Compliance Lead, Affirm
Fair Lending
$102-155k
Salary is partially dependant on applicant’s location
More information about location
POS installment loans
Open for applications
POS installment loans
1001+ employees
Open for applications
$102-155k
Salary is partially dependant on applicant’s location
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
- 5+ years of professional work experience in Compliance Risk, Audit, or Bank Regulatory
- Excellent organizational and relationship skills
- A strong interest in fintech and consumer finance
- Experience working with consumer financial regulations, including Reg. B (ECOA), UDAAP, CAN-SPAM, FCRA, Reg. E, Reg. P, and Reg. Z
- Inquisitive and proactive in proposing creative and effective solutions
- Strong project management, critical thinking, and analytical skills
- Excellent verbal and written communication skills with the ability to clearly present complex and sensitive issues
What the job involves
- Affirm is seeking a Compliance Lead who will support efforts to mature the company’s Fair Lending Program
- This position plays a fundamental role by delivering key results and providing subject matter expertise on regulatory requirements. In this capacity, the Compliance Lead will collaborate with Legal, Product, Credit, Applied Machine Learning, Engineering and senior leadership to identify and assess fair lending risk within applicable requirements, and provide guidance to mitigate risk
- Remotely, the role will report to the Senior Compliance Manager of Fair Lending and will work cross-functionally with other teams
- Work closely with cross functional partners to support the ongoing maturation of aspects of the Fair Lending Program (e.g. advisory frameworks, risk assessment, testing, governance)
- Provide Fair Lending advice and possess the ability to communicate complex regulatory expectations for Fair Lending matters throughout the product life-cycle and across all products and services
- Assist in documenting critical processes, support the maintenance of internal team sites, and support the Compliance team in maintaining relevant policies, risk assessments, training materials, issues management and other related items
- Collaborate with relevant stakeholders to ensure transparency into compliance risks impacting key initiatives, company growth or Bank partners
- Build relationships with business and functional partners
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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