Director of Compliance, MoneyLion
$145-160k
4+ days a week in office
The all-in-one mobile banking experience
Open for applications
The all-in-one mobile banking experience
501-1000 employees
Open for applications
$145-160k
4+ days a week in office
501-1000 employees
Company mission
MoneyLion's mission is to empower millions in achieving their life goals by taking control of their finances. Their approach is giving people access to a comprehensive range of personalised service and products, changing the way people engage with their money.
Role
Who you are
- Influential leader that possesses the ability to think outside the box and is solution oriented in the complex fintech regulatory environment
- Minimum of 10+ years of relevant experience in a compliance managerial position in the financial services industry
- Experience working at a fintech or in a B2B/B2B2C technology sector is preferred
- Strong knowledge of GLBA, FCRA, TILA, UDAAP and other financial regulations
- Experience in privacy program management and strong knowledge of data protection and privacy issues, particularly as they relate to the fintech/financial services industry
- Sharp analytical skills, diligent, proactive, and collaborative, and have demonstrated excellent legal and business judgment and strategic thinking
- Proven ability to build and maintain strong relationships with partners
- Comfortable in dynamic, fast-paced environments, with an entrepreneurial spirit and willingness to roll up your sleeves and do the work
- Interest in the unique privacy and regulatory considerations in the fintech space, including as they relate to the use of artificial intelligence and machine learning in product- and operations-related processes
- Excited by our mission of giving everyone the power to make their best financial decisions
What the job involves
- We are looking for a business-minded, execution-driven Director of Compliance to join our Compliance team
- We are a nimble Compliance department supporting a growing business, so we are seeking an individual who enjoys wearing multiple hats, proactively takes on new responsibilities and is excited by the challenge of providing compliance oversight at a dynamic, fast-growing fintech company
- Partner with a range of cross-functional teams, including marketing, product, sales, and operations, to identify and mitigate compliance risks on a range of legal and regulatory issues impacting MoneyLionâs products, business and customers
- Enhance our Compliance Management System to ensure robust oversight of the product development process at MoneyLion and efficient rollout of policies and processes
- Oversee MoneyLionâs partner due diligence program, accountable for diligence processes and procedures and an effective ongoing monitoring program
- Operationalize and oversee change management processes across various fintech partners to ensure compliance with regulatory updates and changes
- Work creatively and collaboratively to guide the product and business teams on novel ideas and applicable laws and regulations relating to consumer protection, marketing, data protection and privacy in the fintech space
- Develop, strengthen and audit our privacy and information governance programs, practices, and procedures and ensure compliance with privacy and data protection laws
- Engage with external partners and other stakeholders with respect to regulatory and compliance issues that impact MoneyLionâs products and services
- Review proposed rulemakings and monitor evolving laws in the fintech space that may impact MoneyLionâs products and services, and spearhead initiatives to operationalize and implement compliant solutions
- Draft and maintain compliance policies, procedures and related materials for MoneyLionâs products and services, including terms and conditions and product policies and disclosures, and implement related processes
- Evaluate and report on compliance program trends and KPIs; contribute to a âculture of complianceâ by bringing compliance recognition to other units within the business
- Assist legal and compliance team members in other projects as needed
Our take
Managing our financial lives can be a challenge. From banking to investing, there are a plethora of institutions, products and services to choose from in the market.
Whilst legacy banks have traditionally been focused on a specific service within the financial industry, MoneyLion have built a full-service digital platform to deliver mobile banking, lending, and investment solutions. From their app, users can get a complete overview of their financial lives.
It is a neobank on the rise. Since its launch in 2013, MoneyLion has signed up nearly 8 million users, doubled its revenue between 2020-2021 and acquired a stake in digital asset settlement provider Zero Hash, adding crypto-based investing to their platform.
However, this is a highly competitive industry and one that in the first quarter of 2023, was highly volatile. MoneyLion also has big competition against the likes of Chime, Revolut, and RobinHood. Whilst competitive and operating within an evolving space, MoneyLion is continuing on a strong path through its marketplace strategy, matching members with partner brands and saw an increase in revenue through 2023.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
-1% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Mar 2020
$25m
SERIES C
Jul 2019
$100m
SERIES C
Total funding: $254m
Company benefits
- Employee Resource Groups
- Work from home opportunities
- đť Home Office Equipment
- đ´ Office Snacks & Coffee
- đ Medical Benefits
- â° Flexible Working Hours
- ⨠Employee Discounts
- Unlimited Time Off
- đś Parental Leave
- đ° Company Match 401 (K)
- đ¤ Employee Referral Bonuses
- đź Equity Grants
Company values
- Customers first | We always put our customers first in everything we do
- Win together | We embrace our global team and diversity of perspectives across technology, design, finance and business
- Innovation | Fast, focused, and tireless innovation is our edge
Company HQ
Civic Center, New York, NY
Articles
Leadership
Dee Choubey
(CEO)Dee worked at Citigroup, Goldman Sachs, Citadel, and Barclays for a combined 10 years. He left his role in Investment Banking at Barclays having founded MoneyLion in September 2012.
People progressing
Having founded Lone Wolf Risk Management Consulting in November 2018, Jerry joined MoneyLion as Credit Risk Advisor in February 2019. He was promoted to Head of Credit Risk in May 2019.
Having worked for Comerica Bank for 4 years and Goldman Sachs for 2, Erika joined MoneyLion as Senior Manager of Strategic Finance in September 2018. She was promoted to Head of Strategic Finance in February 2021.
Salary benchmarks
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