AML Quality Assurance (QA) Associate

Lake Mary, FL

About the company

Robinhood is democratizing our financial system. We offer commission-free* investing and trading. Investing in stocks, ETFs and options is offered through Robinhood Financial LLC. Cryptocurrency* trading is offered through Robinhood Crypto, LLC. Robinhood Financial, our broker-dealer, is a fast-growing brokerage firm with millions of users and billions of dollars in transaction volume. Robinhood* is based in Menlo Park, California, Lake Mary, Florida and London, UK. 

*Relevant SEC and FINRA or other fees may still apply. Please see Robinhood’s Fee Schedule at Robinhood Crypto is not a member of FINRA or SIPC. Cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC insurance. Robinhood means Robinhood Markets, Inc. and its subsidiaries, including Robinhood Financial LLC (member SIPC), Robinhood Crypto, LLC, and Robinhood International, Ltd.


About the Role

This role will work closely with each of the AML Compliance units and investigative teams to perform Quality Assurance (QA) reviews related to various monitoring and testing activities. The results of these QA reviews will be critical to enhancing the global monitoring and testing processes.

In this role you will:

  • Work to standardize QA process (e.g., sampling) for all coverage areas
  • Review alert and investigation closure codes by analyst and investigate any potential issues
  • Formally track and report results of QA to coverage areas
  • Provide training sessions as needed on training gaps, new technology/process
  • Perform QA for “below the line” testing of Transaction Monitoring System scenarios, alert scoring engine and any other AML models
  • Review and investigate potential issues as a result of Inputs and Outputs Monitoring Plans
  • Assist with model documentation
  • Maintain the Compliance Monitoring Inventory (e.g., enter new activities, change in staffing) and Scenario Master
  • Support the Global AML Monitoring Committee by preparing pre-reads, taking minutes
  • Support future phases of efforts related to tiered monitoring such as auto-closure, segmentation, profiling
  • Other special projects as needed

Some things we consider critical for this role:

  • Bachelor’s Degree 
  • 3+ years working in a broker-dealer in regulatory compliance, preferably in a QA role
  • Familiarity with regulations relevant to broker-dealers including: Securities Exchange Act of 1934, Regulation T, Bank Secrecy Act
  • Strong project management and a track record of managing successful teams
  • Excellent written and oral communication skills
  • Keen attention to detail, organization, and process improvements
  • Self-starter with ability to work independently
  • Ability to effectively manage multiple priorities and adapt to a changing environment

Some things that would be amazing to have for this role: 

  • FINRA Series 7 and 24 licenses
  • Masters degree
  • SQL, VBA or basic programming skills
  • Management experience over some aspect of brokerage operations, compliance and controls

Note to Recruiters and Placement Agencies: Robinhood does not accept unsolicited agency resumes. Robinhood does not pay placement fees for candidates submitted by any agency other than its approved partners.

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