Financial Operations Manager

Rainfall Ventures; Illinois; Hybrid; USD 97,000 - 114,000; Full time

Benefits offered by this job

Health insurance

Equity ownership

401(k) matching

Catered meals

Job summary

Robinhood is seeking a Financial Operations Manager to support daily/monthly regulatory reporting and the accounting close. This role covers producing required financial reports for broker/dealer entities, including reserve computations, FOCUS reports, and month-end close activities.

You will operate in a fast-paced environment across multiple offices (New York, Chicago, Menlo Park) with in-person collaboration at least 3 days per week.

Qualifications

• Bachelor’s degree in accounting or related field required.
• 5+ years of experience in the finance department of a bank or broker dealer with deep knowledge of regulatory reports.
• Accounting experience at a financial institution including knowledge of entries, reconciliations and financial analysis.

Responsibilities

• Prepare or assist in producing regulatory reports for the broker/dealer, including the Reserve Computation and FOCUS report.
• Assist the month end accounting close process including entries, reconciliation and financial reports.
• Assemble data to complete reports to comply with daily regulatory reporting requirements.

Skills

Regulatory reporting knowledge

Financial reporting

Attention to detail

Analytical thinking

AI tools familiarity

Education

Bachelor’s degree in accounting or related field

Tools

Excel

SQL

Job description

Join us in building the future of finance.

Our mission is to democratize finance for all. An estimated $124 trillion of assets will be inherited by younger generations in the next two decades. The largest transfer of wealth in human history. If you’re ready to be at the epicenter of this historic cultural and financial shift, keep reading.

About the team + role

We are building an elite team, applying frontier technologies to the world’s biggest financial problems. We’re looking for bold thinkers. Sharp problem-solvers. Builders who are wired to make an impact. Robinhood isn’t a place for complacency, it’s where ambitious people do the best work of their careers. We’re a high-performing, fast-moving team with ethics at the center of everything we do. Expectations are high, and so are the rewards.

The Financial Operations group is primarily responsible for the firm's compliance with the SEC, FINRA and other regulatory agencies rules and regulations. The group compiles, reviews and prepares regulatory and financial reports, including but not limited to, 15c3-3 Customer Reserve, Net Capital Computations (SEC) and FOCUS & with all the supplemental schedules. Primary responsibilities will be preparing and assisting in production of Daily Net Capital schedule, the daily 15c3-3 reserve comp, prepare month end accounting entries and reconciliations, and the month end FOCUS report. In addition, this role will assist in the month end accounting process. It's a detail-driven, fast-moving group that takes real pride in getting the numbers exactly right

As Financial Operations Manager, you will assist/and or prepare the daily/monthly financial regulatory reports and assist in the accounting close.

This role is based in our New York, NY; Chicago, IL, or Menlo Park, CA office(s), with in-person attendance expected at least 3 days per week.

At Robinhood, we believe in the power of in-person work to accelerate progress, spark innovation, and strengthen community. Our office experience is intentional, energizing, and designed to fully support high-performing teams.

What you’ll do

• Prepare or assist in producing required financial regulatory reports for the broker/dealer, including the Reserve Computation and FOCUS report.
• Assist the team in the month end accounting close process for the registered broker/dealer including preparing accounting entries, reconciliation and financial reports.
• Assemble data to complete the reports required to comply with daily regulatory reporting requirements

What you bring

• Bachelor’s degree at an accredited institution in accounting or related fields.
• 5+ years of experience in the finance department of a bank or broker dealer with deep knowledge of key processes and controls surrounding the preparation and delivery of required regulatory reports.
• Accounting experience at a financial institution including knowledge of accounting entries, reconciliations and financial analysis
• Intermediate knowledge of Excel and SQL, with comfort using AI tools to work more efficiently.
• Series 27 or 99 (preferred, but will need to obtain within 1 year)
• Ability to thrive in a dynamic, fast-paced environment and eagerness to rapidly ramp up on new subject matter

What we offer

• Challenging, high-impact work to grow your career.
• Performance-driven compensation with multipliers for outsized impact, bonus programs, equity ownership, and 401(k) matching.
• Best-in-class benefits to fuel your work, including 100% paid health insurance for employees with 90% coverage for dependents.
• Lifestyle wallet — a highly flexible benefits spending account for wellness, learning, and more.
• Employer-paid life & disability insurance, fertility benefits, and mental health benefits.
• Time off to recharge including company holidays, paid time off, sick time, parental leave, and more!
• Exceptional office experience with catered meals, events, and comfortable workspaces.

In addition to the base pay range listed below, this role is also eligible for bonus opportunities + equity + benefits.

Base pay for the successful applicant will depend on a variety of job-related factors, which may include education, training, experience, location, business needs, or market demands. The expected base pay range for this role is based on the location where the work will be performed and is aligned to one of 3 compensation zones. For other locations not listed, compensation can be discussed with your recruiter during the interview process.

Base Pay Range:

Zone 1 (Menlo Park, CA; New York, NY; Bellevue, WA; Washington, DC)

$110,500 — $130,000 USD

Zone 2 (Denver, CO; Westlake, TX; Chicago, IL)

$96,900 — $114,000 USD

Zone 3 (Lake Mary, FL; Clearwater, FL; Gainesville, FL)

$85,850 — $101,000 USD

Robinhood provides equal opportunity for all applicants, offers reasonable accommodations upon request, and complies with applicable equal employment and privacy laws. Inclusion is built into how we hire and work—welcoming different backgrounds, perspectives, and experiences so everyone can do their best. Please review the Privacy Policy for your country of application.