Head of Compliance

HEAD OF COMPLIANCE

Current is a leading U.S. fintech serving people who have been overlooked by traditional banks and one of the fastest growing companies with nearly 4 million members. Headquartered in NYC, our results-driven environment enables us to build better products, grow faster and empower everyone on our team to have an impact on our business and our mission to improve financial outcomes for our members.  

ABOUT THE ROLE:

We are looking for a Director of Compliance to join our team. In this role you will lead Current’s consumer compliance program and evaluate existing regulations, perform compliance risk assessments, provide regulatory guidance on existing products and new product development, and advise on platform development in response to changing regulations. 

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

ABOUT YOU:

• 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

This role has a base salary range of $180,000 - $270,000 . Compensation is determined based on experience, skill level, and qualifications, which are assessed during the interview process. Current offers a competitive total rewards package which includes base salary, equity, and comprehensive benefits.

BENEFITS:

• Competitive salary 
• Meaningful equity in the form of stock options 
• 401(k) plan
• Discretionary performance bonus program 
• Biannual performance reviews
• Medical, Dental and Vision premiums covered at 100% for you and your dependents 
• Flexible time off and paid holidays 
• Generous parental leave policy
• Commuter benefits 
• Fitness benefits
• Healthcare and Dependent care FSA benefit 
• Employee Assistance Programs focused on mental health 
• Healthcare advocacy program for all employees 
• Access to mental health apps 
• Team building activities
• Our modern Chelsea-based office with open floor plan, stocked kitchen, and catered lunches