Affirm

Compliance Lead, Testing

Affirm • $115K — $180K *
US-AnywhereRemote in United States
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of experience in Compliance Testing or Audit.
  • Strong knowledge of financial services regulations and trends.
  • Proven track record in end-to-end compliance testing activities.
  • Excellent communication and relationship management skills.
  • Proactive problem solver with a creative mindset.
  • Strong project management and analytical skills.
  • Detail-oriented with exceptional organizational abilities.

Responsibilities

  • Perform ongoing compliance testing and report on adherence to regulations.
  • Collaborate cross-functionally with departments like Legal and Risk.
  • Support a fast-paced environment with tight deadlines.
  • Identify and propose improvements to compliance processes.
  • Coordinate compliance risk assessments and document results.
  • Serve as a regulatory compliance expert for new products.
  • Continuously enhance internal compliance processes.

Benefits

  • 100% health coverage for employees and their dependents.
  • Monthly stipends for tech setup and wellness options.
  • Flexible time off and generous holiday policies.
  • Employee stock purchase plan (ESPP) at a discount.
Full Job Description
About the role

Affirm's Compliance team implements a compliance program that enables Affirm to proactively adhere to regulatory requirements while also identifying and addressing potential regulatory issues that may arise. As a second line of defense, Compliance proactively partners with the business to support new products, markets, initiatives, change management, issue identification and remediation plans, and assessment/monitoring of third parties.

Affirm is actively seeking a Compliance Lead to support certain critical compliance management program elements. In this role, the Compliance Lead will help to administer Compliance's Testing Program. This includes completing reviews to ensure compliance with federal/state regulations, identifying gaps and deficiencies with regulatory compliance concerns, collaborate with cross functional partners including Legal, Operations, Product, Engineering and senior management to resolve identified issues and further build out our compliance program. This role will report to the Senior Compliance Manager and will be required to work independently and cross-functionally.

What you'll do
  • Perform ongoing compliance testing and reporting on adherence to compliance program and federal/state regulatory requirements.
  • Work closely and cross-functionally with multiple departments (Compliance, Legal, Risk, Product, etc.) while completing reviews.
  • Support a very fast paced business with tight deadlines while providing diligent and detailed work product.
  • Collaborate with management to identify improvements to current processes or propose new processes to strengthen internal controls.
  • Coordinate the execution of the compliance risk assessment and control inventory, including collecting and documenting results.
  • Serve as an expert in the area of regulatory compliance and how it applies to new and/or revised products and services.
  • Continuously improve internal compliance processes relating to the Compliance Testing Program.

What we look for
  • 5+ years of professional work experience in Compliance Testing, or Audit.
  • Knowledge of applicable laws, regulations, financial services, and regulatory trends that impact Affirm's business.
  • Experience in completing end-to-end compliance testing activities.
  • Strong communication and relationship management skills.
  • Inquisitive and proactive in proposing creative and effective solutions and ability to learn and adapt in a fast-paced environment.
  • Strong project management, critical thinking and analytical skills.
  • Excellent verbal and written communication skills with the ability to clearly present complex and sensitive issues.
  • Proficient computer navigation skills using a variety of software packages, including Google docs, word processing, spreadsheets, and presentations.
  • Must be detail oriented, thorough, and well organized.

Base Pay Grade - J

Equity Grade - 5

Employees new to Affirm typically come in at the start of the pay range. Affirm focuses on providing a simple and transparent pay structure which is based on a variety of factors, including location, experience and job-related skills. Base pay is part of a total compensation package that may include equity rewards, monthly stipends for health, wellness and tech spending, and benefits (including 100% subsidized medical coverage, dental and vision for you and your dependents.)

USA base pay range (CA, WA, NY, NJ, CT) per year: $130,000 - $180,000

USA base pay range (all other U.S. states) per year: $115,000 - $165,000

Please note that visa sponsorship is not available for this position.

#LI-Remote

Remote-first with flexibility built inAffirm is proud to be a remote-first company. Most roles can be done from almost anywhere within the country of employment. Some positions may occasionally require in-person work at an Affirm office, and a few are office-based due to the nature of the work. All new hires will be invited to attend an in-person onboarding experience.

Benefits designed for youOur benefits reflect our commitment to care, transparency, and flexibility. Here are a few highlights:
  • Health coverage at no cost: We cover 100% of premiums for employees and their dependents.
  • Spending stipends: Monthly stipends support your tech setup, and the ability to choose health and wellness options that are right for you.
  • Time off to recharge: Flexible time off and generous holiday calendars help you rest when you need to.
  • Own a piece of what you build: Our employee stock purchase plan (ESPP) lets you buy Affirm stock at a discount.

About Affirm

Affirm is a publicly traded financial technology company headquartered in San Francisco, United States. Founded in 2012, the company operates as a financial lender of installment loans for consumers to use at the point of sale to finance a purchase. Affirm was founded in 2012 by Max Levchin, Nathan Gettings, Jeffrey Kaditz, and Alex Rampell as part of the initial portfolio of startup studio HVF. Levchin, who co-founded PayPal, became CEO of Affirm in 2014. In October 2017, the company launched a consumer app that allowed loans for purchases at any retailer. The company announced a partnership with Walmart in February 2019. Under the partnership, Affirm is available to customers in-store and on the Walmart website. Affirm has partnered with e-commerce platforms including Shopify, BigCommerce, and Zen-Cart. On November 18, 2020, Affirm filed with the Securities and Exchange Commission in preparation for an initial public offering. On December 12, 2020, it was reported that Affirm had postponed its IPO. On January 13, 2021, Affirm became listed on NASDAQ with symbol AFRM, raising about $1.2 billion in its IPO. By the next day, the price of shares had doubled, making Levchin's stake worth about $2.5 billion. In May 2021, Affirm acquired Returnly, a financial technology service company, for $300 million.
Learn more about Affirm
Size
1,300 employees
Market Cap
$2.5 billion
Industry
Net Income
-$97.6 million
Founded
2012
Revenue
$617.1 million
NASDAQ

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