Compliance Associate

  • Acorns
  • Irvine, CA, USA
  • Jun 01, 2018
Full time Compliance Security

Job Description

At Acorns, we're building a different kind of investing experience - one that looks after the financial best interests of the up-and-coming. The Acorns team is passionate about pursuing our mission and living our values. It all begins with Heart. Our Heart leads us in everything we do. It allows us to make bold decisions, build trust, grow and advance our society. Come find your place at Acorns and join us in the revolution.

The Compliance Associate reporting to the Chief Compliance Officer, will assist in providing oversight of the Broker-Dealer and Investment Adviser of our rapidly growing Fintech firm by ensuring operations and procedures comply with FINRA/SEC regulations. The Compliance Associate/Compliance Officer will effectively communicate his/her findings and recommendations to facilitate resolution to problems as they arise.

Within 1 month, you will:

  • Review advertising, marketing materials, client communications for compliance with regulatory rules
  • Review, document and report complaints to FINRA on quarterly basis
  • Oversee internal email and website surveillance
  • Review outside brokerage statements and outside business requests
  • Oversee Firm Element Continuing Education program
  • Maintain, initiate, and process registration and licensing for registered representatives

Within 6 months, you will:

  • Provide training on updated regulations and/or policies and procedures
  • Review suspicious account activity and escalated cases for AML concerns
  • Work on projects and deadlines for audits and regulatory exams
  • Respond to customer complaints, subpoenas, and regulatory inquiries
  • Provide backup support to operations on account and transaction approvals on an as needed basis
  • Implement a process for verifying record creation, storage, and organization as well as develop policies and procedures for the process.

Within 12 months, you will:

  • Develop and implement compliance policies and procedures, outlining firm policies, regulations and best practices
  • Identify and utilize various internal (e.g. compliance team members, admin system, etc.) and external resources (e.g. training seminars, regulatory/ examiner websites and publications) to implement the requirements of applicable regulations
  • Provide ongoing compliance review and guidance for development of new investment products and updates to existing product offerings

What you will bring to Acorns:

  • Series 7, 66, 24 licenses
  • Bachelor's degree
  • Excellence in MS Word, PowerPoint, Excel
  • Demonstrated Excellence with due diligence
  • 3+ years recent experience working in Securities Industry, preferably in a compliance or operations role
  • Knowledge and experience with securities and financial instruments
  • Familiarity with SEC and FINRA regulations along with the Investment Advisers Act of 1940
  • Ability to learn proprietary web-based account services applications
  • Ability to communicate effectively
  • Strong analytical and organizational skills
  • Effective verbal and written communication skills
  • Ability to handle multiple tasks with attention to detail and to work under pressure
  • Self-starter with the ability to work both independently and as a part of a team in a fast-paced startup environment

What we offer:

  • Competitive salary and stock options
  • A comprehensive benefits package to meet the needs of you and your family
  • Unlimited paid time off
  • Corporate gym access
  • Daily breakfast, weekly team lunches, and an endless supply of snacks
  • 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.

Values:

1. Lead with heart
2. Make bold decisions 
3. Always build trust
4. Never stop growing 
5. Advance our society