Product Compliance Specialist
3 weeks ago
As a Product Compliance Associate at S.T.E.P., you will play a critical role in ensuring the company's products and services comply with applicable laws, rules, and regulations. This includes supporting the design, development, and go-to-market implementation of new products, features, and initiatives.
Key Responsibilities
- Act as primary expert and advisor on all S.T.E.P. product compliance matters
- Serve as counterpart and liaison on product compliance matters with bank partners to facilitate compliance and credit model reviews and approvals
- Analyze and summarize various regulatory developments and industry innovations impacting the business
- Stay informed and maintain a deep understanding of consumer protection, lending, and fintech regulations
- Collaborate with cross-functional teams to support the launch and post-launch activities of new products and features
- Manage product compliance standards for all marketing internally and externally with banking partners and platform partners
- Oversee compliance training programs for employees
- Manage privacy and data security compliance
- Perform and support all product, marketing, and privacy compliance examinations, regulatory inquiries, audits, and risk assessments
- Conduct all vendor and critical subcontractor diligence and reviews
- Provide regular reports on compliance activities to senior management, regulators, and S.T.E.P.'s Board of Directors
Requirements
We're looking for someone with a strong background in compliance, preferably in a financial institution or fintech. Key qualifications include:
- Bachelor's degree with a minimum of five (5) years of proven and progressive experience in compliance
- Experience in consumer banking, lending, payments, and deposits
- Extensive knowledge in financial / fintech regulations and network rule compliance within products including, but not limited to: TILA/Reg Z, ECOA/Reg B, FCRA, UDAAP, EFTA, SCRA/MLA, GLBA, COPPA, SEC broker-dealer and investment advisory, Credit model regulatory compliance, and all other applicable regulations and network rules
- Experience growing existing compliance infrastructure and internal controls
- Proven track record of successful cross-functional collaboration across internal stakeholders
- Ability to independently advance progress with limited oversight
- Superb verbal and written communication skills
- Strong analytical skills and impeccable attention to detail
What We Offer
We offer a competitive salary based on experience, with full medical and dental benefits, high potential for growth, stock in an early-stage startup, flexible WFH and vacation policy, paid parental leave, and an employee referral program.
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