Head of Compliance
Posted on 2/11/2023
INACTIVE
Current

201-500 employees

Financial technology platform providing banking services and products.
Company Overview
Current is a leading fintech platform in the U.S., dedicated to improving financial outcomes for its members through the use of advanced technology. The company differentiates itself by providing faster access to funds compared to traditional banking, and offering earning rates over 1x at participating merchants for Individual Current accounts. As a non-bank entity, it partners with FDIC member banks for banking services and Visa for debit and secured charge card services, ensuring a broad acceptance and secure transactions.
Financial Services
Data & Analytics

Company Stage

Series D

Total Funding

$399.6M

Founded

2015

Headquarters

New York, New York

Growth & Insights
Headcount

6 month growth

2%

1 year growth

12%

2 year growth

13%
Locations
New York, NY, USA
Experience Level
Entry
Junior
Mid
Senior
Expert
CategoriesNew
Legal & Compliance
Requirements
  • 7+ years of regulatory/consumer compliance experience, with experience serving in a compliance management function
  • Knowledgeable in credit card regulatory compliance and ensuring products and associated documentation conforms to regulatory obligations
  • Extensive knowledge in the law, regulations, and subjects applicable: BSA, TILA/Reg Z, Privacy, Complaints, Fair Lending, EFTA/Reg E
  • Experience developing the elements of a compliance program, including risk assessment, monitoring and testing planning, third party oversight, and compliance training)
  • Experience communicating compliance risks associated with product proposals and advising stakeholders on developing both customer-facing content and key operational controls
  • A strong understanding of consumer financial services with a strong preference for experience with a consumer financial technology company
  • Ability to manage a team and simultaneously handle multiple tasks and changing priorities in an efficient and effective manner
Responsibilities
  • Work with stakeholders to ensure compliance efforts are implemented, maintained, and governed effectively
  • Serve as Current's Bank Secrecy Act (BSA) Officer, implementing and overseeing Current's BSA/AML/OFAC Program
  • Act as subject matter expert on debit and credit card regulatory compliance and ensuring products and associated documentation conforms to regulatory obligations
  • Evaluate existing regulations, perform compliance risk assessments, provide regulatory guidance on new product development, advise on platform development in response to changing regulations, identify and develop monitoring and testing routines and partner with business leadership to address client inquiries
  • Maintain a compliance management framework by developing policies, procedures, training, and quality control processes
  • Regularly engage with bank partners as well as relevant regulatory entities as necessary
  • Develop and enhance compliance metrics and executive reporting