Growth with a Purpose 

OppLoans is a rapidly growing Fintech company that helps credit-challenged consumers build a better financial path through accessible products and five-star customer service. As one of Chicago’s fastest-growing startups, we’ve made the Crain’s Business Chicago Fast 50 (#4 in 2019) and the Deloitte Technology Fast 500 (twice), and we’ve ranked in the top 10% of the Inc. 500 four years in a row!  

OppLoans is a team of caring and inventive “Opptimists” with diverse perspectives and backgrounds. OppLoans employees approach every new challenge with an unparalleled ability to see what could be rather than settle for what is. We want people to be excited to come to work every morning and know they are a part of something great. That’s why we prize collaboration, collegiality, and letting the best ideas win the day.

What you get to do: 

We are looking for an experienced Compliance Associate - Risk and Controls to join OppLoans' expanding and dynamic Compliance Department. You will report directly to the Compliance Manager of Regulatory Compliance Risk Management and the main responsibilities are:

• Help develop an internal controls program to identify and prevent compliance risks which stem from all areas of business activities.
• Conduct compliance assessment walkthroughs ensuring all relevant documentation and work product is maintained.
• Help translate control deficiencies into action plans and provide consultation on the design of controls to enhance governance practices with risk and compliance frameworks.
• Draft procedures for control review.
• Perform ongoing oversight of controls.
• Identify all risks that stem from business activities.
• Evaluate the effectiveness of established business controls, enhance operational efficiencies, improve the associate experience, and support modernization of the compliance team.
• Create internal reports to support monitoring of risks and present reports to leadership.
• Be aware of relevant state and federal consumer laws and regulation changes, including changes to guidance and interpretations, and assist the team in making changes to plans accordingly.

What you bring to the team:

• Bachelor's degree along with 3+ years experience in regulatory compliance, with a focus on controls or risk assessments.
• Experience designing and implementing an internal controls program.
• Ability to identify processes, evaluate control design, develop control documentation, and provide oversight of documented controls.
• Experience defining frameworks and approaches for building risk and controls infrastructure.
• Understanding of financial controls
• Knowledge of consumer financial regulations (ie the Truth in Lending Act (Regulation Z), Equal Credit Opportunity Act (Regulation B), Fair Credit Reporting Act, Fair Debt Collections Practices Act, Unfair Deceptive and Abusive Acts or Practices, Telephone Consumer Protection Act, Servicemembers Civil Relief Act (SCRA), Electronic Funds Transfer Act (Regulation E), Electronic Signatures in Global and National Commerce Act (ESIGN), and Privacy).
• Driven to go beyond the minimum requirements, not a “check-the-box” mentality
• Ability to thrive on ambiguous initiatives and lead them to a successful conclusion

What does success look like in this role: Success will be measured by your ability to assist in the development of an internal controls program, including identifying key risks and processes, determining existence of controls, evaluating control design, documenting controls, building control, and ongoing oversight of controls. 

Who will you be working with: you will be working across all organizational borders, as well as with external key stakeholders. 

Who will you be reporting to: you will report to the Regulatory Compliance Manager of Regulatory Compliance Risk Management. 

Define your career at OppLoans

OppLoans is committed to providing an exceptional employee experience that allows you to define your career and purpose with us. New hire “Opptimists” go through orientation, shadow programs, a new hire lunch with our CEO, Jared Kaplan, and you can participate in different company culture events focused on diversity, equity, and inclusion. Our onboarding team has designed programs to make you feel welcome and part of our team during your first year and beyond. 

• Define the Mission (days 1-30): You will understand our company mission, values, and vision, and how your role at OppLoans plays a part in that. 

• Define your Goals (months 1-3): You will be able to understand your role expectations and identify goals with your manager and mentor(s) to fulfill those expectations. 

• Define your Belonging (months 3-6): You will understand OppLoans’ culture and have opportunities to engage with and impact that culture. Employee-led communities and programs, like our wellness program Project Opptimism, are offered to help with community connection both virtually and in-person. 

• Define your Journey (6 months - 1 year): You will feel confident in your abilities to execute in your role and know the next step you will take to develop your career. 

Compensation and Benefits

OppLoans offers a 401(k) matching program and flexible paid vacation. Other benefits include medical benefits, including a free PPO medical option with BCBS, dental and vision coverage, and tuition reimbursement. To support your wellness, you receive a free gym membership at One Two Pru. To get you to and from work, you can participate in our pre-tax commuter benefits program with CTA and Metra, park your bike in the One Two Pru bike storage room, and take advantage of discounted Divvy memberships. Dress code is casual. Lunch is subsidized through Fooda and Sweetgreen, and healthy snacks and drinks are available all day at the office. 

Our office is conveniently located in downtown Chicago with panoramic views of Millennium Park and Lake Michigan as well as rooftop access.  

EEOC Statement: 

We do not discriminate based on identity - race, color, religion, national origin or ancestry, sex (including sexual identity), age, physical or mental disability, pregnancy, veteran or military status, unfavorable discharge from military service, genetic information, sexual orientation, marital status, order of protection status, citizenship status, arrest record or expunged/sealed convictions, or any other legally recognized protected basis under federal, state, or local law.

OppLoans is committed to the full inclusion of all qualified individuals. As part of this commitment, OppLoans will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact our People team at [email protected]. 

Pursuant to the requirements of the California Consumer Privacy Act, OppLoans is providing the "OppLoans California Employee Privacy Policy", which details the categories of personal information collected and your rights under the policy. If you are a California resident, please review the policy here: https://www.opploans.com/careers/