Director of Compliance

Job Description

Director of Compliance | Acorns

Acorns is how everyday consumers save & invest for the long term. By putting tools of wealth-making in everyone's hands, Acorns has become the largest subscription service in U.S. consumer finance, serving nearly 5 million everyday Americans. Customers get:

• Automated investing in diversified portfolios, built with help from experts.
• Easy retirement account that allows customers to invest in their future in minutes, no expertise required.
• Banking that invests with every swipe, allows you to invest from each paycheck, and helps customers get paid up to 2 days early
• Investment account for kids, multiple kids included
• Investment bonuses from brands where you shop
• Money news and education on-the-go

And so much more, all in one app! To date, customers have invested $12.5 billion with Acorns, much of it in spare change. From acorns, mighty oaks do grow!

The Director of Compliance will report directly to the Chief Compliance Officer and will assist in all aspects of the firm’s compliance program. This will include, but not be limited to, maintaining the firm’s policies and procedures, analyzing regulatory changes, enhancing the firm’s compliance program, building out a monitoring and testing program and developing a close relationship with compliance’s business partners throughout the firm.

This role has the option to be remote or based in our Irvine or New York offices.

You are not expected to have experience with all listed responsibilities. If you feel passionately about Acorns' mission, vision and values, please apply.

• Report directly to the Chief Compliance Officer
• Develop, implement, and maintain Broker Dealer Written Supervisory Procedures (“WSPs”) and RIA Compliance Manual
• Review and approve marketing materials and other public communications
• Ensure new product initiatives, or changes to existing products are evaluated for compliance risks
• Strong collaborative and communicative skills, serving as the compliance primary point of contact for product and development
• Partner closely with the Product team to have visibility into all product initiatives/changes and provide guidance from a compliance perspective
• Assist the CCO with regulatory inquiries and examinations, as well as internal and external audits, risk assessments, and gap analysis
• Assist CCO with the 3120 and 206(4)-7 annual reviews
• Manage, design and deliver the Annual Compliance Meeting, Firm Element Plan/Needs Analysis and Firm Element Training Courses
• Provide Subject Matter Expertise (“SME”) to internal partners and senior management
• Assist with various firmwide books and records obligations
• Perform other duties, as assigned

Qualifications:

• 7+ years of Broker Dealer or SEC Registered Investment Adviser experience, and extensive background in developing policies and procedures
• FINRA Series 7 and 24 licenses required : Series 66 license is a plus
• Bachelor’s degree
• Extensive knowledge of securities laws and SEC/SRO rules and regulations
• Strong knowledge and experience working with FINRA Rule 2210, SEC marketing & advertising, and cash solicitation rules
• Solution-focused and detail-oriented with the ability to work with multiple priorities, in a fast paced environment
• Excellent communication skills (written and verbal)
• Thirst for delivering game-changing products
• Exceptional drive and precision in delivery
• A belief that your work is tied to your life's mission
• Strong interest in personal finance and financial wellness
• Optimistic about the potential of societal change

Within 1 month, you will:

• Become well-versed in the firm’s culture and product offerings and organizational structure by meeting with key partners and reviewing key documentation.
• Complete registration with FINRA and the SEC
• Begin assisting with any open examinations or regulatory inquiries
• Become familiar with systems used by Compliance and the firm

Within 6 months, you will:

• Attend to day-to-day compliance responsibilities, including review of Marketing material and Communications with the public
• Assist and/or Lead Regulatory examinations, inquiries, and other requests from authorities to which the firm is subject.
• Proactively work to identify, prioritize and mitigate regulatory risk
• Start planning strategic goals and objectives consistent with and in furtherance of the firm’s mission statement
• Have regular interactions with key business partners

Within 12 months, you will:

• Be fully integrated into the compliance program
• Help drive key strategic initiatives
• Provide subject matter expertise to CCO and key business partners
• Model Acorns’ cultural principles to other team members and employees

What we offer:

• Competitive salary and stock options
• A comprehensive benefits package to meet the needs of you and your family
• Flexible paid time off
• Numerous career possibilities that allow you to grow with Acorns
• Talented and motivated team members who care deeply about one another, our mission and our customers.
• The rare opportunity to create a new world. We inspire one another every day to do meaningful work that solves big societal challenges.

About Acorns:

Acorns is the leading micro-investing app in the U.S. It allows users to round up their daily purchases and automatically Invest the Change® into a low-cost, diversified portfolio of exchange-traded funds offered by some of the world's top asset managers (including Vanguard and BlackRock). Founded in Newport Beach, Calif., by father and son team Walter and Jeff Cruttenden, Acorns provides a simple entry-point using the Acorns app on iPhone or Android. Customers accumulate fractional shares in one of five portfolios constructed by world-renowned Nobel Laureate economist Dr. Harry Markowitz. Acorns' smart portfolio algorithms automatically work in the background of life, helping users build wealth naturally, pennies at a time. From Acorns mighty oaks do grow.

Mission:

With benevolence and courage, we look after the financial best interests of the up-and-coming; beginning with the empowering step of micro-investing.

Commitment to Diversity, Equity & Inclusion:

Acorns believes diversity, equity and inclusion are fundamental obligations that strengthen our team. We need a diverse, multi-disciplinary team to build a meaningful company and culture.

Values:

1. Lead with heart
2. Make bold decisions
3. Always build trust
4. Never stop growing
5. Find a way

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