Clearing Operations Associate (Margin)

  • Robinhood
  • Lake Mary, FL, USA
  • Sep 19, 2018
Full time Business Development

Job Description

Robinhood is changing the way America invests. We believe our financial system should work for everyone and not just a few. We offer commission-free trading for stocks, ETFs, options, and cryptocurrencies—all in one, user-friendly platform. Since our public launch in 2015, we’ve enabled millions of people to participate in the markets, cementing us as the fastest-growing brokerage ever.

About the Role

We're looking for a motivated self-starter to join our Clearing Operations team and focus on supporting our margin operations.  You'll perform essential operational duties to keep our brokerage business running smoothly, and help to provide the world class trading experience our customers expect from Robinhood.  

As a Clearing Operations Associate (Margin) you will:

  • Perform account level risk management by tracking and resolving margin calls and exceptions including implementation of sellout procedures
  • Keep rigorous records of margin call data
  • Ensure adherence to firm procedures and industry regulations
  • Research and report on complex margin and trading issues 

Some things we consider critical to being a Clearing Operations Associate (Margin):

  • Exceptional attention to detail
  • Strong verbal and written communication skills
  • An in-depth understanding of equities and options
  • Ability to stay organized while performing analysis and solving problems in a fast-paced environment
  • Knowledge of complex options strategies
  • Familiarity with Regulation T and Rule 4210

Minimum Qualifications

  • Bachelor’s Degree or equivalent business experience
  • One year of experience with retail client margin calls
  • Series 7 and 63
  • Proficiency in MS Access and/or Excel
  • Strong Robinhood product knowledge