About the position
Avant is adding to our team in Chicago! We are looking for an entrepreneurial, self-driven candidate who is passionate about compliance and interested in making a difference. You will be primarily responsible for conducting second line regulatory compliance monitoring and testing, supporting regulatory risk assessments, and supporting regulatory compliance training. This role may also entail support of other compliance functions including compliance reporting and utilization of governance, risk and compliance ("GRC") software. In this role, you are expected to maintain a high degree of knowledge of consumer lending rules and regulations, including, but not limited to TILA, ECOA, UDAAP, FCRA, FDCPA, SCRA, MLA, GLBA, EFTA, TCPA, E-SIGN, BSA and other AML related regulations. You will work with multiple business units to support regulatory compliance oversight of Avant's growing product offering.
Responsibilities
- Perform targeted regulatory testing to ensure compliance with applicable regulations
- Review controls established and owned by business owners for effectiveness
- Evaluate policy, procedure, training, and processes with respect to regulatory requirements
- Partner with business units to effectively address risk identified through compliance audits
- Assist in execution of the regulatory risk assessment framework, including collaboration with various business units to identify controls and gaps in business rules and processes work with business to address findings
- Participate in team initiatives to enhance second line compliance oversight and strategic business partnership, aligned to growth and scale of the growing Avant business
Requirements
- Experience conducting compliance monitoring and testing, including interpreting consumer protection regulations to write compliance test scripts, gathering system data, and utilizing creative approaches to enhance testing effectiveness
- In depth knowledge of federal and state consumer protection regulations, such as TILA, ECOA, UDAAP, FCRA, FDCPA, SCRA, MLA, GLBA, EFTA, TCPA, E-SIGN, and BSA
- 4+ years of financial services regulatory compliance experience (bank experience preferred)
- Bachelor's Degree required; JD/CRCM a plus
- Outstanding initiative, communication skills, attention to detail, and organizational skills
- Excellent communication skills and a track record of being able to interface and collaborate effectively with other departments
- Ability to multitask between complex projects in a fast paced environment
- Excellent ability to investigate, analyze, and interpret data as well as state and federal regulations
- Self-confidence, good judgment, and the ability to make sound decisions
- Strong interpersonal, analytical, and problem-solving skills
- Willingness to learn new skills and monitor aptitude development to optimize accuracy and performance
Nice-to-haves
- LogicGate, SQL, Atlassian (Jira and Confluence), and/or Looker experience a plus
Benefits
- Choice of great Medical, Dental, and Vision Insurance Plan options
- 401(k) match
- Flexible Time Off
- Flexible Work Environment - (i.e. Mon/Tues/Thurs in-person)
- Generous Paid Parental Leave, Adoption Assistance and Post-parental leave ramp-up program
- Lunch Allowance (Fooda) and In-office Snacks
- Summer Fridays
- Fun In-Office and Virtual Social Events
- And who doesn't love the swag
