Compliance Counsel, Octane
$140-170k
+ Stock options package
End-to-end digital buying experience
Be an early applicant
End-to-end digital buying experience
201-500 employees
Be an early applicant
$140-170k
+ Stock options package
201-500 employees
Company mission
To connect people with their passions by making lifestyle purchases fast, easy, and accessible.
Role
Who you are
- J.D. from an ABA accredited law school and Bar Association membership with 1 or more states
- 3+ years of experience in consumer finance law and regulation
- 5+ years of experience as an attorney
- Excellent negotiation, consultation, and analytical skills
- Experience drafting, reviewing and negotiating commercial vendor contracts and SaaS agreements and proficiency in service level agreements, industry trends and best practices
- Knowledge of 3rd party risk assessments and applying a vendor management program
- Knowledge of relevant consumer lending, consumer protection, cybersecurity, privacy and security regulations (Including but not limited to: TILA, FCRA, FDCPA, AML/BSA, OFAC sanctions and UDAAP)
- Advance skills with the Google Suite, MS Office, DocuSign and other online platforms
- Outstanding communication skills, both verbal and written and the ability to explain complex legal issues to laymen across the company
- The ability to handle ambiguity and uncertainty at a small to mid size company
- Project and time management skills
- Ability to operate autonomously
What the job involves
- As Octane’s Compliance Counsel, you will work closely with the Sr
- Vice President and Compliance Counsel, serving as the liaison between the compliance team and business units company-wide
- As Compliance Counsel, you will provide legal advice necessary for the effective execution of the Company’s Compliance Management System
- You will demonstrate a mastery of relevant local, state and federal consumer protection and regulatory laws and their application to business operations and take responsibility for the effective execution of the Compliance Management System
- Monitor and analyze federal, state, and local regulatory developments concerning consumer lending, lending operations and other activities that may impact our company, marketplace, and industry, and engage with our business partners to ensure understanding of same and operational readiness
- Collaborate with team members to identify issues and improve existing processes and procedures to ensure consistent interpretation and application of legal requirements across Octane’s product portfolio
- Provide risk & compliance advisory support throughout the organization on end-to-end processes and product launches
- Provide support to the company’s consumer complaint program
- Support compliance issue management activities to ensure timely review and remediation of potential compliance risks and vulnerabilities
- Collaborate with leadership to ensure visibility into compliance risks impacting key initiatives, company growth, or business partners
- Manage regulatory exam, audit, and litigation requests as needed
- Maintain the company's various lending & servicing licenses as well as handling volume reporting related to those licenses
- Solve regulatory questions through research and collaboration with the compliance team and outside counsel
- Work with the executive team to advise on business decisions with respect to legal and compliance requirements in our heavily regulated industry
- Advise on contract status, legal risks, and the legal liabilities associated with different transactions
- Oversee the review, drafting and negotiation of contracts related to business needs and deliver legal direction and counsel to staff
- Responsible for updating policies and procedures in line with statutory, regulatory, and contractual requirements
Our take
Octane Lending is revolutionizing the financing process within the powersports industry. The company's online platform offers streamlined online financing options and has significantly improved customer experience through its technology-driven solutions.
In addition to its core focus, Octane has expanded its offerings to include recreational vehicles, tractors, trailers and electric vehicles. The company collaborates with over 30 original equipment manufacturers (OEMs) and has originated more than $4B in loans through its in-house lender, Roadrunner Financial.
Octane's impressive flurry of funding rounds in 2024 underscores strong confidence in its business model and future growth. The new capital will allow Octane to expand into more markets, all off the back of a milestone year in which it has expanded into marine markets and achieved $5B in aggregate originations.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Company benefits
- Medical, Dental, Vision: Generous coverage for you and your dependents
- Generous Parental Leave: As your family grows, ours does too
- 4+ Weeks of PTO: Enjoy your time off & have the encouragement to take it!
- Education Stipend: Up to $3000/year for continuing education
- Competitive 401(k): We match 100% of the first 3% you contribute and 50% of the next 2%, for a total match of up to 4%
- Donation Matching: Octane matches charitable gifts from employees year-round
- Powersports Safety Benefit: Up to $500/year for powersport safety equipment
- Gympass Membership: We offer flexible memberships to thousands of gyms, studios, and apps to support your wellness journey
Company HQ
Midtown South, New York, NY
Leadership
Mark Davidson
(Co-Founder & CRO)Previously co-founded Cheggin where they served as the CEO. They also co-founded oDigger and CaptureSEO and worked as a Marketing Manager at Egos Marketing.
André Gregori
(Head of Dealer Products & Co-Founder)Head of Dealer Products at Octane Lending. Previously co-founded Cheggin.
Mark Garro
(Senior Director of Engineering & Co-Founder)Senior Director of Engineering at Octane Lending. Previously served as the CTO at Cheggin and ScholarLocker. They also worked as a Software Engineer at VIVANA Wellness.
Michael Fanfant
(Boardmember & Co-Founder)Board Member at a number of companies including Octane Lending. Also a General Partner at Runa Capital and previously a Strategy Associate at Capital One.
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