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Director of Broker-Dealer Operations

BettermentBetterment HQ - New York City
Hybrid Full-time $173K/yr - $189K/yr

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Experience Level

Senior Level Manager

Qualifications

Proven leadership experience in broker-dealer operations or related financial servicesStrong knowledge of regulatory compliance requirements (FINRA, SEC)Exceptional analytical and problem-solving skillsAbility to collaborate effectively across departments and with external partnersExperience in process improvement and automationExcellent communication skills

About the job

About Betterment

Betterment is a pioneering, technology-driven financial services organization dedicated to providing investment and retirement solutions for retail investors and investment advisors. We also offer financial wellness services, such as a 401(k) for small and medium-sized enterprises. Our team is committed to our mission: empowering individuals to build wealth with confidence and ease. Based in New York City, we offer a hybrid work model requiring in-office attendance four days a week.

About the Role

The Broker-Dealer Operations Team at Betterment manages and operates our broker-dealer entity, which safeguards over $65 billion in assets for more than one million customers. Responsibilities include firm-level dividend and corporate action processing, reconciliations, designing and implementing internal controls, and regulatory and financial reporting to ensure compliance with pertinent FINRA and SEC rules.

This team collaborates across departments to enhance and automate processes, maintaining relationships with various third parties such as auditors, clearing firms, and banking institutions. Additionally, we partner with Product and Engineering teams to design and operate innovative products like Self-Directed Investing and Securities Lending.

As the Director of Broker-Dealer Operations, you will lead the team, overseeing all financial and operational aspects of our broker-dealer business. You will work cross-functionally to ensure compliance with industry regulations, maintain accurate financial records, develop new products, and optimize operational processes to support our growth.

This position is based in our NYC office, requiring in-office attendance from Monday to Thursday each week. Below is the base salary range we offer for this position, which may vary based on location, experience, and performance. The listed range is one component of Betterment’s total compensation package.

  • New York City: $173,000 - $189,000

We provide a competitive equity package, health, dental, and vision insurance, life and AD&D insurance, short-term and long-term disability coverage, EAP services, commuter and parking benefits, FSA/HSA options, and a 401(k) with employer matching, along with a flexible PTO policy. This position may also qualify for variable compensation through a company incentive bonus.

About Betterment

Betterment is at the forefront of technology-driven financial services, striving to create innovative solutions for wealth management. We empower our clients to achieve financial wellness through accessible investment opportunities and comprehensive support.

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