VP of Compliance

Hi, we're Brigit! A holistic financial health company helping every American build a brighter financial future. With a business model that is aligned with our customers, we create transparent, fair, and simple financial products that put money back in the hands of our members, help them spend wisely, avoid unfair fees and build their credit quickly. If autonomy, ownership, and having meaningful input at the company you work for is important to you, come join our growing team!

Brigit is doing innovative and exciting work, but don’t just take our word for it, our work is being recognized by others:

• Built In’s 2023 Best Startups to Work For In New York City

• Fast Company’s Most Innovative Companies of 2022

• Forbes Fintech 50 2022

• Business Insider’s Most Promising Consumer Startups 2022

Role overview

The VP of Compliance is responsible for supporting the COO in building Brigit’s compliance function. The role includes working closely on understanding what is a fast paced regulatory environment and staying abreast of policy, while ensuring that Brigit remains proactive in managing these changes. In addition, this position will support monitoring and testing engagements including identifying findings, creating remediation plans and working with business partners to address identified deficiencies. This role will also support the annual risk assessment process for Brigit’s operations, review current policies and procedures and draft new ones as necessary. The successful candidate must have outstanding communication skills, an ability to anticipate and deliver on the needs of a fast-paced and innovative business, and the flexibility to simultaneously manage a wide range of projects. This position will report to the COO and work closely with the Head of Legal.

What you have

• 7+ years of Banking (preferably lending) and Compliance Experience

• 2+ years of experience at a Fintech company (preferably B2C) in a regulatory compliance role

• Specific compliance and regulatory knowledge relevant for consumer depository accounts, debit cards, and consumer credit 

• Experience working with product/technology partners to discover and establish requirements; implement product-related changes

• Solid understanding of the US Regulatory Framework and Alphabet Regulations, US Privacy laws and regulations

• Experience working on policy and regulatory affairs, staying on top of regulation and working with lobbyists as engagement on a state by state basis becomes necessary; comfortable working with regulators and policy makers

• Has a Compliance Testing, Bank Regulatory or Internal Audit Background

• Able to learn quickly and dissect complicated issues within a large and complex financial institution

• Solid understanding of US Privacy laws and regulations

• Ability to generate reports via Power BI or similar software

• CRCM Certification (a plus)

• JD/LLB/LLM (a plus)

What you’ll be doing

• Maintain, review, and operationalize compliance programs to adequately address the needs of a fintech, using data and technology whenever possible to efficiently implement policies, procedures, and monitoring activities

• Develop, manage, and update banking & lending compliance programs including: Privacy (GLBA and CCPA/CPRA) Regulation Z (Truth in Lending), Regulation E (Electronic Funds Transfers), Reg DD (Truth in Savings), state lending regulations, UDAAP, BSA, AML, and KYC

• Build a depth of understanding of our current and future products, and the compliance related issues 

• Collaborate with internal teams, external legal counsel, and bank partners to implement compliance risk management systems 

• Analyze and advise the team on changes in regulatory compliance laws, rules, and regulations, and evolve Brigit’s compliance frameworks as needed 

• Stay up-to-date on new federal and state laws that govern Brigit’s products and operations with regulators and lawmakers 

• Work with other companies in the formation of trade associations, collaborative research and other policy agendas that can help our industry thrive as it grows

• Develop scope, process flows, design evaluation, testing evaluations to ensure risk controls are implemented, functioning properly, and are being executed properly.

• Evaluate findings and formulating conclusions in written reports on compliance assessments, required schedules, worksheets and narrative materials.

• Lead the annual risk assessment process of applicable laws and regulations.

• Review policies and procedures on a scheduled basis and draft new ones as applicable.

• Evaluate marketing and advertising media for regulatory compliance

• Manage team of compliance analysts.

The anticipated annual base salary for this position is $180,000 - $210,000. This range does not include any other compensation components or other benefits for which an individual may be eligible. The actual base salary offered depends on a variety of factors, which may include as applicable, the qualifications of the individual applicant for the position, years of relevant experience, specific and unique skills, level of education attained, certifications or other professional licenses held, and the location in which the applicant lives and/or from which they will be performing the job.

Our Benefits & Team

• Medical, dental, and vision insurance

• Equity participation

• Flexible PTO Policy

• 401k plan

• Paid Parental Leave

• Monthly reimbursements to use against wifi and cell phone bills

• Annual reimbursement for Learning & Development

• Help hard working Americans build a brighter financial future

• High-growth company at an early stage

• A dynamic, flexible and collaborative start-up work environment with a highly talented team

Brigit is committed to providing equal employment opportunities for all applicants and employees without regard to race, religion, color, sex, pregnancy (including breast feeding and related medical conditions), national origin, citizenship status, uniform service member status, age, genetic information, disability, or any other protected status in accordance with all applicable federal, state and local laws. We are proud to be an equal opportunity workplace.