Compliance Manager, Earnest
$113-142k
+ Employee Stock Purchase Plan + RSU's
Student loan provider
Job no longer available
Student loan provider
201-500 employees
Job no longer available
$113-142k
+ Employee Stock Purchase Plan + RSU's
201-500 employees
Company mission
To make higher education accessible and affordable for everyone.
Role
Who you are
- 6+ years of regulatory management or operational risk experience
- 5 years of direct experience in consumer compliance as well as a solid familiarity with consumer lending and fair lending laws
- Bachelor’s degree
Desirable
- Fin-tech experience
- Experience with Compliance Marketing Reviews
- A CRCM or other equivalent certification
- Experience in data analytics
What the job involves
- Engage the business to determine key areas of potential risk and work closely with the process owners to establish and document procedures and controls around those processes to mitigate risk effectively and efficiently
- Assist in identifying Compliance Risks and emerging issues applicable to ongoing and proposed business activities
- Develop and implement written policies/procedures and checklists designed to ensure compliant business operations
- Assist in designing processes that comply with the Laws and Regulations and emerging compliance trends, including creating and implementing effective manual, automated, preventive and detective internal controls around the marketing and customer communications functions
- Play a key role in the First Line of Defense Compliance Team and work closely with the business to develop procedures and controls around critical business operations to ensure the processes are operating effectively while maintaining Earnest's risk appetite
- Act as a liaison between the 2nd Line of Defense Compliance Team and Internal Audit for compliance and risk related items
Our take
Earnest offers student loan refinancing and personal loan products. It looks at thousands of data points such as education, saving patterns, investments, and career trajectory to issue a unique credit score, which can prove a lifeline for students who may otherwise struggle to qualify for loan refinancing.
For the portion of student debtors with low credit scores, Earnest is one of a few scant options. Borrowers can choose their own loan terms to fund up to the full cost of their education, and there are no origination, application, or late fees.
Earnest has grown from distributing $8M loans in its first year of business to an impressive total $18.5 billion in student loans refinanced, and has served upwards of 200,000 people. With student loans representing such a huge sector of lending, there should be plenty of room for Earnest to continue expanding in the future.
Kirsty
Company Specialist
Insights
Some candidates hear
back within 2 weeks
4% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Mar 2017
$20m
SERIES C
Nov 2015
$75m
SERIES B
Total funding: $127m
Company benefits
- Remote-first flexibility
- Monthly & annual remote work stipends
- Professional development & tuition reimbursement
- $1000 annual travel perk
- Robust 401K package
- No meeting Thursdays
- Annual company-wide offsites
Company values
- Earn Happy Customers - Our customers’ journey is ours to share. Our success comes from anticipating their needs and providing the solutions they’re looking for. This combination of empathy and action helps them become our best endorsers and biggest fans.
- Better is Better - The path to great means getting better every day. We push ourselves, and each other, to remain curious and think differently. We know the value of compounding and how continuous 1% improvement leads to massive changes. We are always willing to challenge the status quo in order to achieve our goals.
- PhD in Moving Fast - Our customers are tired of long wait times and large student loan bills so we constantly seek out ways to deliver faster. We refuse to waste time on things that don’t move the needle and we surprise teammates and customers with our speed.
- Passion for Challenges - Perseverance and optimism are just the start to take on the inertia of a national trillion-dollar problem. We enjoy tough challenges knowing that if we persist through them we will make a difference.
- Impact is a Team Sport - We maximize our impact when we act as one team. We each play our part and put team success above personal achievement. Earnies are willing to do what it takes to make the team better even though it may be uncomfortable for ourselves.
Company HQ
The East Cut, San Francisco, CA
Articles
Leadership
Louis Beryl
(CEO)Co-founded SolidEnergy Systems. Was a Part-time Partner at Y Combinator. Is a Board Member of Car Dash and Roofr, and is a Mentor at First Round Fast Track.
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