Compliance Director
Who we are
M1 Finance has created a personal wealth-building platform made for the modern era, uniting personal perspective and automated ease. We seamlessly combine free investing, low cost borrowing and digital checking all in one intuitive, automated Finance Super App, and we’re driven by a mission to empower personal financial well-being. We believe that financial well-being is fundamental to overall well-being, and we strive to deliver products that are simpler, smarter, and stronger than those created by our staid, boring, entrenched, slow-moving competitors in the personal finance industry.
Our clients have already trusted us with over $5 billion of assets, we’re currently helping more than 500,000 people grow and manage their wealth with our industry-leading automation and tools, and we’re adding thousands of new clients every day.
We’re looking for passionate people who want to improve and build on what we’ve created and take responsibility to help others build something meaningful and sustainable for their futures.
We mean it when we say, “M1 is yours to build.”
If this sounds interesting to you, we’d love to have you read on.
What we’re looking for
As a Compliance Director, you will play a critical role in the future of M1. Reporting to our Chief Regulatory Officer, you’ll work as a leader on our compliance team by working throughout the company to help create the policies and procedures that will allow for key risk management initiatives and make sure M1 complies with all applicable laws and regulations. You and your team will provide regulatory compliance and supervision advice to all lines of business and act as a subject matter expert for all things compliance related. You’ll identify trends and build processes for internal and external identified risks.
The Compliance Director will support M1’s business with contributions in all functions of compliance, including:
- Audit and Regulatory Compliance
- Compliance Administration
- Compliance Advisory and Risk Management
- Compliance Supervision
- Education, Training, and Promoting a Compliance Culture
- Policies and Procedures
What You'll Do
- Build relationships with Compliance, Legal, Fraud, Risk and Operations colleagues and key business partners including Marketing, Design, Product, and Engineering
- Advise business partners on application of compliance requirements for new products and services, process development, remediation, and improvement, and changes in law or regulation
- Collaborate with business partners to draft and implement policies and procedures
- Manage the new employee onboarding and registration process
- Assist with BSA/AML risk assessments to identify areas of high risk and develop internal controls and processes to mitigate associated risks.
- Develop and enhance regular and on-going compliance-related training and resources
- Enhance risk management program by contributing to initiatives related to third party vendor due diligence, BSA/AML, and on-going compliance testing and monitoring
- Review internal and external communication such as email campaigns, slack messages, blog posts, and other marketing related items and recommend enhancements based off of compliance expertise
- Partner with customer success and operations teams to manage the review, communication and remediation of customer complaints
Skills/Qualifications
- You have a Bachelors Degree in an accounting, law, business, other related field or relevant military experience
- Active FINRA Series 7 and 24 licenses, preferred (CFA, CFP, or Series 65 also preferred)
- 5+ years of experience in a compliance, operations, or supervision role in a financial services organization
- Experience creating, enhancing, or executing innovative compliance initiatives or programs
- Comfortable interpreting regulatory guidance to create actionable, relatable policies and procedures
- Exceptional communication skills, both verbal and written
- Ability to identify and solve complex and ambiguous issues
Our Values
Our team embodies our eight core principles and if these principles speak to you – we’d love to talk with you.
- Mission Driven: We will passionately apply ourselves to deliver immense value to our customers, knowing if they succeed, so too will the company.
- Extreme Ownership: We think and act like owners. Our focus is on building long-term value, not scoring short-term marks. We own everything in our domain, including the outcome and everything that affects it.
- Boldness: We want to do things of consequence. Make a difference. We would rather fail at something meaningful than succeed at something trivial.
- Bias for action: The best way to make progress is to act.
- Economical: Efficiency is important, and we consider both the costs and benefits of our actions.
- Team-oriented: In working together, we maintain a low ego, make everyone feel welcome, assume good intent, trust one another, and seek out different perspectives. We empower our teammates to be at their best.
- Challenged, but not overwhelmed: We are curious people who always want to grow. Growth happens outside our comfort zone. We achieve our potential through consistent, manageable growth.
- Integrity: We do the right thing. When we make mistakes, we own and correct them. We would be proud of our actions are shared with our family, friends, and strangers. Everyone can count on us to act according to our values, beliefs, and principles we state we hold. This trust must never be broken.
Our Perks
- Unlimited PTO
- Comprehensive health, dental, vision, disability, and life insurance
- Stock options for all employees
- Retirement benefit with employer match
- $500 to spend on home office equipment while working from home
- Stylish M1 swag
- Socially distant team outings, celebrations, and events
- Transparent and open communication
- Office in the Loop with a Game Room and Gym