Product Compliance Associate
Gen Z is the generation of the side hustle. 💪🏻 They’re creators. 👩🎤 They’re freelancers. 🧑💻 They’re investors. 👩💼 And they’re not afraid to take on challenges, especially when it comes to their finances - and we’re here for it.
Step is a next-generation financial services company building a better banking experience to help teens and young adults achieve financial independence and knowledge at an earlier age. We’re on a mission to improve the financial future of the next generation by empowering teens to start their financial journey today. Step is a well-funded Series C company that has raised more than $175M, focused on disrupting the banking industry through a differentiated mobile-first consumer experience.
People love our product. We eclipsed over 5.5M million customers, and if you’re looking to join a fast-growing company with a strong mission and vision that puts people first, we want to meet you!
Role and Responsibilities
- Support design, development, and go-to-market implementation of new products, features, and initiatives while ensuring compliance with applicable laws, rules, and regulations
- Act as primary expert and advisor on all Step product compliance matters
- Serve as counterpart and liaison on product compliance matters with bank partners to facilitate compliance and credit model reviews and approvals
- Analyze and summarize various regulatory developments and industry innovations impacting the business
- Stay informed and maintain a deep understanding of consumer protection, lending, and fintech regulations
- Collaborate with cross-functional teams (product, engineering, marketing, design, and risk) to support the launch and post-launch activities of new products and features
- Manage product compliance standards for all marketing internally and externally with banking partners and platform partners
- Oversee compliance training programs for employees
- Manage privacy and data security compliance
- Perform and support all product, marketing, and privacy compliance examinations, regulatory inquiries, audits, and risk assessments
- Conduct all vendor and critical subcontractor diligence and reviews
- Provide regular reports on compliance activities to senior management, regulators, and Step’s Board of Directors
We're looking for someone who has
- Bachelor’s degree with a minimum of five (5) years of proven and progressive experience; preferably in a compliance role with a financial institution or fintech
- Experience in consumer banking, lending, payments, and deposits
- Have extensive knowledge in financial / fintech regulations and network rule compliance within products including, but not limited to:
- TILA/Reg Z, ECOA/Reg B, FCRA, UDAAP, EFTA, SCRA/MLA, GLBA, COPPA
- SEC broker-dealer and investment advisory
- Credit model regulatory compliance
- All other applicable regulations and network rules
- Experience growing existing compliance infrastructure and internal controls
- Proven track record of successful cross-functional collaboration across internal stakeholders
- Ability to independently advance progress with limited oversight
- Superb verbal and written communication skills
- Strong analytical skills and impeccable attention to detail
Working at Step
- Competitive salary based on experience, with full medical and dental benefits 💸
- High potential for growth 📈
- Stock in an early-stage startup 🤩
- Flexible WFH and vacation policy 🏝
- Paid parental Leave 🐣
- Employee referral program 👯♀️👯
- 401K plan 💪🏻