Sr. Manager, Broker-Dealer Financial Operations & Controls

About Betterment Betterment is a leading, technology‑driven financial services company that offers investing and retirement solutions for retail investors and investment advisors as well as financial wellness solutions, including a 401(k) for small and medium‑sized businesses. Our team is passionate about our mission, to empower people to build wealth with confidence and ease. We’re headquartered in NYC and offer hybrid NY‑based positions (Four days/ week in‑office). About the role The Firm Operations Team at Betterment oversees and operates Betterment’s broker‑dealer entity that safeguards over $65B in assets for over one million customers. The team is responsible for firm‑level dividend and corporate action processing, reconciliations, design and operation of internal controls, and regulatory and financial reporting to maintain compliance with relevant FINRA and SEC financial responsibility rules. The team works collaboratively across departments to improve and automate processes, as well as owns the relationships with various third parties including the broker‑dealer’s auditors, clearing firm, and banking institutions. As Senior Manager of Broker‑Dealer Financial Operations and Controls you will play a pivotal role in overseeing and managing all financial and operational aspects of our broker‑dealer business. You will collaborate cross‑functionally to ensure compliance with industry regulations, maintain accurate financial records, and optimize operational processes to support our growth. This role is based out of our NYC office. For jobs based out of our NYC HQ, we require in‑office attendance Monday through Thursday, weekly. Below we list the base salary range we would offer for this position. Actual salaries may vary depending on factors including but not limited to location, experience, and performance. The range listed is one component of Betterment’s total compensation package for employees. New York City: $135,000 – $160,000 We offer a competitive equity package, health, dental and vision benefits, life and AD&D, short‑term and long‑term disability insurance, EAP, commuter and parking benefits, FSA/HSA, and 401(k) with employer match as well as a flexible PTO policy. This job may also be eligible for variable compensation in the form of a company incentive bonus. A day in the life The ideal candidate for this role will possess a strong understanding of broker‑dealer operations, financial reporting, and regulatory compliance, particularly in financial services and technology. They are comfortable in a spreadsheet, talking to auditors and regulators, and working with our Product and Engineering teams to build out new products. On any given day you will: Complete and oversee daily reconciliations, investigating and resolving any breaks Monitor firm liquidity and net capital, overseeing all transactional processes including money movements and securities processing Enhance, implement, and execute against additional controls related to broker‑dealer compliance Work with the FINOP to prepare and file weekly, monthly, and annual reporting, such as Reserve Calculations, Net Capital Computations, and year‑end financial packages Act as main counterpoint with auditors for our annual broker‑dealer reviews What we’re looking for Bachelor’s or Master’s Degree in Accounting CPA License Series 27 or ability to rapidly obtain 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 a plus Strong experience with financial reporting Ability to work independently and manage multiple priorities in a fast‑paced environment Exceptional communication skills, both written and verbal What being at Betterment means for you We change lives. Join a community of innovators working to transform financial outcomes for real people. Your work will make an impact, always laddering up to our mission: making people’s lives better. We set audacious goals. We set them for the company, our customers, and ourselves—and we won’t stop until we reach them. We don’t just show up; we give our all, then celebrate our wins. We value all perspectives. When we collaborate, we’re at our best. We believe diverse perspectives lead to better outcomes and strive to uphold our supportive and inclusive community. We invest in you with: A competitive suite of benefits, including medical, dental, vision, life and AD&D insurance, STD and LTD benefits, infertility support and World Professional Association for Transgender Health approved benefits, and generous parental leave. Flexible paid time off (and encouragement to use it!) Meaningful opportunity for community building through our 7 Employee Resource Groups Empowerment to own and lead change and affect the business Dedicated professional development opportunities Lunch from our in‑house chef at our NYC headquarters What happens next We’ll take a few weeks to review all applications. If we’d like to spend more time with you, we’ll reach out to arrange next steps, which will include 3–4 sets of meetings with your future colleagues. In the interview process, we’ll look to learn more about your skills, experiences, capabilities, and motivators. Many of our questions will be aimed at understanding how you might operate here at Betterment. Depending on the role, we may ask you to complete a case study exercise or technical assessments, as we want to collect a robust set of data points to better inform our decisions. On average, it takes us around 3–5 weeks to make a hiring decision, depending on your availability and sense of urgency. As a best practice, we aim to interview at least 2–3 final round candidates before making a hiring decision. Please note that, as we usually receive an overwhelming number of applications for open positions, we’re unable to offer individual feedback during the interview process. We recognize that interviewing for a new role is a big deal. We appreciate you considering Betterment as the next step in your career, and our Recruiting Team is here to support and advocate for you through the interview process! Betterment is dedicated to providing accommodations to candidates upon request. If you need accommodations at any point throughout the interview process, please reach out to your recruiter. Betterment participates in E‑Verify. We will provide the Social Security Administration, and if necessary, the Department of Homeland Security, with information from each new employee’s Form I‑9 to confirm work authorization. Please note that we do not use this information to pre‑screen job applicants. E‑Verify Notice. E‑Verify Notice (Spanish). Right to Work Notice. Right to Work Notice (Spanish). CPRA Language – CA Applicants ONLY. We collect and store personal information for the purposes of candidate tracking (for this role and future opportunities). The information you provide in the course of completing your application will be kept for up to 24 months. We use tools provided by third‑party service providers but do not share candidate information for any purpose other than for recruiting. To access the data that is collected, request deletion or to make updates to your candidate profile, please email View email address on click.appcast.io. We’re an equal opportunity employer and comply with all applicable federal, state, and local fair employment practices laws. We strictly prohibit and do not tolerate discrimination against employees, applicants, or any other covered persons because of race, color, religion, creed, national origin or ancestry, ethnicity, sex, gender (including gender nonconformity and status as a transgender or transsexual individual), sexual orientation, marital status, age, physical or mental disability, citizenship, past, current or prospective service in the uniformed services, predisposing genetic characteristic, domestic violence victim status, arrest records, or any other characteristic protected under applicable federal, state or local law. Come join us! #J-18808-Ljbffr