What are the responsibilities and job description for the Director of Regulatory Compliance position at Above Lending?
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.
\nCompliance Program Management and Execution
- 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
Risk Assessment and Monitoring
- 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
Reporting and Analytics
- 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
Regulatory Change Management
- 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
BSA/AML and Consumer Protection
- 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
Issue Management
- Manage the compliance issues tracking and resolution process
- Investigate and document compliance issues or violations
- Develop and implement corrective action plans
- 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
Join our dynamic team and contribute to Above Lending’s success as we continue to provide innovative lending solutions to our customers.
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*Above Lending is an equal opportunity Employer*
Above Lending does not accept unsolicited resumes from individual recruiters or third-party recruiting agencies in response to job positions. No fee will be paid to their parties who submit unsolicited candidates directly to Above Lending employees or the Above Lending Finance and HR teams. No placement fee will be paid to any third party unless such a request has been made by the Above Lending HR team.
Salary : $140,000 - $190,000