Compliance Specialist, Prosper Marketplace
$80-125k
+ Bonus
Online P2P lending marketplace
Be an early applicant
Online P2P lending marketplace
201-500 employees
Be an early applicant
$80-125k
+ Bonus
201-500 employees
Company mission
To advance financial wellbeing by providing affordable financial solutions to consumers across the credit spectrum.
Role
Who you are
- Bachelor’s degree preferred
- 3+ years’ experience in regulatory compliance for a financial services company, FinTech company, or government agency
- Demonstrated knowledge of federal financial statutes and regulations (e.g. TILA and Reg. Z, ECOA and Reg. B, UDAAP, Dodd-Frank, SCRA, MLA, FCRA, BSA, FDCPA, etc.)
- Solid interpersonal skills and ability to effectively communicate findings, identified issues and remediation plans
- Ability to work independently and identify and focus on critical issues
- Ability to operate in a fast-paced environment with flexibility to prioritize, balance, and respond to competing needs within the organization
- Must be highly organized, detail-oriented, and service-oriented
- Basic SQL understanding a strong plus
What the job involves
- We are seeking a Compliance Specialist to assist the company’s compliance department in administering its regulatory compliance program.
- The role will report directly to the Compliance Manager for the Personal Loan Compliance Program, but also support the maintenance of the other Compliance Programs as needed
- Utilize extensive knowledge of consumer lending compliance laws to support the management and execution of the compliance program and ensure ongoing compliance with applicable laws, regulations, and best practices
- Handle both proactive and reactive needs arising from identified issues, changing regulatory environments and potential emerging risks
- Support the compliance testing and monitoring function and work with business lines to prepare remediation plans of identified issues
- Support the marketing compliance reviews for the personal loan, credit card and home equity suite of products
- Support the compliance third party oversight program
- Assist with the review of training materials to ensure compliance with consumer finance laws
- Support partner relationships, including working directly with Prosper’s bank partners to facilitate review and approval of company policies
- Assist in internal and external audit responses, investigations, and validations
Our take
Prosper is a peer-to-peer lending platform, that connects investors with borrowers directly. When it launched in 2005 it was the first of its kind and paved the way for the now crowded peer-to-peer lending market, which includes competitors like Peerform, Upstart, Funding Circle and LendingClub.
The company provides an attractive option by cutting out the middleman and making applications faster, meaning that socially and financially rewarding investments can be made. Prosper is one of the largest and most recognized in this industry, having facilitated billions in loans to over two million borrowers.
In more recent years, Prosper has forged ties with banks to allow it to launch its home equity credit line, indicating a new direction for the company. It continues to develop its offering and remains a force in the market, with no reason it won't continue to succeed.
Freddie
Company Specialist at Welcome to the Jungle
Insights
2% employee growth in 12 months
Company
Funding (last 2 of 10 rounds)
Sep 2017
$50m
SERIES G
Jan 2013
$20m
LATE VC
Total funding: $153.8m
Company benefits
- Take-what-you-need (paid) vacation for salaried employees
- 20 days of PTO and 7 paid holidays/year for hourly employees
- Stock options
- 401K retirement savings plan with generous matching
- Comprehensive health, dental and vision insurance plans, with options specific to your own health coverage needs
- Prosper Fit - A monthly stipend to use for gym memberships, personal training sessions, yoga and exercise classes, or club sports/fitness fees
- Pre-tax commuter/parking assistance
- Snacks and beverage selections in our kitchen
- Monthly meet-and-greet happy hours
- Perkspot discount programs
- One Medical
- SF Location - Rooftop deck with ping-pong and foosball table
Company HQ
The East Cut, San Francisco, CA
Leadership
David Kimball
(Chairman & CEO)Having studied for an MBA at Brigham Young University, David worked in Management at Ford Motor Company for over 10 years, prior to spending another decade at USAA. He left his role as CFO and COO to join Prosper Marketplace in March 2016 as CEO and Chairman.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 6 more jobs at Prosper Marketplace