job-related factors, which may include education, training, experience, location, business needs, or market demands. The expected salary range for this role is based on the location where the work will be performed and is aligned to one of 3 compensation zones. This role is also eligible to participate in a Robinhood bonus plan and Robinhood’s equity plan. For other locations not listed, compensation can be discussed with your recruiter during the interview process.
Click here to learn more about available Benefits, which vary by region and Robinhood entity.
We’re looking for more growth-minded and collaborative people to be a part of our journey in democratizing finance for all. If you’re ready to give 100% in helping us achieve our mission—we’d love to have you apply even if you feel unsure about whether you meet every single requirement in this posting. At Robinhood, we're looking for people invigorated by our mission, values, and drive to change the world, not just those who simply check off all the boxes.
Robinhood embraces a diversity of backgrounds and experiences and provides equal opportunity for all applicants and employees. We are dedicated to building a company that represents a variety of backgrounds, perspectives, and skills. We believe that the more inclusive we are, the better our work (and work environment) will be for everyone. Additionally, Robinhood provides reasonable accommodations for candidates on request and respects applicants' privacy rights. Please review the specific Robinhood Privacy Policy applicable to the country where you are applying.
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What We Do
Robinhood was founded on a simple idea—that our financial markets should be accessible to all. In an industry where barriers have prevailed for too long, this hasn’t always been easy. We’re leveling the playing field by making trading more intuitive, more affordable, and more inclusive to ensure that everyone, regardless of wealth or industry knowledge, feels empowered to participate in the financial system.
Full Disclosures: rbnhd.co/social_media_disclosures
Why Work With Us
Robinhood looks to hire employees who embody a high-growth mindset, set ambitious goals, make decisions independently, and who show up as accountable. The work moves fast, and resilience is key. Maintaining grit, perseverance, and self-motivation are critical to an employee's success at Robinhood, but so is staying humble and sharing credit.
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