Lendistry
VP Compliance Officer
Lendistry, Los Angeles, California, United States, 90079
EXECUTIVE SUMMARY OF RESPONSIBILITIES
We are seeking an exceptional, energetic and proactive compliance professional with a passion to promote a strong culture of compliance to join our team.
In this role you will help further develop and operationalize Lendistry’s cutting-edge compliance program. You will make strong partnerships throughout Lendistry to conceive and execute a strategy that ensures compliance while supporting innovation.
ABOUT LENDISTRY
Lendistry is the country’s largest minority-led and technology-enabled small business and commercial real estate lender with Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certification. We are a national employer whose mission is to provide economic opportunities and progressive growth for small business owners and their underserved communities as a source of financing and financial education.
GENERAL RESPONSIBILITIES
Reporting to the Chief Compliance Officer, the VP- Compliance Officer, will be responsible for developing, implementing, and overseeing aspects of Lendistry’s regulatory compliance program:
Stay abreast of emerging changes to laws, regulations, supervisory guidance, trends and industry best practices and assess potential impact on the company’s products and services.
Monitor compliance with laws, regulations, company policies, and contractual obligations to help maintain a robust compliance program that aligns with relevant laws, regulatory requirements, contractual obligations and industry standards.
Perform or assist in compliance program testing, monitoring and audits to assess adherence to compliance obligations.
Assist in annual review and update of compliance policies and related procedures. Help design and implement cutting-edge BSA/AML, sanctions, and consumer protection compliance policies, tailored specifically for the unique and evolving challenges within the Fintech space.
Assist in the identification of compliance risks, red flags and help develop compliance risk controls and mitigation plans.
Serve as the subject matter expert on data privacy-related laws, to assist in the continued improvement of company’s privacy program.
Support cross functional teams in the ideation, development, review and update of the company’s products and related policies, processes and reporting.
Conduct compliance risk assessments to identify potential areas of compliance vulnerability and risk; develop and implement corrective action plans for issue resolution.
Drive execution of compliance objectives and goals.
PROFICIENCIES
Proficiency in consumer lending, mortgage and commercial lending laws and regulations. Ideally, expertise should include handling matters involving:
BSA/AML, OFAC, ECOA, EFTA/Reg E, UDAAP, FCRA, TCPA, FDCPA, MLA, SCRA, TILA, Reg Z and other federal and state lending, servicing, data privacy and data security laws and regulations.
Mortgage industry standards (e.g. FNMA, FHLMC, FHA, VA, HUD, and Fair Lending Guidelines) and lending guidelines (e.g. Conventional, FHA, VA, Non-QM, etc.).
Ability to analyze and interpret complex regulatory frameworks and to effectively design, implement and manage key compliance programs such as auditing, training, reporting and operations.
Analytical and problem-solving experience with the ability to deep dive into the details while maintaining a strong focus on quality assurance of output.
Comfortable balancing multiple, competing priorities and changes in scope/direction with attention to detail and a high degree of personal accountability, quality, accuracy, integrity and trust.
Experience with implementation and administration of GRC Software.
Demonstrated change management knowledge and application.
EDUCATION AND EXPERIENCE
Advanced degree (JD, MBA).
8+ years’ experience in a compliance role in a Fintech, financial services firm or bank, with extensive knowledge of the regulatory environment in consumer lending, mortgage, commercial lending, payments, privacy, and cybersecurity.
Entrepreneurial mindset and the demonstrated ability to work cross-functionally and collaboratively with internal stakeholders.
Exceptional written and verbal communication skills.
Exceptional leadership and relationship management skills.
Strong critical and analytical thinking, decision making, and innovative problem-solving skills.
Ability to adapt in challenging and changing situations, comfortable dealing with ambiguity and uncertainty.
Ability to prioritize and handle multiple projects across multiple business units at one time.
Training in process management methodology (e.g., Sigma certification) preferred.
SALARY
$170,000 - $200,000/annually, depending on experience and location.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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We are seeking an exceptional, energetic and proactive compliance professional with a passion to promote a strong culture of compliance to join our team.
In this role you will help further develop and operationalize Lendistry’s cutting-edge compliance program. You will make strong partnerships throughout Lendistry to conceive and execute a strategy that ensures compliance while supporting innovation.
ABOUT LENDISTRY
Lendistry is the country’s largest minority-led and technology-enabled small business and commercial real estate lender with Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certification. We are a national employer whose mission is to provide economic opportunities and progressive growth for small business owners and their underserved communities as a source of financing and financial education.
GENERAL RESPONSIBILITIES
Reporting to the Chief Compliance Officer, the VP- Compliance Officer, will be responsible for developing, implementing, and overseeing aspects of Lendistry’s regulatory compliance program:
Stay abreast of emerging changes to laws, regulations, supervisory guidance, trends and industry best practices and assess potential impact on the company’s products and services.
Monitor compliance with laws, regulations, company policies, and contractual obligations to help maintain a robust compliance program that aligns with relevant laws, regulatory requirements, contractual obligations and industry standards.
Perform or assist in compliance program testing, monitoring and audits to assess adherence to compliance obligations.
Assist in annual review and update of compliance policies and related procedures. Help design and implement cutting-edge BSA/AML, sanctions, and consumer protection compliance policies, tailored specifically for the unique and evolving challenges within the Fintech space.
Assist in the identification of compliance risks, red flags and help develop compliance risk controls and mitigation plans.
Serve as the subject matter expert on data privacy-related laws, to assist in the continued improvement of company’s privacy program.
Support cross functional teams in the ideation, development, review and update of the company’s products and related policies, processes and reporting.
Conduct compliance risk assessments to identify potential areas of compliance vulnerability and risk; develop and implement corrective action plans for issue resolution.
Drive execution of compliance objectives and goals.
PROFICIENCIES
Proficiency in consumer lending, mortgage and commercial lending laws and regulations. Ideally, expertise should include handling matters involving:
BSA/AML, OFAC, ECOA, EFTA/Reg E, UDAAP, FCRA, TCPA, FDCPA, MLA, SCRA, TILA, Reg Z and other federal and state lending, servicing, data privacy and data security laws and regulations.
Mortgage industry standards (e.g. FNMA, FHLMC, FHA, VA, HUD, and Fair Lending Guidelines) and lending guidelines (e.g. Conventional, FHA, VA, Non-QM, etc.).
Ability to analyze and interpret complex regulatory frameworks and to effectively design, implement and manage key compliance programs such as auditing, training, reporting and operations.
Analytical and problem-solving experience with the ability to deep dive into the details while maintaining a strong focus on quality assurance of output.
Comfortable balancing multiple, competing priorities and changes in scope/direction with attention to detail and a high degree of personal accountability, quality, accuracy, integrity and trust.
Experience with implementation and administration of GRC Software.
Demonstrated change management knowledge and application.
EDUCATION AND EXPERIENCE
Advanced degree (JD, MBA).
8+ years’ experience in a compliance role in a Fintech, financial services firm or bank, with extensive knowledge of the regulatory environment in consumer lending, mortgage, commercial lending, payments, privacy, and cybersecurity.
Entrepreneurial mindset and the demonstrated ability to work cross-functionally and collaboratively with internal stakeholders.
Exceptional written and verbal communication skills.
Exceptional leadership and relationship management skills.
Strong critical and analytical thinking, decision making, and innovative problem-solving skills.
Ability to adapt in challenging and changing situations, comfortable dealing with ambiguity and uncertainty.
Ability to prioritize and handle multiple projects across multiple business units at one time.
Training in process management methodology (e.g., Sigma certification) preferred.
SALARY
$170,000 - $200,000/annually, depending on experience and location.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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