Compliance Analyst, Earnin
Enterprise Risk Management
$80-90k
+Equity
Paycheck advance service for employees
Be an early applicant
Paycheck advance service for employees
201-500 employees
Be an early applicant
$80-90k
+Equity
201-500 employees
Company mission
Earnin’s mission is to build a financial system that works for people.
Role
Who you are
- 2+ years financial crimes experience in a financial services capacity
- 2+ years risk management experience in a financial services capacity
- Prior professional services, fintech, or financial services experience
- ACAMS designation
- CRCM, CERM, or CERP designation preferred, but not required
- Strong understanding of regulatory requirements and industry best practices across many financial laws and regulations with a focus in the areas of financial crimes, third party risk management, and model risk management
- Exceptional communication skills, with the ability to convey risk and compliance concepts in an easily understandable manner
- Desire to be a team-player that collaborates with multiple business partners across multiple lines of business
What the job involves
- We are seeking an experienced Enterprise Risk Management (ERM) Professional to join our company
- In this role, you will assist with mitigating current and emerging risks by collaborating with business partners to develop and implement controls that align with the company’s strategic risk management objectives and regulatory requirements
- Collaborate with business partners to develop and implement internal controls
- Conduct anti-money laundering transaction monitoring and case investigations
- Evaluate politically exposed persons and sanctions alerts
- Enhance existing compliance and risk management programs
- Evaluate regulations for applicability to our products and services and help develop creative and compliant processes and controls
- Execute projects accurately within timeframes allotted while working collaboratively across multiple lines of business
- Monitor adherence to policies and procedures and test the effectiveness of processes and controls to identify potential areas of weakness
- Assist with the implementation of corrective actions
- Be a team player and assist with cross functional compliance and ERM assignments
Our take
Paying bills is an inevitable part of life, but paying them late or dipping into overdrafts can result in fees. This is the reality for millions of workers who have to wait for their pay checks to arrive – and the problem that companies like EarnIn are trying to solve. By allowing hourly workers access to their pay as it is earned rather than on a fixed date, it hopes to provide all Americans with the ability to deal with immediate costs without going into arrears.
Unlike competitors in this growing space such as Dave, Earnin charges no mandatory fees, instead gaining revenue through a voluntary tipping system. It also requires no credit checks to access its services, which puts it ahead of the growing number of digital banking solutions. This approach has garnered it a strong user base of over 300,000 business customers which offer Earnin as an employee benefit. Around 70 million paycheck advances were taken through the platform in 2022 alone, totalling $5 billion. Since then, this number has grown to an overall earnings access value of $15 billion.
Earnin is growing despite current difficulties in the wider tech landscape and is continuing to hire in all departments. It will continue to improve upon its offering and expand its network of businesses, aiming to give every employee in America control of the money they've earned.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 4 rounds)
Dec 2018
$125m
SERIES C
Sep 2017
$39m
SERIES B
Total funding: $190.1m
Company benefits
- 401k
- FSA
- Mental health resources
- Employee Resource Groups
- Stipend for growth opportunities
- Pet friendly office
- Work from home opportunities
- Health insurance
Company values
- Ownership
- Speed
- Impact
- Outstanding people
- Curious truth-seeking
- Multi-level thinking
Company HQ
Evergreen Park, Palo Alto, CA
Articles
Leadership
Ram Palaniappan
(CEO)Was Senior Operations Manager at Reflect.com, a P&G company. Served as President of UniRush from 2004 to 2012.
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