Product Compliance Associate, Step
$104-156k
+ Stock
Mobile banking that helps build credit
Job no longer available
Mobile banking that helps build credit
201-500 employees
Job no longer available
$104-156k
+ Stock
201-500 employees
Company mission
To create a bank that gives users the tools to become smarter with their money and reward them along their financial journey.
Role
Who you are
- Bachelor’s degree with a minimum of five (5) years of proven and progressive experience; preferably in a compliance role with a financial institution or fintech
- Experience in consumer banking, lending, payments, and deposits
- Have extensive knowledge in financial / fintech regulations and network rule compliance within products including, but not limited to:
- TILA/Reg Z, ECOA/Reg B, FCRA, UDAAP, EFTA, SCRA/MLA, GLBA, COPPA
- SEC broker-dealer and investment advisory
- Credit model regulatory compliance
- All other applicable regulations and network rules
- Experience growing existing compliance infrastructure and internal controls
- Proven track record of successful cross-functional collaboration across internal stakeholders
- Ability to independently advance progress with limited oversight
- Superb verbal and written communication skills
- Strong analytical skills and impeccable attention to detail
What the job involves
- Support design, development, and go-to-market implementation of new products, features, and initiatives while ensuring compliance with applicable laws, rules, and regulations
- Act as primary expert and advisor on all Step product compliance matters
- Serve as counterpart and liaison on product compliance matters with bank partners to facilitate compliance and credit model reviews and approvals
- Analyze and summarize various regulatory developments and industry innovations impacting the business
- Stay informed and maintain a deep understanding of consumer protection, lending, and fintech regulations
- Collaborate with cross-functional teams (product, engineering, marketing, design, and risk) to support the launch and post-launch activities of new products and features
- Manage product compliance standards for all marketing internally and externally with banking partners and platform partners
- Oversee compliance training programs for employees
- Manage privacy and data security compliance
- Perform and support all product, marketing, and privacy compliance examinations, regulatory inquiries, audits, and risk assessments
- Conduct all vendor and critical subcontractor diligence and reviews
- Provide regular reports on compliance activities to senior management, regulators, and Step’s Board of Directors
Our take
Thanks to an increasingly mobile-native and plugged-in younger demographic, fintechs have a new market to play for: teens and young adults. It’s led to fierce competition, but Step is one of the players leading the pack.
Step’s offering is a fee-free, interest-free visa card, with instant payments and easy account management that is optionally controlled by a parent (or sponsor). The idea is to offer a relatively low-risk sandbox in which young people can build up financial literacy along with a good credit score, whilst enjoying the benefits of digital banking.
Some savvy TikTok marketing by Step, along with flashy backing from celebrity investors, has helped it rapidly onboard over 3 million users and cultivate strong name-brand recognition. In 2026 it was acquired by MrBeast's company, a move which Step hopes will amplify its platform so that it can broaden its reach.
Freddie
Company Specialist at Welcome to the Jungle
Insights
10% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Apr 2021
$100m
SERIES C
Dec 2020
$50m
SERIES B
Total funding: $176.3m
Company benefits
- Competitive Medical, Dental, Mental Health & Wellbeing benefits
- 12 weeks paid parental leave, baby bonus to support unexpected expenses and flexible return to work
- 401k Retirement Plan
- Annual Professional Development Reimbursement Program
- Flexible Work From Home and Time Off Policy
- Stock Options
Company HQ
Ventura, Palo Alto, CA
Leadership
CJ MacDonald
(Co-Founder & CEO)Originally worked in Senior Sales and Business Development roles at Synapse, LiveOps, and Luminate, the latter of which was acquired by Yahoo. Subsequently co-founded Gyft, ultimately acquired by First Data.
Alexey Kalinichenko
(Co-Founder & CTO)Previously a Software Engineer at Microsoft and Google, before moving into a Senior Engineer role at Square. Left to serve as CTO for Token.
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