VP Compliance Officer

EXECUTIVE SUMMARY OF RESPONSIBILITIES

We are seeking an exceptional, energetic and proactive compliance professional with a passion to promote a strong culture of compliance to join our team.  

In this role you will help further develop and operationalize Lendistry’s cutting-edge compliance program. You will make strong partnerships throughout Lendistry to conceive and execute a strategy that ensures compliance while supporting innovation.

ABOUT LENDISTRY

Lendistry is the country’s largest minority-led and technology-enabled small business and commercial real estate lender with Community Development Financial Institution (CDFI) and Community Development Entity (CDE) certification. We are a national employer whose mission is to provide economic opportunities and progressive growth for small business owners and their underserved communities as a source of financing and financial education. 

GENERAL RESPONSIBILITIES

Reporting to the Chief Compliance Officer, the VP- Compliance Officer, will be responsible for developing, implementing, and overseeing aspects of Lendistry’s regulatory compliance program:

• Stay abreast of emerging changes to laws, regulations, supervisory guidance, trends and industry best practices and assess potential impact on the company’s products and services.

• Monitor compliance with laws, regulations, company policies, and contractual obligations to help maintain a robust compliance program that aligns with relevant laws, regulatory requirements, contractual obligations and industry standards.

• Perform or assist in compliance program testing, monitoring and audits to assess adherence to compliance obligations.

• Assist in annual review and update of compliance policies and related procedures. Help design and implement cutting-edge BSA/AML, sanctions, and consumer protection compliance policies, tailored specifically for the unique and evolving challenges within the Fintech space.

• Assist in the identification of compliance risks, red flags and help develop compliance risk controls and mitigation plans.

• Serve as the subject matter expert on data privacy-related laws, to assist in the continued improvement of company’s privacy program.

• Support cross functional teams in the ideation, development, review and update of the company’s products and related policies, processes and reporting.

• Conduct compliance risk assessments to identify potential areas of compliance vulnerability and risk; develop and implement corrective action plans for issue resolution.

• Drive execution of compliance objectives and goals.

PROFICIENCIES

• Proficiency in consumer lending, mortgage and commercial lending laws and regulations. Ideally, expertise should include handling matters involving:

• BSA/AML, OFAC, ECOA, EFTA/Reg E, UDAAP, FCRA, TCPA, FDCPA, MLA, SCRA, TILA, Reg Z and other federal and state lending, servicing, data privacy and data security laws and regulations, 

• Mortgage industry standards (e.g. FNMA, FHLMC, FHA, VA, HUD, and Fair Lending Guidelines) and lending guidelines (e.g. Conventional, FHA, VA, Non-QM, etc.

• Ability to analyze and interpret complex regulatory frameworks and to effectively design, implement and manage key compliance programs such as auditing, training, reporting and operations.

• Analytical and problem-solving experience with the ability to deep dive into the details while maintaining a strong focus on quality assurance of output. 

• Comfortable balancing multiple, competing priorities and changes in scope/direction with attention to detail and a high degree of personal accountability, quality, accuracy, integrity and trust.

• Experience with implementation and administration of GRC Software.

• Demonstrated change management knowledge and application.

EDUCATION AND EXPERIENCE

• Law degree (JD) required

• 8+ years’ experience in a compliance role in a Fintech, financial services firm or bank, with extensive knowledge of the regulatory environment in consumer lending, mortgage, commercial lending, payments, privacy, and cybersecurity.

• Entrepreneurial mindset and the demonstrated ability to work cross-functionally and collaboratively with internal stakeholders.

• Exceptional written and verbal communication skills.

• Exceptional leadership and relationship management skills.

• Strong critical and analytical thinking, decision making, and innovative problem-solving skills.

• Ability to adapt in challenging and changing situations, comfortable dealing with ambiguity and uncertainty.

• Ability to prioritize and handle multiple projects across multiple business units at one time

• Training in process management methodology (e.g., Sigma certification) preferred.

SALARY

• $170,000 - $200,000/annually, depending on experience and location.