Kabbage is a leading FinTech company changing the way small businesses solve cash-flow challenges. Fully automated and deeply connected with its 185,000+ customers, Kabbage provides access to funding in minutes, extends more than $10 million every day to small businesses, and powers borrowing experiences for some of the largest companies in the world. While we've received numerous awards and recognition—such as Entrepreneur's Top Company Cultures, Inc Magazine's Top Private Companies, Glassdoor's Best Places to Work, and Forbes FinTech 50—it is our people, our culture, and our leaders that make Kabbage such a great place to work.
At Kabbage, we strive to be the place where a diverse mix of talented people want to come, to stay, and do their best work. Our commitment to diversity and inclusion is reflected in our people, our partners, and our customers. We are fully focused on equality and believe deeply in diversity of race, gender, sexual orientation, religion, ethnicity, national origin and all the other wonderful characteristics that make us different.
The Head of Compliance will help lead and run the Regulatory and Compliance practice at Kabbage.
This includes leading oversight of and adherence to the Anti-Money-Laundering/Bank Secrecy Act, The USA PATRIOT Act, Office of Foreign Asset Control sanctions compliance, Foreign Corrupt Practices Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, FTC regulations, Telephone Consumer Protection Act, State Usury Laws, state licensing, Privacy laws, including General Data Protection Regulations, as well as compliance with current and emerging cybersecurity regulations.
What you'll be doing:
- Actively partner with business stakeholders to develop creative solutions and/or process improvements to ensure that new and existing loan products and programs comply with policies and procedures and applicable laws and regulations.
- Serve as a subject matter expert for compliance-related matters, which includes providing technical support to business stakeholders with regard to lending and payment regulations.
- Effectively interpret compliance laws and regulations and analyze their impact on existing policy and business practices.
- Develop and maintain policies and procedures to foster a culture of compliance; and perform ongoing risk assessments for such policies and procedures.
- Participate in and/or lead projects involving the implementation of systems used for the origination, servicing and collections of commercial loans; and new or expanding loan products, programs and delivery channels.
- Support external audits by bank partners, investors and other third parties
- Conduct risk-based internal audits of loan origination, servicing and collections activities to determine compliance with applicable state and federal laws and regulations and company policies
- Participate in the testing and validation of newly implemented or changing proprietary and third-party systems and technologies.
What we're looking for in you:
- Team builder: ability to effectively build, manage, and lead teams, particularly in a hyper-growth organization
- Strategic Thinking/Visioning: Able to see and communicate the big picture in an inspiring way; determines opportunities and threats through comprehensive analysis of current and future trends
- Collaboration: Work with a range of people from across the business and communicate effectively through all channels
- Honesty/integrity: Does not cut corners ethically; earns trust and maintains confidences; does what is right, not just what is politically expedient; speaks plainly and truthfully
- Flexibility/Adaptability: Adjusts quickly to changing priorities and conditions; copes effectively with complexity and change, especially in Regulatory and Compliance environments
- Accountability: holds self and others accountable
- Initiative: Actively finds ways to make improvements at work
What you should have:
The ideal candidate will be a highly-regarded professional with a proven record as a self-starter and team leader who is able to work with the business to develop and implement compliance solutions that are pragmatic, effective and forward-looking, anticipate risks and troubleshoot. The candidate will be able to work successfully with a diverse set of individuals and constituencies. In addition, the candidate should have the following:
- Minimum 10 years of compliance experience within the financial service industry
- Experience with Anti-Money-Laundering/Bank Secrecy Act (AML/BSA), The USA PATRIOT Act, Office of Foreign Asset Control (OFAC) sanctions compliance
- Experience with Foreign Corrupt Practices Act (FCPA)
- Experience with Privacy laws, including General Data Protection Regulations (GDPR)
- Experience with lending laws and regulations
- Understanding of Cybersecurity regulations
- Demonstrated experience with regulatory agencies, requirements, and/or regulatory compliance
- Understanding of data analytics and the use of technology in the compliance function
- The ability to identify and resolve business issues and to partner with business leaders as well as with other key functional areas such as Legal, Technology and Infrastructure Services, etc.