Director of Regulatory Compliance

Above Lending•Chicago, IL

2d•$140,000 - $190,000•Hybrid

About The Position

Above Lending is a next-generation financial services company. We provide simple and transparent products aimed at helping our clients achieve their personal finance goals. With competitive rates and personalized support, our mission is to simplify the lending process and help borrowers attain financial well-being. We are committed to making credit more affordable and accessible. The Director of Compliance plays a crucial role in both leading and executing the company's compliance program. In our lean, dynamic compliance team, this position requires a hands-on approach, combining strategic oversight with direct execution of key compliance functions. The ideal candidate must be comfortable wearing multiple hats, performing individual contributor tasks, and adapting to changing priorities in a fast-paced environment. This role requires a versatile professional who can seamlessly transition between high-level oversight and hands-on execution of compliance tasks. The successful candidate will be expected to personally perform a wide range of compliance functions while also providing strategic guidance and support business units. Hybrid in downtown Chicago, 3 days onsite.

Requirements

Bachelor's degree in Business, Law, or related field
5-7 years of experience in compliance, with a mix of strategic and hands-on operational roles
Strong knowledge of financial services regulations, particularly in fintech and consumer lending
Proven ability to both lead projects and perform detailed individual work
Excellent analytical, problem-solving, and decision-making skills
Strong written and verbal communication abilities
Proficiency with compliance management systems and databases
Ability to work independently, manage multiple priorities, and adapt to changing needs
Comfortable in a lean team environment where flexibility and direct execution are essential

Responsibilities

Oversee and execute critical aspects of the company's compliance management system
Implement and maintain compliance policies, procedures, and controls across business lines
Directly perform compliance testing and monitoring activities
Manage and participate in the compliance risk assessment process
Conduct compliance risk assessments across business lines
Develop and execute test plans to assess compliance with laws, regulations, and internal policies
Personally monitor compliance controls and key risk indicators
Identify compliance gaps and lead remediation efforts
Develop and track key risk indicators and performance metrics
Prepare and present compliance reports for senior management
Analyze compliance data to identify trends and emerging risks
Stay abreast of regulatory changes and assess their impact on the business
Update policies and procedures to reflect regulatory changes
Collaborate with legal and business teams to implement compliance changes
Manage and execute day-to-day operations of the BSA/AML compliance program
Conduct BSA/AML risk assessments and enhance the program as needed
Ensure consumer protection practices are embedded in daily operations
Review consumer complaints analysis and implement corrective actions as necessary
Manage the compliance issues tracking and resolution process
Investigate and document compliance issues or violations
Develop and implement corrective action plans