Who we are

M1 is a personal finance platform made for the modern era, uniting individual perspective with automated ease. Hundreds of thousands of investors take control of their long-term wealth with M1 and have already trusted us with over $6 billion of assets. As the Finance Super App™, we empower financial well-being with all the tools to invest, borrow, and spend: low-cost borrowing, high interest checking, and high cash back Visa® debit and credit card rewards.

We believe that financial well-being is fundamental to overall well-being and strive to deliver products that are simpler, smarter, and stronger than those created by our competitors. We've been named a top app for investors including 2022 Best for Low Costs and Best for Sophisticated Investors by Investopedia.

 As a fast-growing fintech company, we’re looking for talented and smart individuals who are excited about rethinking what’s possible with personal finance, invested in their personal and professional growth, and take ownership of the work they want to do – all while helping others create something meaningful and sustainable for their futures. Our award-winning workplace culture has been recognized by Inc. (Best Workplaces 2022), Built In Chicago (2022 Best Places to Work in Chicago), CB Insights (Top Fintech Companies of 2021), and the Chicago Tribune (2021 Top Workplace).

 We mean it when we say, “M1 is yours to build.”

 If this sounds interesting to you, read on!

What we’re looking for

As Director of Compliance, you will play a critical role in the future of M1. Reporting to our General Counsel, you’ll work as a leader on our compliance team by working throughout the company to help create and implement the policies and procedures that will allow for key risk management initiatives to ensure M1 complies with all applicable laws and regulations. You’ll bring your introducing broker-dealer and self-clearing expertise to guide M1 into the utmost compliance with FINRA and SEC rules. You and your team will provide regulatory compliance and supervision advice to all lines of business and act as a subject matter expert for all things compliance related. You’ll identify trends and build processes for internal and external identified risks. We are only seeking applicants with broker-dealer clearing experience.

The Director of Compliance will support M1’s business with contributions in all functions of compliance, including: 

• Self-clearing
• Audit and Regulatory Compliance
• Compliance Administration
• Compliance Advisory and Risk Management
• Compliance Supervision
• Education, Training, and Promoting a Compliance Culture
• Policies and Procedures

What You'll Do 

• Lead advisor for the broker-dealer and self-clearing related responsibilities
• Assist Legal with risk assessment and risk portfolio
• Manage a strong and intelligent team, by providing first-hand-experience insight, counsel, instruction and empowerment
• Build relationships with Compliance, Legal, Fraud, Risk and Operations colleagues and key business partners including Marketing, Design, Product, and Engineering
• Advise business partners on application of compliance requirements for new products and services, process development, remediation, and improvement, and changes in law or regulation
• Collaborate with business partners to draft and implement policies and procedures
• Assist with BSA/AML risk assessments to identify areas of high risk and develop internal controls and processes to mitigate associated risks.
• Develop and enhance regular and on-going compliance-related training and resources 
• Enhance risk management program by contributing to initiatives related to third party vendor due diligence, BSA/AML, and on-going compliance testing and monitoring

Skills/Qualifications

• You have a Bachelors Degree in an accounting, law, business, other related field or relevant military experience
• Active FINRA Series 7 and 24 licenses required (CFA, CFP, or Series 65 also preferred)
• 10 years of experience in a compliance, operations, or supervision role in a financial services organization
• Experience creating, enhancing, or executing innovative compliance initiatives or programs
• Comfortable interpreting regulatory guidance to create actionable, relatable policies and procedures 
• Exceptional communication skills, both verbal and written, to the team you’ll manage and the relationships you build with the wider business
• Ability to identify and solve complex and ambiguous issues 

M1's Commitment to Diversity

M1 is proud to be an equal opportunity employer. We celebrate different experiences and we're committed to diversity, equity, and inclusion (DEI) at all levels of the company. Women, minorities, veterans, members of the LGBTQIA community, and individuals with disabilities are strongly encouraged to apply. With our three DEI task forces (internal education, recruiting, and community involvement) and five Employee Resource Groups (Mental Health, Pride, Black, Latinx, and Women at M1), M1 employees and leaders set aside company time to tackle DEI projects and achieve goals every quarter.

Our Values

Our team embodies our eight core principles and if these principles speak to you – we’d love to talk with you.

• Mission Driven: We will passionately apply ourselves to deliver immense value to our customers, knowing if they succeed, so too will the company
• Extreme Ownership: We think and act like owners. Our focus is building long-term value, not scoring short-term marks. We own everything in our domain, including the outcome and everything that affects it
• Boldness: We want to do things of consequence. Make a difference. We would rather fail at something meaningful than succeed at something trivial
• Bias for action: The best way to make progress is to act
• Economical: Efficiency is important, and we consider both the costs and benefits of our actions
• Team-oriented: In working together, we maintain a low ego, make everyone feel welcome, assume good intent, trust one another, and seek out different perspectives. We empower our teammates to be at their best.
• Challenged, but not overwhelmed: We are curious people who always want to grow. Growth happens outside our comfort zone. We achieve our potential through consistent, manageable growth
• Integrity: We do the right thing. When we make mistakes, we own and correct them. We would be proud of our actions are shared with our family, friends, and strangers. Everyone can count on us to act according to our values, beliefs, and principles we state we hold. This trust must never be broken.

Our Perks

• Competitive Pay and Stock Options
• Comprehensive health, dental, vision, disability, and life insurance
• Retirement benefit with employer match
• Unlimited PTO
• $500 to spend on home office equipment while working from home
• Stylish M1 swag
• Socially distant team outings, celebrations, and events
• Transparent and open communication with leadership
• Office in the Loop with a Game Room and Gym
• Access to employee workshops and training about financial literacy, empathy and mental health, professional development, and more
• Free subscription to Insight Timer, the world’s #1 meditation app for sleep, stress, and anxiety