Compliance Exam Lead, Affirm
CA$102-142k
Plus ESPP
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
CA$102-142k
Plus ESPP
More information about location
1001+ employees
Company mission
To deliver honest and transparent financial products that improve users' lives.
Role
Who you are
- 5+ years of licensing, compliance, regulator, or internal audit experience, ideally related to consumer financial services
- 4-year university/college degree; in lieu of a degree, we will consider additional years of experience beyond the 5+ listed above
- Working knowledge of consumer protection laws including (but not limited to): HMDA, BSA/AML, OFAC, Regulation E, FCRA, FDCPA, CAN-SPAM, TILA, and UDAAP regulations
- Prior experience within highly-regulated industries is desirable
- Outstanding time management, administrative, and organizational skills, including the ability to balance multiple priorities and overlapping projects
- Proven project management, critical thinking, and analytical skills
- Excellent written and verbal communication skills
- Humility, integrity, and a desire to be part of a small but strong and encouraging team
- Inquisitive, eager to learn, and willing to take ownership of projects
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 provides company-wide leadership, standards, support, and independent oversight to ensure that business units abide by applicable laws, rules, and regulations
- Compliance credibly challenges management decisions, business processes, and evaluates adherence to applicable regulatory requirements. We provide appropriate analysis, reporting, and escalation to Executive management and the Board, set minimum standards for the company, and provide guidance for compliance risk management activities across the company
- Affirm is seeking an experienced compliance professional to join our Regulatory Advisory team within Compliance
- This individual will partner closely with others on the compliance team, along with our legal and business risk partners, to support regulatory exam engagements by (1) managing end-to-end steps within the exam lifecycle, (2) gathering necessary requests for information from a variety of internal stakeholders, and (3) assisting with the ongoing management of our regulatory obligations as assigned
- Independently fulfill examination requests, coordinate directly with key collaborators to fulfill various external obligations, and manage examination processes end-to-end from a Compliance perspective
- Manage and coordinate corrective actions resulting from Supervisory activities, including management reporting of progress
- Assist with maintaining a central repository for examination and reporting obligations for multiple exam engagements, including workpapers, worksheets, exam responses, regulatory guidance, etc
- Partner with the Compliance Senior Manager in drafting reports, memos or presentations that clearly articulate the results/conclusions of compliance review activities or risk escalations and communicate to key stakeholders across the company
- Possess and maintain a solid knowledge of consumer compliance laws, regulations and best practices and recognize how they relate to Affirm's business model
- Articulate key Compliance risks at Affirm and the controls Affirm employs to mitigate those risks
- Perform due diligence reviews to ensure the quality and completeness of documentation prior to submission to regulators
Application process
- This posting is for an existing vacancy
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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