Step Mobile

Product Compliance Associate

Posted 10 Days Ago

Be an Early Applicant

2 Locations

Remote

104K-156K Annually

Senior level

Fintech

The Role

The Product Compliance Associate supports the design, development, and implementation of financial products, ensuring compliance with laws and regulations. Responsibilities include managing compliance standards, conducting regulatory inquiries, and collaborating across teams. The role demands expertise in consumer protection and fintech regulations, alongside strong analytical and communication skills.

Summary Generated by Built In

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