Head of Compliance

HEAD OF COMPLIANCE 

Current is a leading consumer fintech platform transforming financial access for everyday Americans with over five million members. We provide access to financial solutions that seamlessly work together to solve the needs of our members and enable all Americans to build better financial futures. Based in NYC, our results-driven environment drives us to build better products, grow faster and empower everyone on our team to have an impact on our business and mission to improve financial outcomes

ABOUT THE ROLE:

We are looking for a Head  of Compliance to join our team. In this role you will lead Current’s compliance program and evaluate existing regulations, perform compliance risk assessments, provide regulatory guidance on existing products and new product development, and advise on platform development in response to changing regulations. 

RESPONSIBILITIES:

• Work with stakeholders to ensure compliance efforts are implemented, maintained, and governed effectively
• Serve as Current’s Bank Secrecy Act (BSA) Officer, implementing and overseeing Current’s BSA/AML/OFAC Program
• Evaluate existing regulations, perform compliance risk assessments, provide regulatory guidance on new product development, advise on platform development in response to changing regulations, identify and develop monitoring and testing routines and partner with business leadership to address client inquiries
• Act as subject matter expert on consumer debit and credit regulatory compliance, ensuring products and associated documentation conforms to regulatory obligations
• Maintain a compliance management framework by developing policies, procedures, training, and quality control processes
• Regularly engage with bank partners as well as relevant regulatory entities as necessary
• Develop and enhance compliance metrics and executive reporting

ABOUT YOU:

• 10+ years of regulatory/consumer compliance experience, with experience serving in a senior compliance management function
• Knowledgeable in credit regulatory compliance and ensuring products and associated documentation conforms to regulatory obligations
• Extensive knowledge in law, regulations, and subjects applicable to: BSA, TILA/Reg Z, Privacy, Complaints, Fair Lending, EFTA/Reg E
• Knowledge of Earned Wage Access products, licensing, and regulation preferred 
• Experience developing the elements of a compliance program, including risk assessment, monitoring and testing planning, third party oversight, and compliance training)
• Technical knowledge of consumer laws / regulations specific to Current’s product offerings
• Experience communicating compliance risks associated with product proposals and advising stakeholders on developing both customer-facing content and key operational controls
• A strong understanding of consumer financial services with a strong preference for experience with a consumer financial technology company.  
• Ability to manage a team and simultaneously handle multiple tasks and changing priorities in an efficient and effective manner
• Law degree and previous compliance experience at a consumer fintech preferred

This role has a base salary range of $200,000 - $290,000. Compensation is determined based on experience, skill level, and qualifications, which are assessed during the interview process. Current offers a competitive total rewards package which includes base salary, equity, and comprehensive benefits.

BENEFITS:

• Competitive salary 
• Meaningful equity in the form of stock options 
• 401(k) plan with company matching
• Discretionary performance bonus program 
• Biannual performance reviews
• Medical, Dental and Vision premiums covered at 100% for you and your dependents 
• Flexible time off and paid holidays 
• Generous parental leave policy
• Commuter benefits 
• Fitness benefits
• Healthcare and Dependent care FSA benefit 
• Employee Assistance Programs focused on mental health 
• Healthcare advocacy program for all employees 
• Access to mental health apps 
• Team building activities
• Our modern Chelsea-based office with open floor plan, stocked kitchen, and catered lunches