Sr. Manager, Broker-Dealer Financial Operations & Controls

Betterment is seeking a Senior Manager to oversee the financial operations and controls of its broker-dealer entity, which safeguards over $65 billion in assets for more than one million customers. This role is integral to the Firm Operations Team, responsible for dividend and corporate action processing, reconciliations, internal controls, and regulatory and financial reporting to ensure compliance with FINRA and SEC financial responsibility rules.

The Senior Manager will be responsible for daily reconciliations, investigating and resolving discrepancies, monitoring firm liquidity and net capital, and overseeing transactional processes including money movements and securities processing. Additionally, the role involves enhancing and implementing controls related to broker-dealer compliance, preparing and filing regulatory reports such as Reserve Calculations and Net Capital Computations, and acting as the primary liaison with auditors during annual broker-dealer reviews.

Candidates should possess a Bachelor's or Master's Degree in Accounting, a CPA License Series 27 or the ability to obtain it rapidly, and a minimum of 5 years of accounting experience in public accounting, preferably in audit. Experience working with a FINOP at a broker-dealer or clearing firm is advantageous. Strong financial reporting skills, the ability to manage multiple priorities in a fast-paced environment, and exceptional written and verbal communication skills are essential.

The position offers a competitive base salary ranging from $135,000 to $160,000, along with a comprehensive benefits package that includes health, dental, and vision insurance, life and AD&D insurance, short-term and long-term disability insurance, an Employee Assistance Program, commuter and parking benefits, FSA/HSA, and a 401(k) plan with employer match. A flexible PTO policy and potential eligibility for a company incentive bonus are also part of the compensation package.

Betterment fosters a collaborative and inclusive company culture, emphasizing innovation and continuous improvement. Employees are encouraged to set ambitious goals and are provided with opportunities for professional development and community building through various Employee Resource Groups. The company values diverse perspectives and offers a supportive environment for career growth.