Full-Time

Director – Compliance

Posted on 7/16/2024

Affirm

Affirm

1,001-5,000 employees

Provides buy now, pay later financing solutions

Fintech
Financial Services

Compensation Overview

$179k - $259kAnnually

+ Equity Rewards + Flexible Spending Wallets + Learning & Development Programs + Parental Leave

Expert

Remote in Canada

Category
Risk & Compliance
Legal & Compliance
Required Skills
Communications
Management
Marketing
Requirements
  • 10+ years of professional experience in Compliance, Risk, Audit, or Bank Regulatory (experience at a Big 4 professional services firm or a financial services or technology company is considered an asset)
  • A proven understanding of current applicable regulatory requirements and environment in Canada and within each Province.
  • Proven ability to remain up to date on the evolution of Canada’s regulatory environment
  • The ability to independently analyze complex issues and identify suitable solutions.
  • Experience collaborating and building positive relationships across a multinational organization [headquartered in the US], thoughtfully enforcing policies and Compliance Program, and raising issues to executive management.
  • Ability to influence, engage, and delegate across a matrixed organization.
  • Bachelor's degree or equivalent experience
  • Excellent organizational and relationship management skills
  • Experience working with GRC tools
  • Demonstrated experience as a key contributing member of a high performing team
  • Inquisitive and proactive in proposing creative and effective solutions
  • Strong project management, critical thinking, and analytical skills
  • Excellent interpersonal and communication skills
Responsibilities
  • You will work closely with internal partners (Compliance, Product, Legal, Engineering, etc.) to support the compliance requirements and end-to-end implementation of new markets, new products, regulatory change management, and strategic initiatives, as the compliance subject matter expert.
  • Maturing and maintaining an effective compliance culture across Canada to ensure compliance with applicable regulatory rules.
  • Track regulatory proposals and final rules to understand new risks, and communicate them to appropriate parties through the company.
  • Maintain and periodically update compliance risk registers and risk assessments as a foundation of the Canada Regulatory Compliance Program.
  • Maintain a monitoring program to determine whether risk is sufficiently managed.
  • Communicate the results of monitoring and reporting activities completed to internal partners and executives
  • Coordinate responses to regulatory supervision, audits, and actions taken to ensure deficiencies are corrected in a timely fashion.
  • Ensure that compliance and the business have in place, and maintain, up-to-date policies and procedures.
  • Track compliance issues through completion of corrective action, including validation testing.
  • Develop and implement a framework for regulatory compliance training and ensure that all staff receive appropriate training.
  • Advise the business on appropriate response to consumer complaints, and analyze trends and root causes of such complaints.
  • Ensure the oversight of third-party service providers identifies and addresses potential compliance risks.
  • Review and monitor Affirm and merchant marketing throughout Canada.

Affirm offers point-of-sale financing solutions as an alternative to traditional credit cards. It allows consumers to make purchases and pay over time through installment plans, often without hidden fees or deferred interest. Affirm partners with merchants to integrate its payment solutions into online and in-store shopping experiences, using user-friendly plugins and APIs. The company generates revenue from interest and fees on loans to consumers, as well as fees from merchants for offering its financing options. Affirm also provides a merchant dashboard for transaction processing and promotional tools to help businesses market these financing options effectively. The goal of Affirm is to empower consumers with flexible payment options while providing value to merchants in the e-commerce and retail markets.

Company Stage

IPO

Total Funding

$1.1B

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-4%

2 year growth

-10%
Simplify Jobs

Simplify's Take

What believers are saying

  • Affirm's partnership with Adyen expands its reach in North America.
  • Affirm's $4 billion partnership with Sixth Street boosts financial stability.
  • Affirm's BNPL services gain traction among high-income consumers.

What critics are saying

  • Increased CFPB regulation could raise compliance costs for Affirm.
  • Affirm faces competition from new entrants in the BNPL market.
  • Reliance on partners like Adyen and Apple poses potential revenue risks.

What makes Affirm unique

  • Affirm offers transparent installment loans with no hidden fees or surprises.
  • Affirm partners with over 2,000 merchants, including major retail brands.
  • Affirm's user-friendly APIs enable seamless integration with online and in-store platforms.

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Benefits

Spending wallets: Access tech, food, lifestyle, and family planning wallets for your expenses

Supportive communities: Get involved with our employee resource groups and community groups

Remote-first workforce: If your role is remote, you can set up shop anywhere in your home country

Generous time off: Take the time you need when life happens

Health benefits: Get a plan that fits your needs

Mental healthcare: Take care of your mind with great mental health programs

Parental leave: Birth and non-birth parents get 18 weeks paid leave. Plus, a 4-week return-to-work transition program, at full base pay.

Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family.

Away days: We offer 24 company-wide paid days off—which help our teams collectively pause to recharge.

Learning & development: Engage in exciting learning programs to level up your growth.

INACTIVE