Compliance Analyst, Earnin
Advisory
$80-90k
+ Equity
Paycheck advance service for employees
Be an early applicant
Paycheck advance service for employees
201-500 employees
Be an early applicant
$80-90k
+ Equity
201-500 employees
Company mission
Earnin’s mission is to build a financial system that works for people.
Role
Who you are
- 3+ years of experience in compliance, risk management, or a related field in professional services, Fintech, or financial services; relevant certifications (e.g., CRCM, CUCE) are a plus
- Basic understanding of financial services laws and regulations, payment systems/rails with a strong willingness to learn and apply guidance
- Familiarity with compliance/regulatory risks, processes, and control frameworks and a developing ability to evaluate the effectiveness of controls within business processes
- Strong written and verbal communication skills, with a focus on clear and concise documentation and the ability to synthesize information effectively
- Detail-oriented and deadline-driven, with a commitment to producing accurate work
- Creative thinker and problem solver with a growth mindset and a customer-focused approach to compliance challenges
- Foundational project management and analytical skills, with a proactive attitude toward learning critical thinking methodologies
- Ability to demonstrate and align with EarnIn’s core values: Customer First, Collaborative, Creating Impact, and Inventive
- Professional, responsible, and trustworthy, with sound judgment when handling sensitive information
- Proficiency in Excel/Sheets (e.g., basic functions, formatting, and data organization; willingness to learn advanced features such as VLOOKUP and pivot tables) and PowerPoint/Slides
What the job involves
- We are seeking a detail-oriented and experienced Compliance Analyst to focus on mitigating consumer protection compliance risks and driving adherence to regulatory expectations. In this role, you will apply a data-driven approach to assess and improve business processes, compliance controls, and risk management strategies across deposits, payments, and lending
- Collaborate with product and marketing teams to support compliance efforts by gathering requirements and providing operational insights to ensure adherence to consumer protection regulations in the development and enhancement of deposit, payment, and lending products
- Assist in evaluating the application of compliance requirements for new and existing products, ensuring alignment with EarnIn’s compliance framework and regulatory expectations through research and documentation
- Conduct preliminary research and analysis of new regulations and changes to existing regulations, identifying potential impacts on products and processes and recommending updates to maintain compliance
- Support the development and maintenance of compliance policies, procedures, and controls by performing routine reviews, identifying enhancements , and contributing to process documentation and updates
- Partner with cross-functional teams to support monitoring and testing of adherence to compliance policies, providing data collection and preliminary analysis to identify improvement opportunities and corrective actions
- Assist in designing and delivering compliance training materials, tailoring content to specific stakeholder groups under the guidance of senior team members, and promoting awareness of compliance practices
- Contribute to the execution of compliance risk assessments by compiling data, preparing reports, and tracking findings to ensure risks are accurately documented and communicated
- Participate in cross-functional projects by providing administrative and analytical support to help ensure compliance objectives are met and project timelines are maintained
- Monitor and report on the implementation of corrective actions from compliance breakdowns, escalating unresolved issues to senior team members as necessary
- Provide clear, well-documented guidance to stakeholders, synthesizing complex regulatory information into digestible formats under the supervision of senior compliance team members
- All other duties as assigned
Our take
Paying bills is an inevitable part of life, but paying them late or dipping into overdrafts can result in fees. This is the reality for millions of workers who have to wait for their pay checks to arrive – and the problem that companies like EarnIn are trying to solve. By allowing hourly workers access to their pay as it is earned rather than on a fixed date, it hopes to provide all Americans with the ability to deal with immediate costs without going into arrears.
Unlike competitors in this growing space such as Dave, Earnin charges no mandatory fees, instead gaining revenue through a voluntary tipping system. It also requires no credit checks to access its services, which puts it ahead of the growing number of digital banking solutions. This approach has garnered it a strong user base of over 300,000 business customers which offer Earnin as an employee benefit. Around 70 million paycheck advances were taken through the platform in 2022 alone, totalling $5 billion. Since then, this number has grown to an overall earnings access value of $15 billion.
Earnin is growing despite current difficulties in the wider tech landscape and is continuing to hire in all departments. It will continue to improve upon its offering and expand its network of businesses, aiming to give every employee in America control of the money they've earned.
Freddie
Company Specialist at Welcome to the Jungle
Insights
42% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Dec 2018
$125m
SERIES C
Sep 2017
$39m
SERIES B
Total funding: $190.1m
Company benefits
- 401k
- FSA
- Mental health resources
- Employee Resource Groups
- Stipend for growth opportunities
- Pet friendly office
- Work from home opportunities
- Health insurance
Company HQ
Evergreen Park, Palo Alto, CA
Leadership
Ram Palaniappan
(CEO)Was Senior Operations Manager at Reflect.com, a P&G company. Served as President of UniRush from 2004 to 2012.
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