Operational Risk Testing and Monitoring Analyst

Growth with a Purpose 

OppLoans is a rapidly growing Fintech company that helps credit-challenged consumers build a better financial path through accessible products and five-star customer service. As one of Chicago’s fastest-growing startups, we’ve made the Crain’s Business Chicago Fast 50 (#4 in 2019, #8 in 2020) and the Deloitte Technology Fast 500 (twice), and we’ve ranked in Inc. 5000 five years in a row!  

OppLoans is a team of caring and inventive “Opptimists” with diverse perspectives and backgrounds. OppLoans employees approach every new challenge with an unparalleled ability to see what could be rather than settle for what is. We want people to be excited to come to work every morning and know they are a part of something great. That’s why we prize collaboration, collegiality, and letting the best ideas win the day. 

What you get to do: 

• Partner with the business to recognize, document and cultivate and control environment to manage risk exposure.
• Build and maintain an independent Operational Risk Testing & Monitoring Program which measures the design and effectiveness of the control environment in the first line of defense.
• Through questioning the status quo, providing credible challenge, and the ability to flex thinking to varying situations, you will analyze data and create reports regarding the status and outcomes of the Operational Risk Testing & Monitoring program.
• Work with the business and Compliance to monitor high risk areas and processes requiring special attention.
• Communicate, provide education around, and develop risk management policies and limits.
• Liaison between the Compliance and business groups.
• Participate in Compliance Monitoring & Testing and all audits.

What you will bring to the team:

• 1 or more years experience reviewing sensitive information (customer documents, banking information), ability to navigate and review customer accounts, notate findings, track information and report and raise important results and issues.
• Strong skills in research, responding to internal questions, dealing with legal and compliance issues or gaps, troubleshooting and drawing to conclusion a variety of situations.
• Familiarity with federal regulations under which Opploans operates; primarily the Fair Credit Reporting Act (FCRA), but also the Unfair, Deceptive, or Abusive Acts or Practices Act (UDAAP), Equal Credit Opportunity Act (ECOA), Truth in Lending Act (TILA), Fair Lending, Servicemembers Civil Relief Act (SCRA), and others
• Eagerly solicit and implement feedback to improve work products and methods
• Collaborative team effort mentality and ability to foster cross-departmental relationships

Define your career at OppLoans

OppLoans is committed to providing an exceptional employee experience that allows you to define your career and purpose with us. New hire “Opptimists” go through orientation, shadow programs, a new hire lunch with our CEO, Jared Kaplan, and you can participate in different company culture events focused on diversity, equity, and inclusion. Our Onboarding team has designed programs to make you feel welcome and part of our team during your first year and beyond.

• Define the mission (days 1-30): You will understand our company mission, values, and vision, and how your role at OppLoans plays a part in that. 

• Define your goals (months 1-3): You will be able to understand your role expectations and identify goals with your manager and mentor(s) to fulfill those expectations. 

• Define your belonging (months 3-6): You will understand OppLoans’ culture and have opportunities to engage with and impact that culture. Business Resource Groups and other programs are offered to help with community connection both virtually and in-person. 

• Define your journey (6 months - 1 year): You will feel confident in your abilities to execute in your role and know the next step you will take to develop your career. 

Compensation and Benefits

OppLoans offers a flexible remote environment, 401(k) matching program, and flexible paid vacation. Other benefits include medical benefits, dental and vision coverage, and tuition reimbursement. To support your wellness, you receive a free Audible membership, access to all LinkedIn Learning courses, and monthly meditation and yoga classes. We also offer Fringe, which is a lifestyle benefits platform that lets you decide how you want to spend your rewards from dozens of vendors like Uber, Doordash and Urban Sitter. Dress code is casual.  

EEOC Statement: 

We do not discriminate based on identity - race, color, religion, national origin or ancestry, sex (including sexual identity), age, physical or mental disability, pregnancy, veteran or military status, unfavorable discharge from military service, genetic information, sexual orientation, marital status, order of protection status, citizenship status, arrest record or expunged/sealed convictions, or any other legally recognized protected basis under federal, state, or local law.

OppLoans is committed to the full inclusion of all qualified individuals. As part of this commitment, OppLoans will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact our People team at recruiting@opploans.com. 

Pursuant to the requirements of the California Consumer Privacy Act, OppLoans is providing the "OppLoans California Employee Privacy Policy", which details the categories of personal information collected and your rights under the policy. If you are a California resident, please review the policy here: https://www.opploans.com/careers/