Compliance Lead, Affirm
Network Growth
$115-170k
Salary is dependent on location
More information about location
Buy-now-pay-later card for online and in-store
Job no longer available
Buy-now-pay-later card for online and in-store
1001+ employees
Job no longer available
$115-170k
Salary is dependent on location
More information about location
1001+ employees
Company mission
To deliver honest and transparent financial products that improve users' lives.
Role
Who you are
- The ideal candidate will have a strong background in financial services compliance, a keen understanding of the fintech landscape, and the ability to navigate complex regulatory environments
- Bachelor's degree or equivalent experience (Compliance certifications a plus)
- 5+ years of professional work experience in a compliance advisory role
- Experience working in fast-paced, ambiguous environments
- Experience advising revenue-generating stakeholder groups
- A strong interest in fintech and consumer financial protections
- Working knowledge of consumer financial laws and regulations, including UDAAP, CAN-SPAM, FCRA, TCPA, TILA (Reg. Z), ECOA (Reg. B), EFTA (Reg. E), TISA (Reg. DD)
- Inquisitive and proactive in identifying problems and proposing creative solutions and ability to learn and adapt in a fast-paced environment
- Ability to work in a self-directed environment with excellent strategic thinking and problem-solving ability, who can assist with minimal guidance
- Outstanding verbal and written communication with the ability to clearly present complex and contentious issues
What the job involves
- The Legal, Compliance, and Public Affairs team is a group of dedicated professionals committed to helping Affirm scale, innovate, and provide outstanding products for consumers, merchants, and key partners
- We combine legal, compliance, and policy expertise to guide growth, shape products, and build trust across our ecosystem
- Our work spans multiple professional disciplines and provides the foundation for Affirm’s mission to deliver honest financial products
- Affirm’s Compliance team designs and implements a compliance program that proactively addresses regulatory requirements while also identifying potential compliance issues that may arise
- Compliance program activities include advisory, training, testing & monitoring, reporting and oversight
- Although a second line of defense, compliance partners with the business to support new products, markets, and initiatives, as well as issue identification, remediation plans and risk assessment
- Compliance uses multiple data sources to enable informed decision making, strengthen controls and provide for better treatment of consumers
- Affirm is currently in search of a proficient FinTech Compliance Lead, Network Growth, to become a part of our Compliance Advisory team
- The Compliance Lead, Network Growth, will play a pivotal role in ensuring our business partners adhere to all relevant regulatory requirements and internal policies
- As the Compliance Lead, you will work alongside the wider legal and compliance teams to identify and evaluate risks within applicable requirements, and offer guidance on mitigating potential risks
- This role will report to the Compliance Manager and will be required to work independently and cross-functionally
- Collaborate closely with the Merchant Risk team to identify, assess, and mitigate compliance risks associated with merchant and platform partners
- Review and approve financial services marketing materials to ensure they comply with regulations and industry standards
- Work cross-functionally with departments such as Compliance, Legal, Risk, and Revenue to complete reviews and address compliance issues and their root causes
- Contribute to the development and maintenance of compliance training and reference materials
- Operate in a fast-paced environment while delivering detailed and diligent work
- Support the completion of the compliance risk assessment and control inventory, including gathering, organizing relevant information and documenting results
- Serve as a proficient advisor on regulatory compliance, specifically as it relates to merchant and partner integration with Affirm
Our take
Affirm offers point-of-sale loans to consumers, working with merchants like Shopify, KAYAK, and Walmart. Buy now, pay later transactions have grown in popularity in recent years, and this business is tapping into the market with a totally different approach to credit - by delivering the Affirm card, the first US debit card with the option to pay-over-time.
Serving over 21 million consumers and over 300,000 merchants, the company offers flexible payback options ranging from 3 to 36 months. The interest rates run between 0% and 30%, so, while they are not necessarily the cheapest option, Affirm prides itself on having no fees for late payments, no hidden charges, and total transparency about what people will pay before they take out a loan.
Affirm collects payments from the customers and pays the merchants directly, shouldering the risk itself. The company has boosted its market share, expanding its availability beyond the US to include most of Canada, and continues to launch new features and create new partnerships towards bettering its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-11% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Sep 2020
$500m
SERIES G
Apr 2019
$300m
SERIES F
Total funding: $1.1bn
Company benefits
- Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family
- Spending Wallets: Access tech, food, lifestyle, and family planning wallets for your expenses
- Supportive Communities: Get involved with our employee resource groups and community groups
- Remote-first Workforce: If your role is remote, you can set up shop anywhere in your home country
- Generous Time Off: Take the time you need when life happens
- Health Benefits: Get a plan that fits your needs
- Mental Healthcare: Take care of your mind with great mental health programs
- Parental Leave: Birth and non-birth parents get 18 weeks’ paid leave. Plus, a 4-week return-to-work transition program, at full base pay
- Away Days: We offer 20 company-wide paid days off—which help our teams collectively pause to recharge
- Learning & Development: Engage in exciting learning programs to level up your growth
Company HQ
Chinatown, San Francisco, CA
Leadership
Max Levchin
(Co-Founder & CEO)Has founded/co-founded numerous companies, holding various executive positions at each, including Paypal, Slide, Glow, HVF Labs, and SciFi VC. Also worked at large brands including Google, Yelp, Yahoo, and Evernote.
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