Full-Time

Regulatory Response Associate

Confirmed live in the last 24 hours

Chime

Chime

1,001-5,000 employees

Online banking platform offering fee-free services

Fintech
Financial Services

Compensation Overview

$82.6k - $114.8kAnnually

+ Bonus + Equity Package

Mid

San Francisco, CA, USA

Hybrid work policy with in-office days and team/company events.

Category
Risk & Compliance
Legal & Compliance
Requirements
  • 3+ years experience in legal, compliance or regulatory affairs
  • B.A./B.S degree, paralegal certificate a plus
  • Excellent organizational, communication and relationship management skills with a very high attention to detail
  • Ability to work with team members at all levels while remaining proactive, resourceful, and efficient, with a high level of professionalism, collaboration and discretion
  • Ability to prioritize numerous requests under time pressure
  • Motivated to work independently and as an effective team member
  • Interest or experience in payments and/or lending a plus
  • Experience with the Nationwide Multistate Licensing System & Registry (NMLS) a plus
  • Experience working with regulatory agencies, company executives a plus
Responsibilities
  • Support management of supervisory examinations, inquiries, and investigations ensuring stakeholders are well informed and deliverables are completed
  • Assist with preparing notifications and forms related to any and all material changes to the company as required by state and federal regulations
  • Coordinate and prepare all regulatory reports, including license renewals, as required, accurately and in a timely manner
  • Support compliance with license maintenance requirements including surety bonds, license renewals, and regulatory reports, ensuring compliance with submission deadlines
  • Help the Legal and Compliance team create and implement tools and processes to increase efficiency and improve accuracy
  • Perform tasks effectively, with a team-oriented approach and strong attention to detail
  • Communicate key updates to internal stakeholders and manage expectations for key deliverables

Chime offers online banking services without physical branches, focusing on a fee-free experience. It allows customers to overdraft up to $200 on debit card purchases without fees through its SpotMe service and provides direct deposit for paychecks up to two days earlier than traditional banks. Chime does not charge monthly fees or minimum balance fees and offers a secured credit card to help improve FICO Scores. The company's goal is to empower customers to manage their finances effectively through accessible and user-friendly banking solutions.

Company Stage

N/A

Total Funding

$2B

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

7%

1 year growth

13%

2 year growth

15%
Simplify Jobs

Simplify's Take

What believers are saying

  • Chime's acquisition of Salt Labs and the launch of Chime Enterprise indicate a strategic expansion into the enterprise market, potentially increasing user growth through employer partnerships.
  • The introduction of MyPay, allowing early wage access, showcases Chime's commitment to innovative solutions that address the financial needs of everyday people.
  • Chime's focus on financial literacy and unique initiatives like Coloring Budgets and partnerships with cultural icons like T-Pain enhance its brand appeal and customer engagement.

What critics are saying

  • Regulatory changes affecting interchange fees and overdraft policies could impact Chime's revenue model, which heavily relies on these fees.
  • The settlement with the CFPB over delayed balance refunds highlights potential compliance and operational risks that could affect customer trust.

What makes Chime unique

  • Chime's entirely online platform eliminates the need for physical branches, offering a seamless digital banking experience unlike traditional banks.
  • The fee-free model, including features like SpotMe and early direct deposit, sets Chime apart from competitors who often charge various fees.
  • Chime's secured credit card that doesn't require a credit check provides a unique opportunity for customers to build credit, distinguishing it from other financial institutions.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Competitive salary based on experience

401k match plus the usual medical, dental, vision, life, and disability benefits

Generous vacation policy and company-wide Take Care of Yourself Days

Virtual events to connect with your fellow Chimers- think cooking classes, music festivals, mixology classes, paint nights, etc., and delicious snack boxes, too!