Regulatory Compliance Manager, Sunbit
$100-130k
This role will also be granted company equity via stock options
Buy now, pay later technology platform
Job no longer available
Buy now, pay later technology platform
201-500 employees
Job no longer available
$100-130k
This role will also be granted company equity via stock options
201-500 employees
Company mission
To eliminate financial waste and pass the savings back to our customers and merchant partners.
Role
Who you are
- Education: Bachelor’s degree
- Experience: 3+ years of professional experience in regulatory compliance, internal audit, or risk management within the financial services or banking sector
- A strong understanding of, and willingness to learn, regulatory compliance matters in the consumer financial space, including BSA/AML, OFAC, Reg E, Reg Z, UDAAP, and GLBA
- Demonstrated experience in implementing and testing Agentic AI workflows and using automation platforms
- Proven ability to technically optimize business processes and lead automation efforts
- Expertise in analyzing complex business workflows to pinpoint technical inefficiencies and develop solutions for re-engineering
- Practical experience with the Nationwide Multistate Licensing System (NMLS) or in obtaining state licenses
- Ability to pull and analyze data using SQL, Excel (advanced functions/pivot tables), or BI tools to identify compliance trends or anomalies
- Strong grasp of audit/testing methodologies, including sample selection, control testing, and root-cause analysis
- Ability to quickly learn and effectively utilize software such as Jira, Confluence, Salesforce, and agentic AI solutions
- The ability to simplify complex legal or regulatory texts into clear, actionable business requirements for Product and Engineering teams
- Proven track record of managing multiple regulatory deadlines and high-stakes projects (such as license renewals or audits) simultaneously, with minimal oversight
- Strong integrity and the capability to make difficult, risk-based decisions in a fast-paced commercial environment
- A technology-focused mindset, with the ability to quickly learn and effectively utilize software (such as Jira, Confluence, Figma, Salesforce, etc.)
What the job involves
- Reports To: Corporate Counsel
- Sunbit is looking for a data-driven Regulatory Compliance Manager to join our Legal and Compliance team. Operating at the intersection of technology and regulatory expertise, this position is designed for a professional capable of translating intricate legal mandates into functional technical workflows
- In this capacity, you will maintain rigorous compliance standards while leveraging automation and proactive strategies to enhance business operations
- Compliance Testing & Gap Analysis:
- Design and deploy automated compliance testing agents that perform real-time audits of loan documentation and disclosures, reducing reliance on manual sampling and spot checks
- Document findings in formal reports and work with business leads to implement corrective action plans
- Comprehend key regulatory compliance requirements and implement a thorough compliance plan that effectively addresses them
- Process Optimization: Based on the compliance plan and prioritization, understand, measure, and develop strategies to optimize compliance business processes to achieve team and company goals
- Full-Lifecycle Licensing Management: Oversee the nationwide licensing program to maintain compliance across jurisdictions and coordinate cross-functional responses to new and existing licensing needs
- Ensure zero lapse in operational authority through rigorous tracking of deadlines and timely submission of license renewals, annual reports, and any other required documents
- Manage the NMLS (Nationwide Multistate Licensing System) filings, ensuring all quarterly and annual reports are submitted with accuracy
- Monitor legislative changes to proactively identify new licensing requirements as we expand into new products
- Business & Data Analysis: Utilize AI and data analytics to perform predictive compliance modeling, identifying potential regulatory risks before they manifest in production workflows
- Cross-functional Leadership: Work cross-functionally with Operations, Engineering, Analytics, and Legal teams to determine requirements, set priorities, and drive projects to implementation
- Workflow Engineering: Identify and troubleshoot issues within operating processes by creating, optimizing, and automating workflows to reduce operational friction
- Regulatory Exam Management: Serve as the primary point of contact for regulatory examinations, inquiries, and investigations from state agencies, the CFPB, and State Attorneys General
- Drive cross-functional responses to licensing examinations by serving as the primary liaison between Legal, Data, Accounting, Business, and People
- Lead on the compilation and substantive review of examination deliverables, including transaction-level testing and the drafting of narrative responses to regulatory inquiries regarding operational processes
- Execute rigorous data validation and quality assurance reviews on complex datasets (including loan lists, communication logs, and payment histories) to ensure accuracy prior to regulatory submission
- General Compliance Support: Contribute to the continuous evolution of the compliance framework by spearheading special projects and cross-functional initiatives as necessitated by business expansion or regulatory shifts
Our take
Buy now pay later (BNPL) options have been a lifeline for consumers who need to make essential purchases but need a bit more breathing space to pay for them. Sunbit provides a BNPL solution to service providers, retailers and consumers, helping thousands of communities where traditional financing options have previously been the only route.
Sunbit disrupts the lengthy process of getting credit, utilizing its own proprietary machine learning technology to create personalized payment plans for each customer rather than relying on pre-approval based on a FICO score. Their 30-second approval process makes it an attractive option for retailers looking to increase sales, as customers can get an in-store decision. Payback has 3, 6, and 9-month flexible options, and the platform covers purchases of up to $10,000.
The company is looking to grow after an impressive financial investment in 2024 that reflects consumers turning to new payment options, such as BNPL. The funding is supporting its Sunbit no-fee credit card and embedded financing partnerships.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
8% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
May 2021
$130m
SERIES D
Sep 2020
$26m
SERIES C
Total funding: $211.2m
Company benefits
- Mission driven + empowered + collaborative
- Competitive pay and stock options
- Health Insurance options including Medical, Dental, Vision, Life, EAP, FSA, & Maternity Leave
- 401K Plan with Matching
- Cell Phone Stipend
- Commuter Supplement for LA Office eligible employees
- Casual Dress
- Monthly Lunches in LA HQ
Company HQ
Westwood, Los Angeles, CA
Leadership
Arad Levertov
(Co-Founder & CEO)Arad served in the Israeli Defense Forces as a Major for 5 years, before spending almost 5 years at Intel. They left their role of 6 years as COO of Enova International to co-found Subnit in January 2016.
Ornit Dweck-Maizel
(Co-Founder & CTO)Having spent 2 years as an Intel Software Developer, Ornit worked at superderivatives in R&D for 9 years. She co-founded Sunbit in 2016, serving since as CTO.
Tamir Hazan
(Co-Founder & Head of AI)Tamir undertook a PhD in Machine Learning and Computer Vision at The Hebrew University before co-founding Sunbit with Ornit, Arad, and Tal. They have been in Analytics since June 2017.
Tal Riesenfeld
(Co-Founder & Chief Revenue Officer)Tal served in the IDF before spending 2 years at HP in Strategic Marketing and 4 months at Google. They co-founded Eyeview in 2008, working there for 8 years prior to co-founding Sunbit in 2016.
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