Compliance Lead, Affirm
Product Advisory
$115-170k
Salary dependent on location + ESPP An employee stock purchase plan enabling you to buy shares of Affirm at a discount
More information about location
Buy-now-pay-later card for online and in-store
Be an early applicant
Buy-now-pay-later card for online and in-store
1001+ employees
Be an early applicant
$115-170k
Salary dependent on location + ESPP An employee stock purchase plan enabling you to buy shares of Affirm at a discount
More information about location
1001+ employees
Company mission
To deliver honest and transparent financial products that improve users' lives.
Role
Who you are
- Bachelor’s degree or equivalent experience (compliance certifications a plus)
- 5+ years of experience in a compliance product advisory role within financial services
- Experience supporting or advising on products subject to TILA (Reg. Z) and/or EFTA (Reg. E) (e.g., credit cards, payments, or deposit-like products)
- Experience working in fast-paced, ambiguous environments and making risk-based decisions with incomplete information
- Experience advising revenue-generating stakeholder groups, ideally including Product and Engineering teams
- A strong interest in fintech and consumer financial protections
- Working knowledge of consumer financial laws and regulations, including UDAAP, CAN-SPAM, FCRA, TCPA, TILA (Reg. Z), ECOA (Reg. B), EFTA (Reg. E), and TISA (Reg. DD)
- Inquisitive and proactive in identifying problems, proposing creative solutions, and adapting in a fast-paced environment
- Ability to work in a self-directed environment with strong strategic thinking and problem-solving skills, and operate effectively with minimal guidance
- Strong verbal and written communication skills, with the ability to clearly present complex and nuanced issues
What the job involves
- The Legal, Compliance, and Public Affairs team is a group of dedicated professionals committed to helping Affirm scale, innovate, and provide outstanding products for consumers, merchants, and key partners
- We combine legal, compliance, and policy expertise to guide growth, shape products, and build trust across our ecosystem
- Our work spans multiple professional disciplines and provides the foundation for Affirm’s mission to deliver honest financial products
- Affirm’s Compliance team designs and implements a compliance program that proactively addresses regulatory requirements while also identifying potential compliance issues that may arise
- Compliance program activities include advisory, training, testing & monitoring, reporting, and oversight
- Although a second line of defense, Compliance partners with the business to support new products, markets, and initiatives, as well as issue identification, remediation plans, and risk assessment
- Compliance uses multiple data sources to enable informed decision-making, strengthen controls, and support better outcomes for consumers
- Affirm is seeking a Compliance Lead to join the Direct-to-Consumer Product Compliance team
- This role is primarily focused on product advisory, with close partnership across Product, Engineering, and Operations teams throughout the development lifecycle
- You will engage in the decision-making process, helping teams identify key risks, ask the right questions, and navigate complex and ambiguous scenarios
- While regulatory requirements may be clearly defined, applying them in a product context often requires thoughtful interpretation
- In this role, you will operate effectively in gray areas, balancing regulatory expectations with business and customer considerations, and providing guidance that is both compliant and practical
- You will work with cross-functional partners to evaluate tradeoffs and develop flexible, well-reasoned solutions that enable progress while managing risk
- The Compliance Lead will play a key role in ensuring business partners adhere to applicable regulatory requirements and internal policies
- You will collaborate closely with Legal and Compliance stakeholders to assess risk, interpret regulatory requirements, and guide teams toward effective and sustainable compliance outcomes
- The ideal candidate brings a strong background in financial services compliance, a solid understanding of the fintech landscape, and demonstrated experience advising on consumer-facing products within complex regulatory environments
- Collaborate with the Product teams to optimize Affirm's offerings by identifying and mitigating compliance risks without compromising business objectives
- Review and approve financial services marketing materials to ensure they comply with regulations and industry standards
- Partner cross-functionally with Compliance, Legal, Risk, and Product to complete reviews and address root causes of compliance issues
- Develop and maintain compliance training and reference materials
- Operate in a fast-paced environment while delivering detailed and diligent work
- Support the completion of the compliance risk assessment and control inventory, including collecting and documenting results
- Serve as an expert on regulatory compliance, especially as it applies to new and revised financial products and services
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.
Serving over 21 million consumers and over 300,000 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
-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
- Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family
- Spending Wallets: Access tech, food, lifestyle, and family planning wallets for your expenses
- Supportive Communities: Get involved with our employee resource groups and community groups
- Remote-first Workforce: If your role is remote, you can set up shop anywhere in your home country
- Generous Time Off: Take the time you need when life happens
- Health Benefits: Get a plan that fits your needs
- Mental Healthcare: Take care of your mind with great mental health programs
- Parental Leave: Birth and non-birth parents get 18 weeks’ paid leave. Plus, a 4-week return-to-work transition program, at full base pay
- Away Days: We offer 20 company-wide paid days off—which help our teams collectively pause to recharge
- Learning & Development: Engage in exciting learning programs to level up your growth
Company HQ
Chinatown, San Francisco, CA
Leadership
Max Levchin
(Co-Founder & 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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