Enhanced Due Diligence Associate

About the team + role:

The preferred location for this position is in or around Robinhood's offices in New York, NY, Denver, CO, or Westlake, TX, depending on the applicant’s location. This role is eligible for remote work in limited geographies within the U.S. Check with your recruiter for more information.

Robinhood’s Financial Crimes Team works across a number of verticals in an effort to protect our customers, and ensure compliance with all relevant Sanctions, Anti-Money Laundering and Terrorist Financing rules and regulations.

The EDD Investigator will be responsible for conducting investigations to identify potential money laundering and/or terrorist financing activities, as well as other related activities. This role plays a vital part in the firm meeting its regulatory requirements. The right candidate will have prior EDD investigations experience, including preparing investigation reports, preferably with a broker-dealer or FinTech company.

What you’ll do:

• Investigate customer background information, behavioral patterns, and transactions for possible money laundering or terrorists financing activity


• Prepare investigation reports summarizing findings and recommendations


• Escalate matters requiring immediate attention to management and lead discussions surrounding findings uncovered during an investigation


• Identify process improvements to increase quality, accuracy, efficiency and scalability


• Contribute to drafting new enhanced procedures or controls


• Actively participate in team and cross-departmental meetings, training, etc.

What you bring:

• Bachelor’s Degree or equivalent work experience


• 2+ years experience in EDD/CDD compliance or AML compliance experience with a focus on EDD at a broker-dealer, FinTech, and/or bank


• Previous experience using case management systems including Actimize, CDD or other similar systems


• Demonstrated knowledge of BSA, AML, USA Patriot Act, OFAC and privacy laws as they apply to financial institutions


• Proven understanding of broker-dealer operation and/or financial services compliance functions


• Strong written and verbal communication skills, with the ability to communicate with all levels of management


• Excellent analytical and problem solving skills with the ability to manage multiple priorities simultaneously


• Resourceful and persistent, not willing to always accept the first answer

What we offer:

• Market competitive and pay equity-focused compensation structure


• 100% paid health insurance for employees with 90% coverage for dependents


• Annual lifestyle wallet for personal wellness, learning and development, and more!


• Lifetime maximum benefit for family forming and fertility benefits


• Dedicated mental health support for employees and eligible dependents


• Generous time away including company holidays, paid time off, sick time, parental leave, and more!


• Lively office environment with catered meals, fully stocked kitchens, and geo-specific commuter benefits