Compliance Specialist, Lendbuzz
$85-90k
Car financing platform
Job no longer available
Car financing platform
201-500 employees
Job no longer available
$85-90k
201-500 employees
Company mission
To help you build your credit and get your dream car with our excellent services.
Role
Who you are
- The ideal candidate will possess strong organizational, reporting and analytical skills, along with experience in the financial services or auto lending sector, particularly in compliance and legal
- Proven experience in a compliance, legal, or operational role, preferably within the financial services, fintech, or automotive lending industry
- Demonstrated ability to investigate, manage and draft responses to complaints, examinations, and audits
- Knowledge of federal and state consumer financial protection laws (e.g., TILA, ECOA, FCRA, UDAAP, GLBA)
- Strong written and verbal communication skills, with the ability to articulate issues clearly and concisely
- Excellent organizational skills, attention to detail, and a proven track record of managing multiple time-sensitive projects simultaneously
- Responsible for performing analysis on compliance activities and generating reports for stakeholders
- Bachelor’s degree; Relevant professional certification (e.g., CAMS, CRCM) or masters degree, a plus
- Experience in handling and responding to legal requests, a plus
- Minimum experience of one to three years
What the job involves
- This role is part of the compliance team, contributing to the core function of mitigating risk and ensuring the company's adherence to applicable laws and regulations
- The primary focus is supporting the handling of complaints, examinations, legal requests, controls testing, and audits
- Regulatory Exams: Coordinate regulatory examinations by preparing the initial request list documentation, compiling loan files, and responding to additional requests
- Complaints: Manage regulatory complaints, including conducting thorough investigations, gathering all necessary documentation, and preparing timely, well-supported responses
- Audits: Support compliance audits by coordinating responses to initial request list documentation, compiling loan files and addressing and escalating follow up requests
- Policy & Procedure: Assist in the maintenance and revision of company compliance policies and procedures
- Controls Testing: Execute internal controls testing, assisting in the identification of risks within the organization, testing associated controls, and reporting on the results
Our take
On a mission to help individuals currently underserved by the traditional credit system, Lendbuzz is an automobile finance platform that uses machine learning and AI to help consumers with little to no credit history access financing when buying a car.
Research found that nearly two thirds of consumers want to improve their credit scores, likely because it’s deemed the only way to access loans and credit cards. Whilst banks and traditional lenders assess credit based on FICO scores, Lendbuzz finds new signals and other relevant data to assess a person’s credit worthiness.
$100 million in lending capital from Mitsubishi UFJ Financial Group is fuelling more warehouse capacity for Lendbuzz's loan origination growth. It has secured its substantial investment thanks to a prolonged period of high performance, having established a year-on-year loan originations growth of more than 100% per annum.
Freddie
Company Specialist at Welcome to the Jungle
Insights
33% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Oct 2023
$45m
LATE VC
Aug 2022
$43.7m
LATE VC
Total funding: $366.1m
Company benefits
- Dental and Health Insurance
- Company Outings
- 401(k)
- Fitness Center
- Unlimited PTO
- Stocked Kitchen
- Company Issued Hardware
- Cool Swag
Company HQ
Financial District, Boston, MA
Leadership
Amitay Kalmar
(Co-Founder & CEO)Previously served as Vice President of Technology Investment Banking for Deutsche Bank, and Project Manager for IDF.
Dan Raviv
(Co-Founder & CTO)Previously worked in Research for both Massachusetts Institute of Technology (MIT) and Hewlett-Packard.
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