Senior Compliance Manager, Empower Finance
$150-205k
+ Equity
Credit health & financial management app
Open for applications
Credit health & financial management app
101-200 employees
Open for applications
$150-205k
+ Equity
101-200 employees
Company mission
To expand access to fair credit to give anyone in the world the opportunity to improve their financial security and mobility.
Role
Who you are
- The ideal candidate is seeking a balance between thought leadership and tactical execution
- The individual has demonstrated sound judgment, pragmatism, and expert understanding of the consumer lending regulatory environment
- The successful candidate excels as a player-coach and is energized by the opportunities (and challenges) of a high-growth startup
- 10+ years of consumer lending compliance experience; bank experience preferred
- Experience managing and developing teams
- Proven ability to build strong relationships across an organization
- Demonstrated success influencing and providing effective challenge
- Ability to holistically analyze risk trends, including recognizing signs of changes in risk levels and symptoms of control breakdowns with a keen eye to appropriately identify root causes
- Experience communicating complex regulatory concepts clearly and concisely to management and external stakeholders
- Possess strong project management skills and ability to prioritize multiple demands
What the job involves
- Empower is looking for a high-impact Senior Compliance Manager to join Empower’s Compliance team
- The individual will be responsible for owning key components of Empower’s CMS with a focus on Empower’s lending product offerings
- This role presents ample opportunity to build relationships across Empower’s business teams, including Product, Credit, Marketing, Operations, and Engineering
- This individual will report to the Head of Compliance
- Maintain and mature components of Empower’s consumer lending compliance program:
- Develop or maintain/review policies, procedures, and guidance
- Establish and maintain documented routines for compliance oversight responsibilities
- Create and execute a risk-based monitoring program against applicable regulations and internal policies
- Define impactful compliance metrics and develop other tools necessary to prepare actionable compliance reports to senior management and Empower’s Board
- Mature Empower’s lending compliance risk and control matrices
- Lead lending compliance risk assessment activities
- Serve as a subject matter expert for Empower’s lending compliance related topics
- Conduct business review processes that may give rise to compliance risk (e.g., credit policy and underwriting standards, marketing collateral, new or enhanced products and services)
- Assist with the management of Empower’s third-party compliance-related audits and liaise with Empower’s bank partners and service providers on various compliance-related matters
- Champion a strong culture of compliance
Our take
An individual’s credit score greatly influences their life, affecting their ability to rent, receive loans, buy a house, and access affordable interest rates. But you have to have credit to build credit, leaving a lot of people in a catch-22 situation. Empower is a mobile-only app that makes credit more inclusive and accessible, helping customers achieve their credit health goals regardless of their credit history (or lack thereof).
Though other FinTech companies such as Mint or Personal Capital also offer impressive financial tracking for their customers, Empower’s comprehensive set of personal finance features including cash advance and automatic savings offerings make it a better choice for people who want to use a single app to manage their finances.
By empowering people to take control of their money through its range of financial services, Empower is working to break the cycle of paycheck-to-paycheck living. Backed by Blisce, Defy Ventures and Quiet Capital, the company has been significantly growing its revenue in recent years and was recognized in the 2022 Inc. 5000 list of the fastest-growing companies in the US.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
45% employee growth in 12 months
Trustpilot (1.9)
Company
Funding (last 2 of 3 rounds)
Sep 2022
$75m
LATE VC
Mar 2020
$20m
SERIES A
Total funding: $99.5m
Company benefits
- Generous equity package
- Full healthcare benefits
- Unlimited personal vacation
- Technology expense reimbursement
- Work from anywhere
Company values
- Great Expectations - We come up with bold, audacious goals for ourselves and go all out for impact
- Owner Mindset - We give every employee latitude to act independently, make smart choices, and move the business forward
- Spirited Debate - We love skeptics and seek counter opinions to challenge our personal assumptions and expand our view
- Customer Obsession - We listen to understand, empathize, and create a memorable and rewarding experience for our community
- Inclusive Collaboration - We believe diverse teams make the best decisions — and strive to give diverse voices a seat at the table
- No Jerks Allows - We value our relationships and take the time to build trust and connection and communicate respectfully
Company HQ
Mission District, San Francisco, CA
Leadership
Warren Hogarth
(CEO)Previous Partner at Sequoia Capital and is an Early Investor/Company Builder for multiple companies.
Justin Ammerlaan
(CTO)Founder of Ammerlaan Initiatives and Co-Founder of White Room Trading. Previously worked as a Senior Software Engineer at SDM and a Technical Architect at Fujitsu.
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