Senior Specialist of Regulatory Compliance, Lyft
$68-85k
+ Potential equity & bonus
Ride sharing company
Be an early applicant
Ride sharing company
1001+ employees
Be an early applicant
$68-85k
+ Potential equity & bonus
1001+ employees
Company mission
To improve people’s lives with the world’s best transportation.
Role
Who you are
- Bachelor’s degree or 3+ years of relevant experience in an audit, risk, or compliance role
- Strong oral and written communication skills
- Exceptionally organized, detail oriented, and efficient
- Ability to multi-task effortlessly and manage competing priorities under demanding deadlines
- Drive to provide accurate results as quickly as possible and continuously iterate
- Self starter, independent and deadline driven
- Proficiency working in a Mac environment, and specifically with Google Apps (e.g., Docs, Sheets, etc.), Excel, and Adobe Acrobat
What the job involves
- Lyft is looking for a Senior Specialist to join its Compliance team, which is positioned in Lyft’s Legal Department
- Lyft's Compliance team is responsible for understanding, communicating, and fulfilling Lyft’s regulatory obligations
- As a Senior Specialist in our Compliance team, you will be responsible for managing a variety of tasks, including, but not limited to, those related to driver background checks, and the management and execution of external regulatory audits
- This will also include cross-functional work necessary to maintain the processes that optimize driver screening, and those required to perform audits, document processes, and respond to data requests from regulators
- Work with cross-functional partners like Lyft’s Data Analytics and Regulatory Compliance teams to manage the Compliance Audit program
- Execute audit processes that incorporate quality assurance reviews, and then facilitate the review and transmission of audit documentation
- Organize audit material systemically and establish internal reporting metrics for program management
- Become an internal subject matter expert on driver background checks and assist with support agent training and escalated support cases
- Liaise with cross-functional teams and external parties regarding background checks
Our take
Lyft has aimed for consistent growth, making sure to pitch itself as a more reliable and friendly ride-sharing option than its main competitor, Uber. Uber has a greater market share and operates globally, but Lyft hopes to compete by its focus on ride-sharing over Uber's more diversified business approach and as a more rider-friendly and greener alternative to Uber.
Operating only in the USA and Canada, Lyft is in a position of being less affected by global events than Uber but also more vulnerable to local conditions. As an example, while it doesn't face the regulatory hurdles around employment rights that Uber does, it is unable to balance out the cost of the unusually expensive US auto insurance across its operations.
In 2022, Lyft acquired PBSC Urban Solutions, a bike-share equipment and technology supplier, allowing Lyft to compete in new verticals and reaffirming its commitment to green transportation. It has also trialed and launched Lyft Assisted, where drivers help passengers from their door into the car to get to medical appointments. These developments chime well with Lyft's unique selling point as a friendlier and more environmentally aware ride-sharing app.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 14 rounds)
Jun 2018
$600m
LATE VC
Mar 2018
$200m
LATE VC
Total funding: $4.9bn
Company benefits
- Great medical, dental, and vision insurance options
- Mental health benefits
- In addition to 12 observed holidays, salaried team members have unlimited paid time off, hourly team members have 15 days paid time off
- 401(k) plan to help save for your future
- 18 weeks of paid parental leave. Biological, adoptive, and foster parents are all eligible
- Pre-tax commuter benefits
- Lyft Pink - Lyft team members get an exclusive opportunity to test new benefits of our Ridership Program
- Family building benefits
- Lyft Pink - Lyft team members get an exclusive opportunity to test new benefits of our Ridership Program
Company HQ
China Basin, San Francisco, CA
Articles
Leadership
John Zimmer
(Co-Founder)Originally an Analyst at Lehman Brothers, Zimmer then founded Zimride which was a private ridesharing company that pivoted into Lyft.
Logan Green
(Co-Founder)Founded Zimride, a private ridesharing company which later pivoted into Lyft.
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