Robinhood is hiring a

Clearing Operations Associate, Margin

Lake Mary, United States

Join a leading fintech company that’s democratizing finance for all.

Robinhood was founded on a simple idea: that our financial markets should be accessible to all. With customers at the heart of our decisions, Robinhood is lowering barriers, removing fees, and providing greater access to financial information. Together, we are building products and services that help create a financial system everyone can participate in.

Just as we focus on our customers, we also strive to create an inclusive environment where our employees can thrive and do impactful work. We are proud of the world class products and company culture we continue to build and have been recognized as:

  • A Great Place to Work
  • A CNBC Disruptor 50 in 2019 and 2020
  • A LinkedIn Top Startup in 2017, 2018, 2019 and 2020

Robinhood is backed by leading investors that include DST Global, Index Ventures, NEA, Ribbit Capital, Thrive Capital, and Sequoia.

Check out life at Robinhood on The Muse!

About the role:

We're looking for a motivated self-starter to join our Clearing Operations team in a dynamic and fast-paced working environment where you will be maintaining the highest level of service by supporting 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.  In addition, you'll partner with internal stakeholders to implement strategies and act as the Margin subject matter expert while working collaboratively with the Product Management and Engineering teams on the current maintenance and future development/enhancements of the Margin platform.

What you’ll do day-to-day:

  • 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

About you:

  • A proven track record in Operational Risk & Control in Banking or Financial Services
  • Strong technical ability for complex issue resolution and the aptitude to learn system flows
  • Ability to appropriately prioritize competing demands
  • High accuracy rates and a high standard of attention to detail
  • Ability to work well in a change focused environment
  • Working well in a team environment
  • Enthusiastic, proactive and flexible attitude
  • Ability to work well under pressure in a high paced environment
  • Strong organizational, communication and prioritization skills
  • 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
  • Bachelor’s Degree or equivalent business experience
  • One year of experience with retail client margin calls
  • Active Series 7 and 63

Bonus points: 

  • Proficiency in MS Access and/or Excel
  • Strong Robinhood product knowledge

We’re looking for more growth-minded and collaborative people to be a part 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 promotes diversity 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. To review Robinhood's Privacy Policy please click here.