Chief Compliance Officer

Figure Agency • New York, NY

315d • $195,000 - $265,000

About The Position

Figure Lending is seeking a highly motivated and experienced individual to join Figure Lending's Legal and Compliance department and provide leadership support in building and implementing a top-class, highly effective compliance program. The Chief Compliance Officer of Figure Lending will lead the Lending compliance team and oversee the related compliance and regulatory functions. The Chief Compliance Officer of Figure Lending will assume primary responsibility for assuring compliance with federal and state rules/regulations as well as effectively manage and mitigate risk, establish proper controls, and protect Figure Lending from legal and regulatory risk.

Requirements

• 10+ years of relevant experience at a bank, credit union, nonbank lender, and/or regulatory agency.
• 5+ years of senior broker-dealer compliance experience in a compliance department of a registered broker-dealer.
• Experience at a public company, specifically in the Fintech sector, is preferred.
• Preference for a licensed attorney, with at least one state bar.
• Thorough knowledge of state lending, TILA/Regulation Z, ECOA/Regulation B, FCRA, FACTA, BSA/AML, UDAAP, and GLBA, BSA/AML, Regulation E, crypto lending, crypto exchange, Securities Act of 1933 (including Reg D), Investment Advisers Act of 1940, and other SEC/FINRA rules and regulations.
• Exceptional communication skills (verbal and written), from novice to expert audiences and explanatory to advocacy circumstances.
• Experience leading and managing legal or compliance employees.
• Exceptional judgment and integrity.
• Ability to work cross-functionally with ease.
• Strong work ethic and high attention to detail.
• Strong operational abilities with an eye for optimizing and improving procedures.

Nice To Haves

• Experience in the Fintech sector.

Responsibilities

• Manage and oversee the compliance functions for Figure Lending compliance program.
• Lead a team of qualified compliance professionals (8 employees).
• Serve as the Compliance resource for the building of new products and maintenance of existing lending including conducting regulatory research as necessary, drafting disclaimers and disclosures, conducting testing, and reviewing application flows and product processes.
• Serve as the primary point of contact for regulatory examinations and inquiries, external audits, and third-party diligence requests, including for CFPB, SEC, FINRA, and state regulatory bodies.
• Partner with the Legal team on all components of product counseling.
• Drive corrective action processes across all products, including collaborating across business units to resolve and document issues and implement appropriate corrective action plans in response to regulatory, testing, or audit findings.
• Develop compliance risk assessments to address legal and regulatory risks for associated compliance programs.
• Maintain the company's Compliance Management System, including oversight of the following areas: policies and procedures; training; monitoring and testing; complaints; regulatory change management; vendor management; reporting; and Fair Lending.
• Review and approve marketing materials and other public communications.

Benefits

• Comprehensive health, vision, and dental insurance with 100% employer-paid premiums for employees and their dependents on select plans.
• Company HSA, FSA, Dependent Care, 401k, and commuter benefits.
• Employer-funded life and disability insurance coverage.
• 11 Observed Holidays & PTO plan.
• Up to 12 weeks paid family leave.
• Continuing education reimbursement.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Professional, Scientific, and Technical Services
• Education Level: No Education Listed