Compliance Specialist, Novo

• At least 5 years of experience in audit, compliance, or risk management
• At least 3 years of experience supporting, partnering and interacting with internal business stakeholders
• Experience translating complex ideas and data into clear, engaging narratives across multiple formats to key stakeholders
• Understanding of compliance or risk management principles and interest in strengthening subject matter expertise across multiple compliance areas
• Ability to work independently on complex assignments with strong analytical skills, attention to detail, and the ability to interpret regulatory information
• Strong time management, organizational, and prioritization skills, with the ability to complete multiple concurrent tasks within close deadlines and a high degree of accuracy and detail
• Ability to navigate ambiguity in a fast-changing environment, being hands-on and going beyond direct job responsibilities to help achieve success
• Desire to be a reliable partner that collaborates with multiple business stakeholders across multiple lines of business
• Excellent research and communication skills
• We are looking for people of character
• Pragmatic and capable people who want to see their work drive better outcomes for small businesses — the backbone of our economy
• If you're passionate about finding the right balance of innovation and compliance for underserved markets, then we want to chat

Desirable

• We are looking for a Compliance Specialist that can engage in various areas of the risk and compliance team, who understands how to take a data-driven approach to compliance, and how to effectively communicate across the organization and with external stakeholders to deliver
• You will join our team and work on the building blocks of everything Novo ships
• Assist in the monitoring of the Compliance Portal, used to escalate approvals, inquiries, issues and enhancements of compliance and risk matters from other lines of business; identify, create, recommend, and implement new and/or enhanced practices
• Contribute to the development and implementation of new and/or enhanced compliance programs and enterprise-wide initiatives
• Research and assess new and proposed regulatory requirements (e.g., statutes, regulations, bulletins) to assist in the development of risk assessment, written program and compliance testing responsibilities
• Execute tasks accurately within timeframes allotted while working collaboratively across multiple lines of business
• Execute and enhance a framework for completion of reporting, including reports for management and banking partners
• With minimal supervision, perform analysis, identify trends and follow up on opportunities of enhancement
• Partner with other members of the risk and compliance team to query various data points leveraged for third-party audit, internal compliance testing, risk assessment and other ad-hoc needs
• Support the design, maintenance, and organization of compliance reporting libraries, shared drives, and documentation repositories
• Explore and quickly grasp new technologies and analysis tools
• Perform control testing, document results and provide updates to the line of business, as necessary to ensure timely alignment with the annual testing schedule
• Succinctly and clearly communicate complex fact patterns to others
• Execute necessary investigations and draft response for incoming complaints delivered through regulatory and BBB channels
• Provide support for responding to regulatory inquiries and examinations
• Other duties, as assigned

• Work Life Balance - Set your own vacation days & enjoy flexible work options for a healthy work-life balance
• Modern Benefits - We invest in the holistic well-being of every team member by offering medical and mental health coverage, retirement assistance, and commuter benefits
• Professional Development - Grow your skills through in house training, online courses & industry conferences to ensure you're always ahead of the curve
• Workspace Your Way - Whether you're based in an office or working remotely, we provide the tools or financial support to make your workspace work for you
• We're A Fun Group - Be part of a diverse culture that believes in working hard and having fun at the same time!
• Cutting Edge Technology - Work with the latest tech to build a world-class product & transform SMB banking with our growing team

Total funding: $171.5m

While personal banking transactions are now very swift, these processes are frustratingly not as fast for business users. For smaller businesses, the costs of ensuring banking processes are well managed can be prohibitive, and keeping track of finances often utilises a wide range of apps.