Senior Product Compliance Analyst, Lively
$105-145k
+ Stock options
More information about location
Health savings account provider
Be an early applicant
Health savings account provider
101-200 employees
Be an early applicant
$105-145k
+ Stock options
More information about location
101-200 employees
Company mission
To help people optimize their healthcare spending, maximize their savings, and better their livelihood.
Role
Who you are
- 4-6 years in product compliance, regulatory affairs, or benefits administration at an HSA custodian, TPA, benefits administrator, health plan, or fintech
- Strong working knowledge of benefits regulatory requirements for tax-advantaged accounts (HSA, FSA, HRA)
- Familiarity with how benefit account transactions are processed (ACH, card networks) is a plus
- Demonstrated ability to interpret legal advice, IRS guidance, DOL advisory opinions, or similar regulatory materials and translate them into product requirements for lay audiences
- Strong verbal and written communication skills; comfortable fielding live compliance questions and producing clear regulatory impact assessments
- Comfortable operating as an embedded compliance partner across product, engineering, sales, and customer success teams
- Adaptable in a fast-paced environment with high volume during Open EnrollmentFamiliarity with HIPAA, GLBA, or consumer data privacy requirements as they apply to benefits administration is a plus
- We encourage you to apply even if you do not meet all of the qualifications, but feel you would be a good fit for the position
What the job involves
- Lively's HSA, FSA, and HRA products are the core of our business and our most complex from a regulatory perspective
- We are looking for a Senior Product Compliance Analyst to join our Legal & Compliance team as the go-to compliance resource for these products, ensuring they are designed, marketed, and delivered in compliance with applicable regulatory requirements
- You will review marketing materials and customer-facing content relevant to your areas of specialization for compliance with consumer protection laws
- You will lead compliance risk assessments for new product features and platform developments, including AI-powered tools, and assist with audits
- You will field regulatory questions from internal teams, support customer escalations with compliance dimensions, and develop deep expertise in how Lively's benefit products operate, including the transaction and payment infrastructure that supports them
- You will work closely with our Senior Product Compliance Manager, who leads compliance for COBRA, commuter, and lifestyle spending account programs
- Together, you will ensure comprehensive compliance coverage across Lively's product suite
- You report to the Head of Legal & Compliance
- Internal Subject Matter Expertise: Develop deep expertise in Lively's benefit products and serve as an internal compliance resource for Product, Engineering, Customer Success, Member Services, and Sales teams
- Answer ad hoc questions about benefits compliance and regulatory requirements. Review marketing materials and customer-facing content for your areas of specialization to ensure UDAAP compliance and regulatory accuracy
- Benefits and Transaction Compliance: Develop expertise in how Lively's benefit products operate end-to-end, including how funds flow into and out of accounts. Serve as a compliance advisory resource for operational teams (Banking Ops, Account Ops, Card Ops) when questions arise at the intersection of benefits regulations and transaction processing
- Risk Management: Lead compliance risk assessments for new product features, platform developments, workflow changes, and emerging technologies such as AI-powered tools
- Evaluate whether product changes introduce regulatory risk for your assigned benefit products and recommend controls or design modifications. Track mitigation and remediation of identified risks
- Identify privacy implications, including HIPAA and data privacy considerations, and escalate as appropriate
- Regulatory Monitoring: Monitor regulatory developments and produce actionable impact assessments for affected teams
- Escalation Support: Support internal teams in resolving customer escalations and employer questions that involve regulatory considerations related to your areas of expertise
Our take
Lively is a platform offering modern Health Savings Accounts (HSAs). As high-deductible health plans are regularly replacing traditional deductible plans in many employee benefit schemes, Lively is capitalizing by offering their consumer-first, paperwork-light accounts to employers and individuals.
Impressively, the platform’s product-first approach saw it successfully achieve $500 million Assets Under Management (AUM) faster than any other HSA provider. As it is ultimately a savings account provider, market turbulence could hurt the company’s bottom line. But its diverse customers and products should help ensure Lively’s growth.
The startup has raised sizeable funding which has been invested in building more consumer tools, scaling its team and further expanding its offerings to financial institutions and employers. It has now surpassed $2 billion in AUM, reflecting the immense success the ocmpany has had so far.
Freddie
Company Specialist at Welcome to the Jungle
Insights
53% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Oct 2021
$80m
SERIES C
Oct 2019
$27m
SERIES B
Total funding: $122.5m
Company benefits
- Health
- Dental
- Vision
- Employer HSA contributions
- FSA
- 401(k) plan
- Life insurance (employer paid)
- Commuter benefits
- Equity
- Unlimited vacation policy
- Paid parental leave
Company HQ
Nob Hill, San Francisco, CA
Leadership
Shobin Utalil
(COO & Co-Founder)Held senior positions at Retroficiency which was acquired by Ecova. Before that, was co-founder of kWhOURS, a field apps company for building engineers.
Alex Cyriac
(CEO & Co-Founder)Alex was Head of Operations at Justworks. Also worked in a number of other senior positions at technology companies, WorldPay, GlobalCollect and Fujitsu.
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