Compliance Associate - Payments, Lending and Markets

About Figure

Figure is transforming the trillion dollar financial services industry using blockchain technology. 

In six years, Figure has unveiled a series of fintech firsts using the Provenance blockchain for loan origination, equity management, private fund services, banking and payments sectors - bringing speed, efficiency and savings to both consumers and institutions. Today, Figure is one of less than a thousand companies considered a unicorn, globally.

Our mission requires us to have a creative, team-oriented, and supportive environment where everyone can do their absolute best. The team is composed of driven, innovative, collaborative, and curious people who love architecting ground-breaking technologies. We value individuals who bring an entrepreneurial mindset to every task and will embrace our culture of innovation. 

Every day at Figure is a journey in continuous learning yet a daily focus on getting work done that makes a difference. Join a team of proven leaders who have already created billions of dollars in value in the FinTech space!

Forbes Top 50 Blockchain Companies

Figure Series D Announcement

About the Role

Reporting to the Chief Compliance Officer, you will work closely with business partners and serve as a subject matter expert on payments and lending compliance. As an integral part of our team, you will work on some of the most exciting compliance and business issues in fintech, crypto, and blockchain today. You will interact with state and federal regulators and collaborate with our business partners as they develop, market, and enter into exciting partnerships for our products and services.

And most importantly, you thrive on building something new.

What You’ll Do

• Support the development and maintenance of the compliance program for payments and lending businesses to ensure their compliance with all applicable laws and regulations, as well as industry best practices.
• Serve as a compliance subject matter expert for the development of new products and maintenance of existing products.
• Make necessary transaction filings and manage applications for and maintenance of lending, servicing, and money transmitter licenses.
• Collaborate with the business to develop policies, procedures, and controls associated with each product and process.
• Research, communicate, and test compliance requirements for new or modified products or services.
• Manage the regulatory change management program for lending, servicing, and payments, identifying applicable regulatory changes, tracking and recording all changes through implementation, and working with business units to implement necessary changes. 
• Execute compliance strategies as directed, including gap and risk assessments.
• Oversee and/or conduct ongoing monitoring and testing of new products.
• Coordinate internal and external audits, regulatory inquiries, and self-assessments.
• Work closely with the Legal team on developing terms of use, product policies, and relevant disclosures.
• Review and assist the business in developing marketing materials with appropriate disclaimers.
• Design training programs to educate cross-functional teams about the company’s compliance responsibilities, including anti-money laundering laws, lending, and payment network rules.
• Regularly report compliance metrics and significant changes in the compliance landscape to leadership team
• Remain up-to-date on relevant industry, consumer protection, and advertising laws and regulations to ensure an ongoing ability to provide sound compliance advice.
• Coordinate and conduct vendor due diligence in compliance with state and federal requirements.

What We Look For

• 3-5 years of experience as a payments and/or lending compliance professional.  Certified AML Specialist (CAMS) or Certified Fraud Specialist (CFE) preferred.  
• Experience with payments, cryptocurrency, blockchain and banking or fintech industry and related compliance issues, including the laws, rules and regulations related to banks, bank partners, and/or the participants in various payments systems, including processors and program managers
• Extensive knowledge of financial services, payments and lending compliance requirements and regulations including TILA/Regulation Z, ECOA/Regulation B, EFTA/Regulation E, FCRA, FACTA, FDCPA, SCRA, BSA/AML, EFTA, UDAAP, GLBA, the CARD Act, money transmission laws and requirements, and UDAAP
• Experience building and executing lending and payments program compliance risk assessments
• Experience applying for and maintaining lending, servicing, and money transmitter licenses, including use of NMLS and execution of license reporting requirements
• Experience reviewing marketing marketing materials for compliance with applicable regulations and requirements
• Demonstrated ability in analyzing compliance risks and designing, testing and evolving appropriate controls
• Strong writing skills and the ability to communicate complex issues clearly and concisely to an audience without subject matter expertise
• Strong organizational skills and the ability to digest complicated information into executive and targeted summaries tailored to audiences across the company.

Benefits and Perks

• Competitive salary and growth opportunities 
• Company quarterly performance based bonus
• Equity stock options package
• Employer funded comprehensive health, vision, dental insurance and wellness program for employees and their dependents
• Employer funded life and disability insurance coverage
• Company HSA, FSA, Dependent Care, 401k, and commuter benefits
• Up to 12 weeks paid family leave
• Home office and technology stipend for those working outside of a traditional office more than 75% of the time
• Flexible time-off plan to empower employees to take the time off that they want and need
• Continuing education reimbursement
• Routine Team swag deliveries!

For CO, NY, CA and WA residents, the salary range for this position is $81,600 - $102,000/year plus a 25% company and individual performance based bonus. Actual compensation may vary based on individual candidate experience and location.

Depending on your residential location certain laws might regulate the way Figure manages applicant data. California Residents, please review our California Employee and Prospective Employee Privacy Notice for further information. By submitting your application, you are agreeing  and acknowledging that you have read and understand the above notice.

Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire. 

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