Senior Regulatory Compliance Manager
Avant is dedicated to building premier digital banking solutions for the middle class through a combination of technology, analytics and superior customer service. Since 2012, Avant has connected over 1.5 million customers to over $7.5 billion in loans and 700,000 credit cards. A high growth financial technology company, Avant has been featured in The Wall Street Journal, The New York Times, TechCrunch, Fortune, Bloomberg, and has raised over $600 million of equity capital. Visit www.avant.com for more information.
Do you have experience working in regulatory compliance and want to help enhance and build the compliance program at a FinTech company? Avant is looking for a new Regulatory Compliance Manager to join the Compliance Services team within the 20+ person Compliance Department in Chicago.
You will be primarily responsible for managing and leading the regulatory compliance monitoring and testing program, regulatory compliance training program, and regulatory compliance risk assessment, with the support of several direct reports. This role will also entail support of other compliance functions including compliance reporting and implementation and utilization of governance, risk and compliance (“GRC”) software.
This position will report directly to the Chief Compliance Officer and have management responsibilities. In this role, you are expected to maintain a high degree of knowledge of compliance management systems and consumer lending rules and regulations including but not limited to TILA, ECOA, UDAAP, FCRA, FDCPA, SCRA, MLA, GLBA, EFTA, TCPA, E-SIGN, BSA and other AML related regulations, and Fair Lending.
What you do at Avant:
- Manage, oversee and drive strategy for the compliance monitoring and testing program to support growth and scale
- Support monitoring and testing program audit scoping, testing development, and finding remediation through Compliance team direct reports and in strategic partnership with business units
- Work in conjunction with first line to coordinate and elevate first and second line monitoring and testing programs and support control oversight and testing for effectiveness
- Oversee and manage regulatory compliance training program for the organization, including supporting development and updating of content for regulatory changes and current business practices, administration of training, and implementation of strategic updates to drive culture of compliance
- Oversee and manage the administration of the annual regulatory risk assessment, including new product launch risk assessments
- Support the cataloging and assessment of risks and controls through the development and use of a GRC solution
- Prepare formal reporting to senior management, Compliance Committee, and Board of Directors
- Identify and implement strategic initiatives to increase the impact and effectiveness of the compliance program
- Provide support for regulatory, bank partner and other external audits and examinations
Why you are a fit for Avant:
- 5+ years of financial services regulatory compliance experience
- BA/BS required; JD/CRCM preferred
- Background working with federal and state consumer finance laws
- Experience operating in the Compliance Department of a consumer financial services institution, especially a bank regulated by the OCC, FDIC, Federal Reserve or CFPB
- Prior experience working with GRC system strongly preferred
- Outstanding initiative, communication skills, attention to detail and organizational skills
- Ability to demonstrate high-level writing proficiency and deliver detailed reports to management is imperative- experience producing compliance reporting is strongly preferred
- Highly proficient with Microsoft Office (Word, Excel, PowerPoint) and Google Suite
- Excellent ability to analyze and interpret data as well as state and federal regulations
- Ability to handle and execute on complex projects in a fast paced environment with minimum supervision
- Self-confidence, good judgment and the ability to make sound risk-based decisions
- Strong interpersonal, analytical, and problem-solving skills
- Must be able to interface and collaborate effectively with other departments
- Willingness to learn new skills and monitor aptitude development to optimize accuracy and performance
- Take on additional projects and duties as needed
Why Avant is a fit for you:
At Avant, we believe our values make a difference:
We value, support, and help each other grow
We are committed to active inclusion and diversity
We are transparent and believe the best idea wins
We succeed when our customers succeed
We get sh!t done… responsibly
And we keep it fun!
We believe that ideas are more important than titles, everything is more fun together, everyone drives change, and everyone is an owner. While we believe the perks and benefits that we offer are terrific, nothing excites us more than having the ability to collaborate with intelligent, highly-motivated and talented people on challenging problems as we work to change the face of online lending.
Avant is an equal opportunity employer and individuals seeking employment are considered without regard to race, color, national origin, religion, sex (including pregnancy, sexual orientation or gender identity), age, disability or genetic information or any other factor protected by applicable federal, state or local law, regulation or ordinance.