Compliance Manager, Affirm
$124-190k
+ Employee stock purchase plan. Salary varies depending on location of applicant
More information about location
POS installment loans
Job no longer available
POS installment loans
1001+ employees
Job no longer available
$124-190k
+ Employee stock purchase plan. Salary varies depending on location of applicant
More information about location
1001+ employees
Company mission
To deliver honest and transparent financial products that improve users' lives.
Role
Who you are
- Minimum 7 years of experience in compliance, audit, enterprise risk management, or related fields
- Proven experience managing regulatory audits and examinations
- Strong understanding of consumer compliance laws and their application in a financial services context
- Demonstrated ability to handle ambiguity and prioritize in a fast-paced environment
- Familiarity with tools like SQL, Google Sheets, Monday.com, Notion or Asana is a plus
What the job involves
- The Compliance Manager for Bank Partner Audit & Exam Management is a critical leadership role responsible for overseeing all aspects of Affirm’s audit and exam management processes related to its bank partners. This position ensures that all bank partner requests are addressed efficiently, accurately, and in full compliance with regulatory expectations
- As a strategic partner within the organization, the Compliance Manager collaborates closely with cross-functional teams, including Legal, Capital Markets, and various Compliance teams. They will build and refine processes to manage compliance obligations, mitigate risk, and ensure Affirm's continued adherence to consumer compliance laws, regulations, and standards
- Serve as the primary compliance liaison for bank partner audits and exams
- Manage end-to-end processes for internal and external audits and regulatory examinations
- Develop and implement tracking mechanisms to streamline audit management
- Coordinate audit kick-offs, documentation submissions, and post-audit reviews
- Lead meetings with internal stakeholders and bank partners to align on audit expectations and deliverables
- Maintain clear communication channels using tools like Slack and project management platforms
- Ensure documentation and audit responses are reviewed and approved by Legal and Compliance Advisory teams
- Enhance efficiencies in managing multi-bank partner models and compliance activities
- Implement process improvements leveraging technology such as Monday.com and Asana
- Develop and maintain comprehensive audit and exam management procedures
- Address findings from audits and exams by coordinating with Compliance Advisory and Business Units
- Oversee issue remediation processes in alignment with established standards and within designated timelines
- Generate and present quarterly and annual compliance reports, highlighting key insights and trends
- Build strong relationships with bank partners to ensure effective communication and collaboration
- Represent Compliance in weekly, monthly, and quarterly meetings with key bank partners
- Provide strategic recommendations to stakeholders on compliance best practices
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.
Boasting over 21M consumers and 337,000+ 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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