Enterprise Risk & Compliance Analyst, Avant
$55-85k
+ Annual bonus
M, T, Th in-office
3+ days a week in office (Merchandise Mart, Chicago)
Personal credit FinTech
Be an early applicant
Personal credit FinTech
501-1000 employees
Be an early applicant
$55-85k
+ Annual bonus
M, T, Th in-office
3+ days a week in office (Merchandise Mart, Chicago)
501-1000 employees
Company mission
To empower every customer with innovative solutions designed to help them reach their goals.
Role
Who you are
- The ideal candidate is technical and possesses at least three years of experience in compliance or risk assessment or risk management
- At least 3+ years’ experience in risk management, public accounting, or compliance roles within the financial services industry
- Knowledge of risk management best practices and compliance responsibilities
- Experience and understanding of various regulatory requirements and laws, including experience in one or more of the following: ISO 27001/2, ITIL or FFIEC, FDIC Regulatory Frameworks
- Exceptional written and verbal communication skills, and proven ability to translate compliance and risk matters to business language
- Track record of acting with integrity, taking pride in work, seeking to excel, being curious and adaptable, and communicating effectively
- Prior experience operating in a GRC system
- Demonstrated problem-solving capabilities, and ability to manage complex federal and state regulatory requirements
- Self-motivated, directed and well-organized
- Successful track record of managing relationships with external entities and mitigating risks in business development opportunities
- Highly trustworthy; leads by example
- Bachelor’s degree in information assurance, MIS or related field, Risk Management or a business-related field or equivalent industry experience
What the job involves
- The Enterprise Risk and Compliance Analyst is responsible for supporting Avant’s risk management and assurance programs
- The position requires both an understanding of compliance frameworks and is responsible for the planning and design of policies and process maintenance in addition to evaluation of internal and external partners against Avant’s various control frameworks
- The role oversees the business’ requirements and obligations mandated by standards and regulations such as the Gramm-Leach-Bliley Act (GLBA), Payment Card Industry Data Security Standard (PCI DSS) among other financial industry frameworks
- In tandem with senior leadership, the Enterprise Risk and Compliance analyst consistently assesses and validates the assurance of internal risk management programs
- As a primary point of contact for internal and external auditors, the Enterprise Risk and Compliance analyst monitors progress and enforces remediation of outstanding issues that may lead to non-compliance or unacceptable risks to the business
- As a key member of the risk team, the Enterprise Risk and Compliance analyst must focus on holistic risk management and not be driven solely by compliance
- Conduct enterprise-wide, ongoing risk analysis and evidence collection in tandem to support programs in enterprise risk and internal audit
- Develop and maintain risk register and evidence archive in the Avant GRC platform
- Document, formulate and track remediation activities that balance risk with business operations and do not diminish efficiencies or innovation in the business
- Analyze assessment findings, document, recommend and report remediation plans to senior leadership
- Facilitate incident response and disaster recovery exercise processes, catalog improvements and gap resolution, maintain documentation and reporting
- Work in tandem with the business, internal audit and risk management leadership to perform ongoing internal program assessments
- Attend and fully engage in change management meetings
- Liaison with auditors, both internal and external, to attest and implement controls for compliance with laws and regulations
- Perform other duties as assigned
Our take
Many Americans with below average credit scores are caught in a bind: they're unable to improve their score, and simultaneously cannot access traditional loans. Avant's alternative is to offer credit options that are powered by machine learning and based upon a large database that helps to manage risk.
For its users, the company offers a quick credit decision and speedy access to any allotted funds. It has issued over $8 billion in loans to date, and has also expanded its business through the acquisitions of ReadyForZero in 2015 and Zero Financial in 2021.
This expansion has enabled Avant to reach towards its goal of offering a whole suite of products in a single platform, such as loans, credit cards, and deposits. Although there are many FinTechs looking at ways to remove the barriers that people with low credit scores face when trying to take out loans, this expansion to banking products should help Avant to stand out.
Steph
Company Specialist at Welcome to the Jungle
Insights
-3% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Dec 2022
$125m
GROWTH EQUITY VC
Sep 2015
$325m
SERIES E
Total funding: $779m
Company benefits
- Choice of great medical, dental, and vision insurance plan options
- 401(k) Match
- Unlimited paid time off
- Flexible work environment
- Generous paid parental leave
- Lunch allowance (Fooda) and in-office snacks
- WFH stipends for our remote employees
- Access to LinkedIn Learning for professional development
- No meeting wednesdays - (a.k.a. planned time to Get Sh!t Done)
- Summer fridays
- Fun in-office and virtual social events
- (And who doesn’t love the swag)
Company HQ
River North, Chicago, IL
Leadership
Al Goldstein
(Co-Founder & Executive Chair)They worked for a year at Deutsche Bank before founding Pangea Properties in 2008, and Avant in 2013. They have been Chair since, alongside founding Amount, Spring Labs, and StoicLane.
Paul Zhang
(Co-Founder & CIO)Having studied at the University of Illinois, they spent a year as a Software Engineer at CashNetUSA and Enova Financial. They founded Debteye in 2011, before starting Avant in 2013, serving first as CTO then Chief Architect, CTO again and finally CIO.
Matthew Bochenek
(CEO)Has been with the business since 2013, working in a range of positions including Head of US Servicing, Head of Operations and COO - before becoming CEO in 2021. Previously spend a decade at Superfund Asset Management.
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