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Director of Compliance (Compliance Assurance)

| Chicago
Why OppLoans?
  • OppLoans is a socially responsible, profitable FinTech company that has grown 2000% over the last 3 years, and is backed by a global investment firm with $100M+ in AUMs.
  • Recent accolades include being named one of the fastest-growing companies in the USA by Inc. Magazine’s list of 500, 3rd fastest-growing startup by Built In Chicago, and 6th best company to work for nationally by Glassdoor.
  • Customers love our product! We have been widely recognized as having the best customer experience in the industry. See what our borrowers are saying on Google and the BBB! 
  • Employees love working here. We have an entrepreneurial and dynamic startup culture that also cares for our employees. Check out our Glassdoor reviews! 

The Opportunity!

We are looking for an experienced and energetic Director of Compliance (Compliance Assurance) to join OppLoans’ expanding and dynamic Compliance Department. This role will report directly to the Chief Compliance Officer and the main responsibilities are:
  • Assisting the CCO in implementing our Compliance Management System and Compliance Risk Management Framework.
  • Define the compliance testing scope of work, develop test programs, conduct reviews of business units and support functions against an inventory of regulatory obligations.
  • Define and manage issues management and corrective action processes, including risk rating definitions, root cause and remediation tracking.
  • Define and manage regulatory risk assessment process, including metrics, risk weighting and reporting.
  • Manage the company’s employee and board regulatory training processes, including vendor management, content, and reporting.
  • Demonstrate functional or proficient working knowledge of the prudential, financial crimes, and consumer lending regulations including but not limited to the Bank Secrecy Act; USA Patriot Act; Equal Credit Opportunity Act; Truth In Lending Act; Fair Lending; Unfair, Deceptive, or Abusive Acts or Practices Act; Servicemembers Civil Relief Act and their implementing Regulations as well as other relevant regulatory requirements.
  • Ensure testing is performed in compliance with the relevant policy, procedures, and testing standards.
  • Take on other projects and provide input into testing and monitoring program to ensure that it is effectively aligned with business level monitoring and audit processes.
  • Work in collaboration with Business Compliance Officers and other stakeholders in various phases of compliance testing, issues management and risk assessments, including planning, notification, fieldwork, escalation, reporting and follow-up.
  • Demonstrate ability to exercise judgment in assessing the material significance and relevance of identified compliance exceptions and risks and ensure timely escalation.
  • Develop reports, which are concise, timely and provide value to business and management to continuously improve compliance controls and mitigate risks.
  • Identify, track and communicate compliance findings, issues and risks and make issue remediation recommendation, and work with responsible owners to address the items on a timely basis; ensure appropriate issue reporting and escalation.
  •  Other duties as assigned.
Our Ideal Candidate:
  • Bachelor’s degree required. CRCM certification and/or JD a plus.
  • Relevant experience in regulatory compliance, preferably in consumer finance or fintech company. Experience at a high-growth start-up is preferred.
  • Strong knowledge of consumer financial regulations, including Truth in Lending Act and Regulation Z, Equal Credit Opportunity Act and Regulation B, Fair Credit Reporting Act, Fair Debt Collections Practices Act, Unfair Deceptive and Abusive Acts or Practices, Telephone Consumer Protection Act, Electronic Funds Transfer Act (Regulation E), Electronic Signatures in Global and National Commerce Act (ESIGN), NACHA Operating Rules and Guidelines
  • Proficiency in root cause analytics
  • Excellent communication skills, verbal and written
  • Good organizational and follow-up skills
  • Excellent problem resolution skills
  • Ability to work in fast-paced environment and meet deadlines with an attention to detail
  • Strong, comprehensive understanding of risk assessments, financial services risk key regulations and current regulatory developments relevant to business knowledge a plus
  • Detail-oriented and self-motivated with the ability to proactively identify issues
  • Proven ability to build strong relationships, working with all levels with both internal and external customers
  • Ability to multitask as well as assess and change priorities
  • Ability to work well individually, and in team structure
  • Experience creating and standing-up new teams and new projects.
  • A “driver” personality; constantly pushing toward clarity and delivery while balancing the need for great cross-team collaboration.
  • Flexibility to work in a fast-paced, high-growth environment and an enthusiasm for learning new areas of law.
  • A passion for improving the lives of consumers through OppLoans products.
  • Humility, integrity and a killer sense of humor; you take your work seriously, but not yourself. 

Competitive salary and benefits package including:

  • Subsidized daily lunches
  • Fully stocked kitchen with healthy snacks and drinks
  • Free health insurance (base plan)
  • Free gym membership
  • 401(k) with OppLoans match
  • Flexible paid vacation policy
  • CTA, Metra, and Divvy benefit program
  • Frequent office events (happy hours, massages, game nights, sports leagues, private yoga sessions, catered breakfasts, etc.)
  • Awesome panoramic office view of Millennium Park and Lake Michigan, with rooftop access.
  • Opportunity to attend conferences and courses to keep your mind sharp
  • Equal opportunity employer
  • Frequent office events (happy hours, massages, game nights, sports leagues, private yoga sessions, catered breakfasts, etc.)
Read Full Job Description

Technology we use

  • Product
  • Sales & Marketing
    • Google AnalyticsAnalytics
    • ConfluenceManagement
    • JIRAManagement
    • WordpressCMS
    • SalesforceCRM

Location

OppLoans is located in the heart of downtown Chicago, adjacent to Michigan Avenue and across the street from beautiful Millennium Park.

What are OppLoans Perks + Benefits

OppLoans Benefits Overview

Fully stocked kitchen with healthy snacks & drinks available.
Subsidized daily lunches.
CTA & Metra benefit program.
Free gym membership.
Free shuttle passes to Metra stations.
Casual dress policy.
Discounted Divvy memberships.
401(k) match program.
Free OppLoans apparel.
Competitive salary and benefits package.
Fun, fast-paced work environment.
Employee and peer recognition program.
Dynamic start-up culture and environment.
Ability to make an immediate impact in a growth stage company.
Flexible paid vacation policy.
Free health benefit options.
Intramural sports leagues.
Weekly office events (happy hours, massages, game nights, private yoga sessions, catered
breakfasts, etc.).
Dual monitors and stand-up work stations.
Convenient downtown Chicago office located in the heart of the city.
Awesome panoramic office view of Millennium Park and Lake Michigan, with rooftop access.
Equal opportunity employer.

Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Onsite Gym
OppLoans gym is a state-of-the-art fitness center free to all employees, and provides yoga, kickboxing and pilates classes on site.
Retirement & Stock Options Benefits
401(K) Matching
Performance Bonus
Child Care & Parental Leave Benefits
Flexible Work Schedule
Family Medical Leave
Vacation & Time Off Benefits
Generous PTO
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Game Room
Stocked Kitchen
Some Meals Provided
Happy Hours
Professional Development Benefits
Job Training & Conferences
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