Sr. Director, Compliance Advisory

Posted 4 Days Ago
Be an Early Applicant
4 Locations
Hybrid
Senior level
Fintech • Payments
Varo made history: the first and only consumer fintech to be granted a national bank charter by the OCC!
The Role
The Sr. Compliance Advisory Director ensures compliance with consumer protection regulations, advises on compliance requirements, collaborates on product development, and manages multiple projects.
Summary Generated by Built In

Varo is an entirely new kind of bank. All digital, mission-driven, FDIC insured and designed for the way our customers live their lives. A bank for all of us.


As the Sr. Compliance Advisory Director, you will be critical to delivering exceptional products while ensuring compliance with applicable consumer protection requirements. 


We’re looking for someone who has a growth mindset, is a self-starter, and enjoys a fast-paced working environment. This person will have a strong handle on consumer compliance regulations and product development in a financial services environment, and enjoys working creatively to solve business problems in a compliant manner. This is a great opportunity to join the compliance team at the first all-digital bank to receive a national banking charter. 

What you’ll be doing:

  • Advise the business on compliance requirements and related controls 
  • Collaborate with the Product and Operations teams on the development of products, services, and processes to build compliance into the products from the start  
  • Have a  strong command of critical deposit, open-ended lending, servicing, and collections regulations, including: Reg E, Reg DD, Reg Z, Reg B, UDAP/UDAAP, FCRA/FACTA, FDCPA, Reg CC, E-Sign, Reg J, IRS processes, and others 
  • Collaborate with the Legal Department on the review and development of Account Agreements and Disclosures
  • Review BRDs and JIRA tickets related to product/system enhancement and development
  • Collaborate with Operations on the development of FAQs, procedures, and training programs related to deposit and lending products and services
  • Collaborate with multiple departments and businesses to prepare and complete the Annual Compliance Risk Assessment
  • Collaborate with multiple departments and businesses to complete the annual FDIC-370 certification process, procedures, and reporting
  • Assist in developing compliance training modulesParticipate in RSCA updates for products and services

You’ll bring the following required skills and experiences

  • Extensive consumer compliance experience with deposits and/or open-end credit in the Banking/ FinTech space, preferred 
  • Ability to communicate positively with members of various internal teams and regulators
  • Proven track record of managing multiple projects in a fast-paced, high-volume environment
  • Working knowledge of a Compliance Management System
  • Strong sense of ownership and thought-leadership
  • A high level of intellectual curiosity and drive  to use technology to solve compliance challenges
  • CRCM and/or JD preferred, but not required

#Director


We recognize not everyone will have all of these requirements. If you meet most of the criteria above and you’re excited about the opportunity and willing to learn, we’d love to hear from you!


About Varo

Varo launched in 2017 with the vision to bring the best of fintech into the regulated banking system. We’re a new kind of bank – all-digital, mission-driven, FDIC-insured, and designed around the modern American consumer. 


As the first consumer fintech to be granted a national bank charter in 2020, we make financial inclusion and opportunity for all a reality by empowering everyone with the products, insights, and support they need to get ahead. Through our core product offerings and suite of customer-first features, we aim to address a broad range of consumer needs while profitably serving underserved communities that have been historically excluded from the traditional financial system.


We are growing quickly in our hub locations of San Francisco, Salt Lake City, and Charlotte along with colleagues located across the country. We have been recognized among Fast Company’s Most Innovative Companies, Forbes’ Fintech 50, and earned the No. 7 spot on Inc. 5000’s list of fastest-growing companies across the country.


Varo. A bank for all of us.


Our Core Values

- Customers First

- Take Ownership

- Respect

- Stay Curious

- Make it Better


Learn more about Varo by following us:

Facebook - https://www.facebook.com/varomoney

Instagram - www.instagram.com/varobank

LinkedIn - https://www.linkedin.com/company/varobank



Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.


Beware of fraudulent job postings!

Varo will never ask for payment to process documents, refer you to a third party to process applications or visas, or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo.  If you suspect you have received a phony offer, please e-mail [email protected] with the pertinent information and contact information.


CCPA Notice at Collection for California Employees and Applicants:

https://www.varomoney.com/privacy-legal/

Top Skills

Compliance Management System
E-Sign
Fcra/Facta
Fdcpa
Irs Processes
Reg B
Reg Cc
Reg Dd
Reg E
Reg J
Reg Z
Udap/Udaap
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The Company
HQ: San Francisco, CA
1,000 Employees
On-site Workplace
Year Founded: 2015

What We Do

We're on a mission to empower hard-working Americans to achieve greater financial resilience; arming them with the products and support they need to create healthy financial habits.

Why Work With Us

We’re working toward our mission with a team that uniquely and strategically combines banking veterans with technology experts. The banking experts provide decades of industry experience, and the tech experts can build a mobile app that offers everyone access to no-cost, premium banking, including high-yield savings and auto-saving tools.

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