Full-Time

Senior Compliance Analyst

Posted on 9/9/2024

Credit Karma

Credit Karma

1,001-5,000 employees

Provides free credit scores and financial tools

Fintech
Cybersecurity
Financial Services

Senior

Charlotte, NC, USA

Category
Legal Consulting
Consulting
Requirements
  • Bachelor's degree and excellent academic credentials
  • 4+ years' experience in a financial services and risk/compliance related role. Fintech and/or insurance regulation experience, with an emphasis in fair lending, is a plus
  • Knowledge of and experience with consumer protection regulations such as FCRA, ECOA, UDAAP, and TILA
  • Experience with implementing or contributing to a compliance monitoring and testing program
  • Ability to succeed in a fast-paced, innovative environment and to provide credible challenges to business partners, as appropriate
Responsibilities
  • Develop and implement a robust fair lending and consumer protection compliance monitoring/testing program
  • Be a subject matter expert for relevant regulatory compliance risks and requirements
  • Identify risks and enhance various compliance-related processes as part of strengthening Credit Karma’s overall CMS
  • Provide support and assistance in managing Credit Karma’s risk and compliance obligations with their bank partner(s) including external audits, reporting requirements, and other oversight activities
  • Partner with relevant stakeholders across the business to ensure new and existing products and features stay in compliance with relevant laws and regulations
  • Identify and remediate compliance-related issues and/or potential violations

Credit Karma provides financial tools and resources to help individuals improve their financial health. The platform offers free access to credit scores, credit monitoring, and personalized recommendations for credit cards and loans, including options for cars, homes, and personal expenses. Users can track their credit status and receive alerts about changes, which helps them make informed financial decisions. Unlike many competitors, Credit Karma operates on a freemium model, allowing users to access a wide range of services at no cost while earning revenue through partnerships with financial institutions. The company's goal is to empower its members to achieve their financial goals and make a positive impact in the financial industry.

Company Stage

Acquired

Total Funding

$358M

Headquarters

Oakland, California

Founded

2007

Growth & Insights
Headcount

6 month growth

1%

1 year growth

2%

2 year growth

2%
Simplify Jobs

Simplify's Take

What believers are saying

  • Credit Karma's acquisition of Zendrive enhances its mobility risk intelligence capabilities.
  • AI-driven financial assistants trend could boost Credit Karma's user engagement.
  • Growing digital solutions adoption by SMBs presents opportunities for Credit Karma's financial tools.

What critics are saying

  • Increased competition from Walmart-backed FinTech One challenges Credit Karma's market share.
  • Intuit's AI-driven strategies may overshadow Credit Karma's offerings.
  • Integration of Zendrive's technology may pose service delivery challenges.

What makes Credit Karma unique

  • Credit Karma pioneered free credit scores, setting it apart in personal finance.
  • The platform offers a comprehensive suite of free financial tools and recommendations.
  • Credit Karma's freemium model attracts users while generating revenue through financial partnerships.

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