About Figure
Figure is revolutionizing financial services with its disruptive technology platform. Our flagship product is the #1 non-bank HELOC in America. We’re delivering new consumer lending products and a capital markets ecosystem that maximize efficiency and transparency – by capitalizing on our loan origination activities, extensive network of partners, and growing pool of assets.
Join a team of 450+ people at Figure who have originated $11+ billion in loan volume. We’re very profitable and growing fast.
Figure has raised $469 million from top investors like Ribbit Capital, DST, Apollo, and Morgan Creek.
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Figure Series D Announcement
About the Role
We’re looking for a HMDA Compliance and Fair Lending Sr. Associate to join our growing team! As the HMDA Compliance and Fair Lending Sr. Associate, you will be responsible for assisting with the ongoing maintenance of the Company’s compliance management system and risk mitigation processes. You will be responsible for overseeing Figure’s regulatory reporting program and compliance with fair lending requirements. To conduct your daily job functions, you will be collaborating with several business units, including Finance, Legal, Operations, Data, and Product.
What You’ll Do
- Oversee regular collection and reporting of HMDA data collected during the loan application process
- Utilize HMDA software to identify potential errors, work cross-functionally to correct the errors, and conduct additional reconciliation to ensure report accuracy
- Prepare Figure’s HMDA LAR for final submission, routinely sample and test the HMDA LAR to ensure accuracy in accordance with Regulation C
- Analyze the existing HMDA program and identify opportunities for improvement
- Assist with monthly, quarterly, and annual regulatory reports to ensure accurate and timely submission
- Assist with the management of Figure’s fair lending compliance program; conduct quarterly analyses, report findings and feedback to the business and management
- Assist with the management of Figure’s vendor management program; support in vendor due diligence and oversight, support business units in their routine performance monitoring, rating, and feedback, and vendor dispute resolution processes
- Stay apprised of changing regulatory requirements and Figure’s business model to maintain a solid foundation of the applicable regulatory framework
- Assist with compliance testing to ensure compliance with federal and state regulations across Figure’s origination and lending activities
- Assist with the logging and tracking of identified issues and corrective action plans to validate remediation efforts
- Participate in the annual risk assessment process of applicable laws and regulations
- Collaborate with Product and Operations in connection with updates, changes and implementation of Figure’s current and new products and services
What We Look For
- Minimum 5 years of regulatory compliance experience at a bank, mortgage lending company or financial services company
- Deep knowledge of HMDA/Reg C and prior experience with HMDA software and LAR preparation
- Working knowledge of other consumer protection laws and regulations such as TILA/Regulation Z, RESPA, Regulation X, ECOA/Reg B and fair lending requirements, FCRA, FACTA, UDAAP, and GLBA
- Knowledge of the CFPB Small Business Lending Rule under the Equal Credit Opportunity Act (Regulation B)
- Ability to effectively communicate regulatory requirements to other business units, such as Product, Operations and Finance
- Ability to handle several projects at once while staying organized, detailed oriented, and diligent
- [Preferred] Proficiency in SQL for data extraction, analysis, and reporting, with a strong understanding of relational database concepts and the ability to write complex queries to manipulate and analyze large datasets.
- [Preferred] Experience using SQL to automate data processes, generate reports, and ensure data integrity, particularly in the context of HMDA and Fair Lending compliance.
- Bachelor’s degree or equivalent experience
Salary
- Compensation Range: $92,000–$110,000
- Quarterly 25% bonus target
- Equity stock options package
- This is the compensation range for the United States, actual compensation may vary based on individual candidate experience, location, or evolving business needs
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
Depending on your residential location certain laws might regulate the way Figure manages applicant data. California Residents, please review our California Employee and Prospective Employee Privacy Notice for further information. By submitting your application, you are agreeing and acknowledging that you have read and understand the above notice. Please note that while most Figure employees currently work remotely, Figure reserves the right to require a hybrid schedule to one of Figure’s four hubs. We have hubs in New York, NY, Charlotte, NC, Reno, NV, and San Francisco, CA.
Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.
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What We Do
Figure has applied blockchain technology across a series of real-world applications that are delivering real and immediate value to everyday consumers across sectors, including loan origination, private company cap table and fund management, security markets and payments. Figure has and continues to develop innovative products and services that seek to bypass traditional incumbents within the financial services industry.
Simply put, Figure is delivering on the promise of blockchain technology. Over $15B in transactions have been conducted on the Provenance Blockchain, a layer 1 designed for financial services, built and deployed by Figure.
As one of the first lenders to fully use blockchain technology, Figure is driving adoption across the lending ecosystem and providing stakeholders the benefit of an immutable record of asset ownership on the Provenance Blockchain. Figure’s HELOC product has enabled over 85,000 households across 45 states to unlock a combined $6 billion in equity from their homes. These lines of credit give people the opportunity to fund home improvement projects, secondary education, and more.
Figure is a regulatory powerhouse, boasting over 200 lending, servicing and money transmission licenses, SEC approval as an Alternative Trading System, and FINRA approved broker-dealer status. While some fintech companies aim to compete with traditional banks, Figure has stuck to expanding use cases for blockchain in finance and creating tech-enabled solutions for deep financial change in the markets. The company's iterative approach to product development has helped it to meet the evolving needs of its customers.
Why Work With Us
Figure creates tech-enabled, cutting-edge solutions for deep financial change, meeting the evolving needs of its customers. As the only firm leveraging blockchain technology to create real-world applications and immediate value to everyday consumers, Figure is effectively bridging the gap between the digital asset and traditional finance spaces.
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