Senior Manager of Compliance, Affirm
$146.1-243.5k
Salary dependent on location. Plus employee stock purchase plan
More information about location
POS installment loans
Job no longer available
POS installment loans
1001+ employees
Job no longer available
$146.1-243.5k
Salary dependent on location. Plus employee stock purchase plan
More information about location
1001+ employees
Company mission
To deliver honest and transparent financial products that improve users' lives.
Role
Who you are
- The ideal candidate will possess extensive knowledge of FCRA and other servicing regulations, exceptional analytical skills, and a proven track record in developing and implementing effective compliance programs
- Bachelor's degree in business, law, finance, or a related field. Advanced degree or professional certification in compliance is a plus
- Minimum of 8 years of relevant experience in compliance management, with a focus on servicing operations compliance, including FCRA, and issues management
- In-depth knowledge of FCRA and other servicing, collections, and repayments regulations, guidelines, and industry best practices
- Strong analytical and problem-solving skills, with the ability to assess complex compliance issues and develop effective solutions
- Excellent communication and interpersonal skills, with the ability to interact with individuals at all levels of the organization
- Proven experience in leading compliance initiatives and driving a culture of compliance within an organization
What the job involves
- We are seeking an experienced and detail-oriented Senior Compliance Manager
- As a Senior Compliance Manager, you will be responsible for overseeing compliance with the Fair Credit Reporting Act (FCRA) and managing issues related to regulatory compliance within the organization
- Additionally, you will advise Affirm’s Servicing, Collections, and Repayments teams on compliance requirements
- FCRA Compliance:
- Stay abreast of changes in FCRA and ensure organizational policies and procedures align with the latest requirements
- Design, implement, and manage a comprehensive FCRA compliance program to mitigate risks and ensure adherence to regulatory standards
- Conduct regular audits and assessments to monitor FCRA compliance across all relevant business functions
- Regulatory Compliance Advisory:
- Stay abreast of changes in servicing, collections, and repayments regulations and ensure organizational policies and procedures align with the latest requirements
- Provide guidance to Affirm’s Servicing, Collections, and Repayments teams on compliance requirements related to product changes and new initiatives
- Issues Management:
- Identify, assess, and manage compliance-related issues within the organization
- Collaborate with cross-functional teams to develop and implement corrective action plans in response to identified compliance issues
- Serve as a subject matter expert on compliance matters, providing guidance and training to employees at all levels
- Policy Development and Enhancement:
- Develop and update compliance policies and procedures, ensuring alignment with regulatory requirements and best practices
- Work closely with legal and regulatory affairs teams to interpret and integrate new laws and regulations into existing compliance programs
- Training and Education:
- Develop and deliver training programs on FCRA compliance and other relevant servicing, collections, and repayments regulations to ensure awareness and understanding across the organization
- Provide ongoing education and communication to employees regarding changes in compliance requirements
- Monitoring and Reporting:
- Establish and maintain monitoring mechanisms to track compliance metrics and key performance indicators
- Prepare and present regular reports to senior management, highlighting compliance status, identified issues, and remediation efforts
Our take
Affirm offers point-of-sale loans to consumers, working with merchants like Shopify, KAYAK, and Walmart. Buy now, pay later transactions have grown in popularity in recent years, and this business is tapping into the market with a totally different approach to credit - by delivering the Affirm card, the first US debit card with the option to pay-over-time.
Boasting over 21M consumers and 337,000+ merchants, the company offers flexible payback options, ranging from 3 to 36 months. The interest rates run between 0% and 30%, so, while they are not necessarily the cheapest option, Affirm prides itself on having no fees for late payments, no hidden charges, and total transparency about what people will pay before they take out a loan.
Affirm collects payments from the customers and pays the merchants directly, shouldering the risk itself. The company has boosted its market share, expanding its availability beyond the US to include most of Canada, and continues to launch new features and create new partnerships towards bettering its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-11% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Sep 2020
$500m
SERIES G
Apr 2019
$300m
SERIES F
Total funding: $1.1bn
Company benefits
- Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family
- Spending Wallets: Access tech, food, lifestyle, and family planning wallets for your expenses
- Supportive Communities: Get involved with our employee resource groups and community groups
- Remote-first Workforce: If your role is remote, you can set up shop anywhere in your home country
- Generous Time Off: Take the time you need when life happens
- Health Benefits: Get a plan that fits your needs
- Mental Healthcare: Take care of your mind with great mental health programs
- Parental Leave: Birth and non-birth parents get 18 weeks’ paid leave. Plus, a 4-week return-to-work transition program, at full base pay
- Away Days: We offer 20 company-wide paid days off—which help our teams collectively pause to recharge
- Learning & Development: Engage in exciting learning programs to level up your growth
Company HQ
Chinatown, San Francisco, CA
Leadership
Max Levchin
(Co-Founder & CEO)Has founded/co-founded numerous companies, holding various executive positions at each, including Paypal, Slide, Glow, HVF Labs, and SciFi VC. Also worked at large brands including Google, Yelp, Yahoo, and Evernote.
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