Compliance Analyst

About Lili

Lili is an all-in-one banking app designed for small businesses. Combining banking services with real-time expense tracking, tax tools, and financial insights, Lili empowers small businesses with the tools they need to stay in control of their finances while saving time and money. Led by serial entrepreneurs with 20 years of fintech experience, CEO Lilac Bar David and CTO Liran Zelkha, Lili is backed by Group 11, Foundation Capital, AltaIR Capital, Primary Venture Partners and Torch Capital. Founded in 2018, Lili is headquartered in New York and serves customers in all 50 states. To learn more about Lili, visit Lili.co.

Innovation is in our DNA. It’s in our users’ DNA. We’re deeply humbled (and also running around screaming with joy!) to have been named one of the 50 Most Innovative Companies in the World in 2022 by @fastcompany, and ranked #1 in the Personal Finance Category.

Lili is seeking an experienced Compliance Analyst to join our team.

About the Role

• In this role you will be a part of the compliance team responsible for the company’s overall compliance with applicable state and federal rules, regulations, and statutory requirements, as well as industry standard practice.
• The role involves both interacting with various internal teams at Lili, as well as communicating with law enforcement, government agencies, and our partner bank.

Responsibilities

• Assist in executing the overall compliance management system including but not limited to the activities below
• Review and conclude AML Compliance system generated cases for possible suspicious or unusual activity and report such activity to the bank partner in order to comply with BSA/AML policy 
• Oversee and track federal, state, and local subpoenas, search warrants, court orders, and other requests from various relevant partie and respond to them in a timely manner
• Investigate customer complaints and compose and provide comprehensive responses
• Participate and contribute to periodic audits, reporting requirements, regulatory examinations and assessments.
• Assist with Know Your Customer (KYC) and Know Your Business (KYB) onboarding processes
• Act as business partner for any new feature/product design, including updating and validating existing compliance policies and liaising with relevant stakeholders
• Assist the Head of Compliance to perform risk assessments, create and manage controls inventory and conduct periodic testing to demonstrate compliance with various policies
• Help put together a vendor management program and monitor existing vendors as well as assist in onboarding new vendors in compliance with the program
• Create and maintain metrics and reporting related to all the activities included above
• Assign online compliance courses to relevant employees; manage employee course progress, send communications to employees, conduct quarterly course progress reporting/trend analysis, and perform an annual audit of online courses assigned to all employees and investigate all situations where discrepancies exist

Requirements

• At least 3 years of legal and/or compliance experience within the banking and/or fintech space. 
• Deep knowledge of core banking processes and key laws, regulations, guidance, and industry-standard practices
• Relevant BSA/AML experience at a fintech or a bank
• Ability to analyze complex compliance issues, identify practical compliant solutions and contribute to decisions that enable the business to grow while meeting regulatory requirements
• Excellent verbal and written communication skills, including the ability to convert complex regulatory concepts to an understandable format for other departments and functions.
• Strong analytical, problem solving and organizational skills
• Proficient in Microsoft Excel & Microsoft Word
• Excellent prioritization, organizational and analytical skills with an ability to manage processes with accuracy and attention to detail while adhering to tight deadlines
• Attention to details, an ability to multitask, work individually and as part of a team, establishing cooperative and collaborative working relationships.
• CAMS and/or CFE or similar preferred

Benefits

• Competitive salary
• Stock Options
• Health Insurance Benefits
• Vision Insurance
• Dental Insurance
• Retirement Account - 401(k) plan
• Paid Vacation and Sick Time