Product Compliance Associate

Responsibilities:

• Support design, development, and go-to-market implementation of new products, features, and initiatives while ensuring compliance with applicable laws, rules, and regulations.
• Act as primary expert and advisor on all Step 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 (product, engineering, marketing, design, and risk) 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 Step’s Board of Directors.

We're looking for someone who has:

• Bachelor’s degree with a minimum of five (5) years of proven and progressive experience; preferably in a compliance role with a financial institution or fintech.
• 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.
  • 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.

Salary Range:

• Base pay salary range is $104,000-$156,000 and stock in early stage startup.
• Starting salary will be determined by a variety of factors including job-related skills, experience, qualification, work location, and market conditions.