Compliance Analyst, Earnin
$85-99.3k
+ Equity
Paycheck advance service for employees
Open for applications
Paycheck advance service for employees
501-1000 employees
Open for applications
$85-99.3k
+ Equity
501-1000 employees
Company mission
To build a financial system that works for people.
Role
Who you are
- 1+ years of compliance risk management experience in Financial Services, specifically with consumer deposits, payments, and/or lending experience
- Strong knowledge of federal and state financial regulations, particularly those related to consumer protection and financial products including but not limited to: UDAP/UDAAP, Reg E/EFTA, Reg B/ECOA, Reg, TISA/Reg DD, Reg Z/TILA/CARD Act
- Demonstrated knowledge of compliance/regulatory risks, processes, and control frameworks, and the ability to design and evaluate the effectiveness of controls embedded within business processes
- Experience and strong understanding of various compliance systems with the ability to configure, maintain, and troubleshoot
- Clear, concise, and persuasive written and verbal communication
- Strong orientation to deadline and detail
- Commercially-oriented creative thinker, and problem solver
- Strong project management, critical thinking and analytical skills
- Mature, professional and of unquestionable integrity, carrying out excellent judgment when handling sensitive information
- Ability to embrace and champion our core values; and
- Relevant industry certification (e.g. CRCM) a plus
What the job involves
- We are seeking an experienced Compliance Analyst who will play a critical role in ensuring compliance with regulatory requirements and mitigating both current and emerging risks by creatively leveraging data and technology to improve the effectiveness of business and compliance processes
- You'll review proposed changes or new products, services or features to identify potential compliance risks or concerns and impact of changes to existing compliance policies and procedures
- Provide recommendations for improving the compliance process and enhancing the company’s ability to adapt to regulatory changes
- Monitor the implementation of corrective actions and escalate when appropriate
- Analyze regulations and their applicability to our products and services, and assist with the development of creative and compliant processes and controls
- Administer compliance tools, including configuration, maintenance, and troubleshooting
- Execute projects as directed by the manager, ensuring timely and accurate completion while seeking guidance when needed
- Monitor adherence to policies and procedures, and test the effectiveness of processes and controls
- Foster collaboration and provide cross-functional support within the department, including areas such as fraud, disputes, third-party risk management, privacy, and compliance program
- 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 paychecks 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, 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 business customers who offer Earnin as an employee benefit.
Earnin has managed to continue its steady growth even while the wider tech landscape suffered setbacks, which suggests a wise leadership. It also continues to improve 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
(Founder & 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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