Compliance Lead, Affirm
$102-155k
Salary dependent on location. + Employee stock purchase plan
More information about location
POS installment loans
Open for applications
POS installment loans
1001+ employees
Open for applications
$102-155k
Salary dependent on location. + Employee stock purchase plan
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)
- 4+ 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
- 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 to become a part of our Product and Marketing Compliance team
- The Compliance Lead 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 Senior Manager, Compliance and will be required to work independently and cross-functionally
- Collaborate with the Product team to optimize Affirm's offerings by identifying and mitigating compliance risks without compromising business objectives
- 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 Product to complete reviews and address compliance issues and their root causes
- Develop and maintain 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 collecting and documenting results
- Serve as an expert on regulatory compliance, especially as it applies to new and revised financial products and services
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.
Boating over 15 million customers and 245,000+ 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
Insights
Some candidates hear
back within 2 weeks
-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
- Spending wallets
- Supportive communities
- Remote-first workforce
- Generous time off
- Health benefits
- Mental healthcare
- Birth and non-birth parents get 18 weeks’ paid leave. Plus, a 4-week return-to-work transition program, at full base pay
- We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family
- We offer 24 company-wide paid days off—which help our teams collectively pause to recharge
- Learning & development
Company values
- People Come First
- No Fine Print
- It's On Us
- Simpler is Better
- Push the Envelope
Company HQ
Chinatown, San Francisco, CA
Articles
Leadership
Max Levchin
(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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