Director of Compliance, Affirm
$203-310k
Salary is dependent on location + May include equity rewards (grade 12) + ESPP
POS installment loans
Open for applications
POS installment loans
1001+ employees
Open for applications
$203-310k
Salary is dependent on location + May include equity rewards (grade 12) + ESPP
1001+ employees
Company mission
To deliver honest and transparent financial products that improve users' lives.
Role
Who you are
- Advanced degree or CRCM or similar designation, preferred
- 10+ years of experience in compliance risk management or legal advisory
- Preferred experience with: Risk Operations, Credit Furnishing and Disputes, Regulation Z disputes, SCRA/MLA, State Law Requirements
- Demonstrated experience regulatory compliance reviews
- Experience with tracking and monitoring corrective actions, audits or exams
- Experience with consumer protection and general banking regulations of the Fed, FDIC, OCC, and/or CFPB
- Demonstrated sound decision-making, negotiation, and collaboration skills
- Excellent verbal, written, and interpersonal communication skills
- Ability to interact with all levels of an organization
- Self-motivation and a willingness to take ownership of projects
- A team player mindset, pitching in wherever needed
- A passion for improving the lives of consumers through Affirm’s products
- Humility, integrity and a sense of humor; you take your work seriously but not yourself
What the job involves
- Affirm’s Compliance team is seeking a Director, Compliance - Repayments and Servicing/Collections to lead a team of compliance professionals responsible for various second-line advisory and operational functions at Affirm
- The role will report to the Senior Director, US Compliance and will work cross-functionally with other teams
- Affirm’s Compliance team provides company-wide leadership, standards, support, and independent oversight to ensure that business units abide by applicable laws, rules, and regulations. Compliance credibly challenges management decisions, business processes, and evaluates adherence to applicable regulatory requirements
- Compliance provides appropriate analysis, reporting, and escalation to Executive management and the Board, set minimum standards for the company, and provide guidance for compliance risk management activities across the company
- Manage a team who is responsible to provide second-line oversight and regulatory advisory services for Product, Eng and Operations in the Repayments, Servicing, Collections/Recovery stage of the product life-cycle
- Provide Compliance review for vendor management oversight activities (risk assessment, onboarding new servicing vendors) Prepare and/or review responses to Regulatory, Bank Partner and Audit Engagement requests
- Work with responsible business units on issues/incident response triage and to agree on corrective actions to strengthen preventative and detective controls
- Ensure identified deficiencies are promptly addressed and effectively resolved
- Write reports, memos or presentations that clearly articulate the results/conclusions of compliance review activities or risk escalations and communicate to key stakeholders across the company
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.
Boating over 15 million customers and 245,000+ 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
Few candidates hear
back within 2 weeks
-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
- Spending wallets
- Supportive communities
- Remote-first workforce
- Generous time off
- Health benefits
- Mental healthcare
- Birth and non-birth parents get 18 weeks’ paid leave. Plus, a 4-week return-to-work transition program, at full base pay
- We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family
- We offer 24 company-wide paid days off—which help our teams collectively pause to recharge
- Learning & development
Company values
- People Come First
- No Fine Print
- It's On Us
- Simpler is Better
- Push the Envelope
Company HQ
Chinatown, San Francisco, CA
Articles
Leadership
Max Levchin
(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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