What are the responsibilities and job description for the Compliance Lead position at Karat?
Our Risk team is looking for a Compliance Lead to manage and execute our mission critical regulatory compliance functions. We want an individual who has the ambition and experience to grow with Karat.
Life as a Compliance Lead at Karat:
- Serve as the company’s Compliance subject matter expert and act as a resource and leader as we continue to grow and expand our product offering
- Take Compliance programs from 0 to 1: from researching the regulatory landscape, to scoping requirements and building out tools and processes with our Engineering, Risk, Operations, and Growth teams
- Develop internal resources and conduct trainings on Compliance policies and regulatory issues
- Act as the lead and point of contact for all external-facing Compliance matters and regulatory bodies
- Own risk assessments and develop processes for ongoing testing and monitoring
- Build out a team to support ongoing Compliance work and scaling
What You'll Need:
- 6 years experience in a legal or compliance function dealing directly with lending, payments, banking, and data privacy regulations and best practices: OFAC, BSA/AML, CCPA/CPRA, FCRA, TILA, ECOA, UDAAP
- Previous experience in a Fintech compliance role strongly preferred
- Experience building card lending and servicing compliance programs is a plus
- Bonus points for: experience at an early-stage startup and a JD degree
- A history of building new compliance policies and programs from scratch
- Ability to autonomously goal set, learn quickly, and work with an innate sense of ownership
- Strong user empathy and a natural sense for what makes a great product experience
- Demonstrated background collaborating with a variety of cross-functional teams
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