Manager of Risk Operations & Compliance, Octane
End-to-end digital buying experience
Be an early applicant
End-to-end digital buying experience
201-500 employees
Be an early applicant
201-500 employees
Company mission
To connect people with their passions by making lifestyle purchases fast, easy, and accessible.
Role
Who you are
- Bachelor’s Degree (MBA is a plus)
- Minimum 7+ years of professional experience in Risk & Compliance (Fair Lending experience preferred) with background in compliance testing, audit or risk
- 5+ years of direct data management and data controls testing and reporting experience. Includes experience in the utilization of related technology tools
- Strong technical skills with programs such as Excel and PowerPoint, SAS, EG, SSMS, SAP Business Objects, Tableau, Power Bi
- Strong knowledge of regulations governing financial institutions
- Experience in testing technical controls in financial institutions associated with compliance, SOX, audit, operational risk or related functions
- Experience in requirement gathering and analysis, working with stakeholders, workflows Business processing, Process Mapping and GAP analysis
- Ability to communicate complex regulatory concepts clearly and concisely to non-compliance individuals
- Experience working with consumer financial laws and regulations including but not limited to ECOA, TCPA, FCRA, TILA, UDAAP, FDCPA, EFTA
- Seeking a business process mapping expert to map the existing process, integration to various systems, where applicable regulations are required, policies, etc and identify gaps as well as identify data source from source systems to the target systems
- Familiarity with risk measurement approaches including development of Key Risk Indicators and thresholds and associated reporting and analytics tools (e.g., Tableau)
- Experience with a GRC tool (Orion, Archer, SAI360, etc.)
- Detail oriented, organized, energetic and action focused
What the job involves
- We are seeking a Manager, Risk Operations and Compliance to lead the development and implementation of a robust Risk Control Self-Assessment (RCSA) and Risk & Control Matrix (RCM) program to identify, evaluate, and mitigate risks across the organization
- This role involves designing control frameworks, addressing control gaps, conducting compliance testing, and implementing effective monitoring programs to ensure processes operate as intended
- Collaborating with cross-functional teams, including Legal, Compliance, and Operations, the candidate will support regulatory adherence, enhance business processes, and ensure compliance is embedded in decision models and credit policies
- Responsibilities include leading testing programs like Octane, performing root cause analysis, developing remediation plans, and creating KRIs and KPIs
- Additionally, the role requires project management of compliance initiatives, troubleshooting control reporting systems, and ensuring policies and procedures align with regulatory standards
- Lead and support the development of the Risk Control Self-Assessment (RCSA) and a Risk & Control Matrix (RCM) program to properly identify Risks across the organization
- Ensure proper identification of Risks, Controls, Control gaps, Control Design and Control testing is built and implemented across the organization
- Ensure the Risk and Control/Compliance Testing program properly evaluates the firm's compliance with applicable laws and regulations and to help ensure that control gaps are adequately escalated and mitigated through remedial actions
- Lead the development of the Octane testing program including testing modules, test scripts, sample methodologies, reporting results and action plans
- Assist in development of proper monitoring programs to ensure controls and processes are working as intended
- Partner closely with peers to understand the process risks and develop process control reporting requirements
- Must be capable of determining the root cause of issues and develop effective remediation plans to mitigate the risks
- Can act as a Project Manager for Compliance related initiatives tracking business decisions and ensuring outcomes to meet regulatory standards
- Collaborate with cross-functional partners and Legal to design, implement, and support a regulatory compliant program
- Work closely with the Servicing, Collections and Credit Ops teams to support Octane business processes, decisioning models and credit policies while ensuring compliance is properly embedded and monitored for completeness and accuracy
- Experience in requirement gathering and analysis, working with stakeholders, workflows Business processing, Mapping and GAP analysis
- Provide risk & compliance advisory support on end-to-end processes
- Troubleshoot the process control reporting environment, database and reports
- Evaluate and fully understand current policies & procedures
- Provide root cause analysis for control gaps and/or control weaknesses
- Develop KRIs and KPIs
Our take
Octane Lending is revolutionizing the financing process within the powersports industry. The company's online platform offers streamlined online financing options and has significantly improved customer experience through its technology-driven solutions.
In addition to its core focus, Octane has expanded its offerings to include recreational vehicles, tractors, trailers and electric vehicles. The company collaborates with over 30 original equipment manufacturers (OEMs) and has originated more than $4B in loans through its in-house lender, Roadrunner Financial.
Octane's impressive flurry of funding rounds in 2024 underscores strong confidence in its business model and future growth. The new capital will allow Octane to expand into more markets, all off the back of a milestone year in which it has expanded into marine markets and achieved $5B in aggregate originations.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
Company
Company benefits
- Medical, Dental, Vision: Generous coverage for you and your dependents
- Generous Parental Leave: As your family grows, ours does too
- 4+ Weeks of PTO: Enjoy your time off & have the encouragement to take it!
- Education Stipend: Up to $3000/year for continuing education
- Competitive 401(k): We match 100% of the first 3% you contribute and 50% of the next 2%, for a total match of up to 4%
- Donation Matching: Octane matches charitable gifts from employees year-round
- Powersports Safety Benefit: Up to $500/year for powersport safety equipment
- Gympass Membership: We offer flexible memberships to thousands of gyms, studios, and apps to support your wellness journey
Company values
- Embrace diversity of people & ideas
- See opportunity not obstacles
- Win as a team
- Own our customers' success
- Ruthlessly prioritize
- Seek truth & test assumptions
Company HQ
Midtown South, New York, NY
Articles
Leadership
Mark Davidson
(Co-Founder & CRO)Previously co-founded Cheggin where they served as the CEO. They also co-founded oDigger and CaptureSEO and worked as a Marketing Manager at Egos Marketing.
André Gregori
(Head of Dealer Products & Co-Founder)Head of Dealer Products at Octane Lending. Previously co-founded Cheggin.
Mark Garro
(Senior Director of Engineering & Co-Founder)Senior Director of Engineering at Octane Lending. Previously served as the CTO at Cheggin and ScholarLocker. They also worked as a Software Engineer at VIVANA Wellness.
Michael Fanfant
(Boardmember & Co-Founder)Board Member at a number of companies including Octane Lending. Also a General Partner at Runa Capital and previously a Strategy Associate at Capital One.
Share this job
View 8 more jobs at Octane