Compliance Director, Empower Finance
$180-220k
Offers Equity & Bonus
More information about location
Credit health & financial management app
Open for applications
Credit health & financial management app
101-200 employees
Open for applications
$180-220k
Offers Equity & Bonus
More information about location
101-200 employees
Company mission
To expand access to fair credit to give anyone in the world the opportunity to improve their financial security and mobility.
Role
Who you are
- The ideal candidate has a deep background in the consumer lending industry and strong knowledge of related laws and regulations
- Some experience building and scaling compliance programs globally is preferred, but not required
- You will bring creativity, thoughtfulness, and a high degree of organization and diligence to the role
- We’re hiring strategic thinkers, not box checkers - compliance professionals who are excited to dive into our products, learn our business, and expertly leverage technology to effectively and efficiently identify and manage risk
- 10+ years of financial services regulatory risk and compliance experience, preferably in the consumer lending space
- Demonstrable expertise in consumer protection regulations, including ECOA, TILA, TISA, FCRA, SCRA, MLA, GLBA, FDCPA, UDAAP, among others
- Ability to build strong relationships across an organization, influence cross-functional teams, and motivate others within a fast-paced environment
- Ability to communicate complex regulatory concepts clearly and concisely to non-compliance individuals
- Demonstrated experience leveraging technology, designing efficient, effective systems and tools to identify, measure, and manage compliance risk
- Excellent written and verbal communication skills
- Bachelor’s degree required
What the job involves
- As Empower continues to scale and expand globally, we are hiring a seasoned compliance leader to work together with the Head of Compliance to set and implement the strategic direction of the company’s Compliance Program across its domestic and international entities and various products and business lines
- You’ll own and manage various components of the Compliance Program and work cross functionally with teams such as Product, Credit, Marketing, Legal, and Support & Operations to expertly identify and mitigate compliance risk across the enterprise
- You will manage relationships with key external parties, be a strong advocate for Empower’s compliance-first mindset, and serve as a mentor and resource for other members of the Compliance team
- Provide consumer compliance subject matter expertise to internal stakeholders throughout the product lifecycle
- Partner closely with Product, Support & Operations, Legal, Marketing, and Credit to evaluate and mitigate regulatory compliance risks across the enterprise, including supporting the company’s risk assessment processes
- Support the ongoing maturation of Empower’s change management processes by adopting appropriate technologies and systems to improve efficiencies and mitigate risk
- Own key components of Empower’s Compliance Program, which will be assigned based on skills, interests, and experience
- Remain current on the domestic and international regulatory landscapes impacting Empower’s business and monitor best practices and industry developments
- Liaise with key external stakeholders, including bank partners, service providers, and regulatory bodies
Our take
An individual’s credit score greatly influences their life, affecting their ability to rent, receive loans, buy a house, and access affordable interest rates. But you have to have credit to build credit, leaving a lot of people in a catch-22 situation. Empower is a mobile-only app that makes credit more inclusive and accessible, helping customers achieve their credit health goals regardless of their credit history (or lack thereof).
Though other FinTech companies such as Mint or Personal Capital also offer impressive financial tracking for their customers, Empower’s comprehensive set of personal finance features including cash advance and automatic savings offerings make it a better choice for people who want to use a single app to manage their finances.
By empowering people to take control of their money through its range of financial services, Empower is working to break the cycle of paycheck-to-paycheck living. Backed by Blisce, Defy Ventures and Quiet Capital, the company has been significantly growing its revenue in recent years and was recognized in the 2022 Inc. 5000 list of the fastest-growing companies in the US.
Freddie
Company Specialist at Welcome to the Jungle
Insights
45% employee growth in 12 months
Trustpilot (1.9)
Company
Funding (last 2 of 3 rounds)
Sep 2022
$75m
LATE VC
Mar 2020
$20m
SERIES A
Total funding: $99.5m
Company benefits
- Generous equity package
- Full healthcare benefits
- Unlimited personal vacation
- Technology expense reimbursement
- Work from anywhere
Company HQ
Mission District, San Francisco, CA
Leadership
Warren Hogarth
(CEO)Previous Partner at Sequoia Capital and is an Early Investor/Company Builder for multiple companies.
Justin Ammerlaan
(CTO)Founder of Ammerlaan Initiatives and Co-Founder of White Room Trading. Previously worked as a Senior Software Engineer at SDM and a Technical Architect at Fujitsu.
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