Compliance Associate – Monitoring & Testing

The role

This person will perform second-line compliance monitoring and testing against State and Federal regulations. They will review policies, procedures, applications, loans, marketing, and communications to assess compliance risk.

What you will do

• Second line monitoring and testing against applicable State and Federal regulations
• Assess compliance risk through analysis of accounts, policies, procedures, marketing material, and complaints
• Assist with and collect data, files, and other materials for monitoring and testing
• Collaborate with business departments in planning, execution, reporting, and follow-up
• Assess material, report findings, and provide recommendations
• Work with Issues Management Team to ensure issues are recorded
• Draft concise reports to improve compliance controls and mitigate risks
• Assist senior leaders in process improvements for the Monitoring and Testing Program
• Assist in monitoring for changes to the business to enhance testing processes
• Assist in monitoring for regulatory changes to update testing procedures

Required qualifications

• Three years’ experience in regulatory compliance or state regulatory oversight with a focus on consumer lending
• Knowledge from on the job experience or education, such as paralegal certification, JD, or Certified Regulatory Compliance Manager (CRCM) certification
• Experience in designing or implementing a compliance monitoring and testing program
• Applicable knowledge of consumer financial regulations, including Truth in Lending Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, Unfair Deceptive and Abusive Acts or Practices, Service
• Ability to do root cause analysis
• Ability to learn and understand how technology infrastructure works to inform root cause analysis

Nice to have

• Familiarity with data queries and using SQL
• Experience with data tools including Snowflake, Tableau

Benefits

• Flexible, remote environment
• 401(k) matching program
• Generous paid time off
• Medical coverage
• Dental coverage
• Vision coverage
• Tuition reimbursement
• DoorDash DashPass
• Figo pet insurance
• Rocket Lawyer
• Access to LinkedIn Learning
• Fringe lifestyle benefits platform

About the company

OppFi is a tech-enabled digital finance platform that works with banks to provide financial products and services for everyday Americans. The company supports consumers who are turned away by mainstream options to build better financial health.