Senior Compliance Officer, Faire
$256.5-352.5k
+ Equity
Online wholesale marketplace
Open for applications
Online wholesale marketplace
1001+ employees
Open for applications
$256.5-352.5k
+ Equity
1001+ employees
Company mission
To empower entrepreneurs around the world to chase their dreams.
Role
Who you are
- 8+ years experience in a compliance role in a related industry or in financial services, with at least 3 years in a leadership position
- Extensive knowledge of the regulatory environment in the fintech industry, particularly consumer lending, mortgage, banking, insurance, payments, broker-dealer and investment advisory, privacy, and cybersecurity
- Relevant ABA or ISACA certification preferred
- Proven experience in building compliance programs and managing compliance teams
- Excellent communication and analytical skills, as well as an impeccable attention to detail and strong sense of ownership and accountability
- Ability to distill complexity and to identify and clearly communicate practical, risk-based solutions
- Strong leadership qualities and a team-oriented mindset
- Demonstrated ability to work cross-functionally and collaboratively with internal stakeholders
What the job involves
- We are looking for a Senior Compliance Officer to join Faire’s legal department
- This person will be responsible for developing and implementing Faire’s compliance programs, including compliance reporting, training, and testing, reviewing company policies, and advising management on compliance matters
- Additionally, this person will ensure that our operations, third-party providers, and business transactions adhere to all applicable rules, regulations, and internal policies to uphold high ethical and compliance standards across the business
- This role requires an individual well-versed in regulatory laws and operational compliance practices, including with respect to commercial lending, insurance, payments, privacy and cybersecurity
- Act as the primary expert and advisor on all Faire compliance matters, managing external regulatory engagements, legal contracts, and third-party vendor compliance
- Monitor compliance with laws, regulations, company policies, and contracts
- Perform compliance program testing to assess adherence to the compliance management system and maintain compliance calendar
- Stay informed of emerging regulatory changes, trends, and best practices; assess potential impacts on the company to maintain a robust compliance program that aligns with relevant industry standards and regulatory requirements
- Conduct risk assessments to identify potential areas of compliance vulnerability and risk; develop and implement corrective action plans for resolution of problematic issues
- Provide regular reports on compliance activities to senior management, regulators, and Faire’s Board of Directors
- Manage and grow the compliance team, providing guidance and leadership
- Manage partnerships with banks or other financial institutions
- Ensure KYC, BSA/AML and sanctions compliance
- Perform or assist in internal audits, or assist with external audits from business partners or regulators
- Develop compliance training programs and oversee the training of employees in compliance topics, policies, and procedures
- Assist in development, implementation and maintenance of sound internal controls
- Provide guidance to Faire’s trust and safety and marketplace safety teams
- Serve as the subject matter expert on privacy-related laws, including the GDPR and the CCPA, and assist in the continued improvement of Faire's global privacy program
Application process
- Applications for this position will be accepted for a minimum of 30 days from the posting date
Our take
Faire is a company that helps retailers find and buy wholesale merchandise for their stores, pairing independent brands with retailers. The company connects two million retailers globally to tens of thousands of brands across the globe.
In addition to a large catalog, the company attracts smaller retailers by offering net 60-day terms and free returns to boost confident buying at unpredictable times. Faire has seen impressive growth, reporting 300% year-on-year volume growth and a valuation of over $12.6B following its most recent tranche of funding from Shopify.
This investment is funding its continuing expansion into European and Australian markets, while accelerating product development, focusing on its OS for wholesale. It is also hiring talent globally as it takes aim at becoming a kind of Amazon for local and indie brands that want to sell globally.
Steph
Company Specialist
Insights
Some candidates hear
back within 2 weeks
109% employee growth in 12 months
Company
Employee endorsements
Opportunities to learn
"I joined Faire over a month ago and the onboarding has been very comprehensive including some additional material that has been extremely helpful..."
Funding (last 2 of 10 rounds)
May 2022
$416m
SERIES G
Nov 2021
$400m
SERIES G
Total funding: $1.5bn
Company benefits
- Comprehensive healthcare
- All of our offices have been designed with local in mind—from our architects to our coffee blends
- Paid vacation time, holidays, and company-wide “Faire Fundays.”
- Including a monthly credit toward your wellness-related programs
- Generous parental and family leave, as well as fertility support benefits
- Including free access to Modern Health therapists and resources
- Optional morning meditation, plus a free Headspace membership
- Faire will match up to US$250 of your charitable donations, every year
- For personal and professional development, as well as unlimited access to training courses through LinkedIn Learning
- Whether you want to grow as a leader, hone your craft, or explore a new discipline, our career framework allows space for you to explore
Company values
- We serve our community
- We seek the truth
- We’re all owners
- We embrace the adventure
- We’re kind
Articles
Founders
Max Rhodes
(CEO)Was previously an Advisor at Blunt Umbrellas and Director of Consumer Product at Square.
Daniele Perito
(Advisor)Former Director of Security and Risk Engineering at Square, prior to co-founding Faire.
Marcelo Cortes
(CTO)Previously a Senior Software Engineer at Google. Before that, co-founded FreePoint Inc.
Jeff Kolovson
(COO)Was Operations Lead at Square. Before that was a Business Analust for McKinsey and Co.
Salary benchmarks
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Diversity & Inclusion at Faire
Clarence Sanon (Engagement and Inclusion Manager)
- We have internal structures and mechanisms that acknowledge and counteract organizational bias while ensuring equitable opportunity across the organization.
- Our teams are balanced across demographic backgrounds and identities, ensuring equity at all levels of the organization and ensuring a region-specific nuance
- Faire Femmes: Our mission is to build a space that is inclusive, safe, and empowering for those who identify as women to succeed
- HUE: Our mission is to create a safe space where folks of colour can feel comfortable being themselves and talk to folks who get it. We want HUE members to feel confident expressing themselves, their culture, and their heritage
- Flaire: Our mission is to empower all Faire employees to express their whole selves at work, and to make Faire an inclusive environment for all members of the LGBTQ+ community
- Fairents: Our mission is to cultivate Faire into a company where working parents can thrive in their professional ambitions, maximize their impact supporting Faire business goals, and be successful in their pursuit of rewarding & fulfilling journeys as parents
- We have employee resource groups (ERGs) and a cross-functional Diversity, Equity, Inclusion, and Belonging Council (DEIB) at Faire. The DEIB Council works in collaboration with other functions to ensure integration and consideration of DEIB in policies, programs, products, and processes
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