Compliance Testing Lead

EMPOWER OVERVIEW

Empower is shaking up an outdated financial system by providing real opportunity for our customers: the opportunity to get the cash they need, to access fair credit, and to change their financial story. Today, we’re helping millions of people find financial security through machine learning models that evaluate creditworthiness using a more inclusive lens and mobile-first products: Cash Advance, Thrive line of credit, and Petal credit cards. Tomorrow? Creating even more financial paths for our customers (and their wallets) to succeed.

This year, Empower ranked #65 on Inc. 5000’s Fastest-Growing Private Companies list — our third year in a row cracking the top 100 — and was named by Forbes as one of the 25 Next Billion-Dollar Startups for 2024. Empower was also featured by Forbes on America’s Best Startup Employers list in 2023, and our Thrive line of credit product was named by Fast Company as one of 2022’s Next Big Things in Tech.

Empower is backed by Sequoia Capital, Blisce, and Icon Ventures. Ready to grow your impact and accelerate your career? Take a look at our open roles — we can’t wait to meet you.

THE EMPOWER WAY

Great Expectations: We come up with bold, audacious goals for ourselves and go all out for impact

Owner Mindset: We give every employee latitude to act independently, make smart choices, and move the business forward

Spirited Debate: We love skeptics and seek counter opinions to challenge our personal assumptions and expand our view

Customer Obsession: We listen to understand, empathize, and create a memorable, rewarding experience for our community

Inclusive Collaboration: We believe diverse teams make the best decisions, and we strive to give diverse voices a seat at the table

No Jerks Allowed: We value our relationships and take the time to build trust and connection and communicate respectfully

WHAT EMPOWER OFFERS

Competitive salary

Generous equity package

Full healthcare benefits

Technology expense reimbursement

Virtual first environment

JOB DESCRIPTION
Empower is seeking an experienced Consumer Compliance Testing Lead to drive execution of our enterprise-wide monitoring and testing plan. We’re looking for someone who knows the ins and outs of consumer protection regulations and how they apply to the deposit, early wage access, and consumer lending spaces. Our ideal candidate will bring creativity, thoughtfulness, and a high degree of organization and diligence to the role. We’re hiring strategic thinkers, not box checkers - compliance professionals who are excited to dive into our products, learn our business, and be strong ambassadors for the Compliance team. 
Empower is a remote-first company. We drive connectivity through regular company offsites. Travel for company offsites is expected at a minimum 2 times a year.
RESPONSIBILITIES

• Execute risk-based regulatory compliance testing and evaluate control design and effectiveness 

• Develop, implement, and own compliance risk monitoring dashboards

• Review policies, procedures, training materials, and various processes against regulatory requirements and industry best practices

• Prepare well-written, concise, and actionable testing reports and distill key findings and action items into management and board reporting

• Assist with the company’s compliance risk assessment process

• Support company and team-wide initiatives to further mature the Compliance program 

QUALIFICATIONS

• 5+ years of regulatory compliance experience, preferably in consumer lending

• Experience conducting compliance monitoring and testing, including preparing testing scripts and workbooks, pulling system data, and drafting concise, impactful reports

• Demonstrable expertise in consumer protection regulations, including ECOA, TILA, FCRA, SCRA, MLA, GLBA, FDCPA, UDAAP, among others 

• Ability to communicate complex regulatory concepts clearly and concisely to non-compliance individuals

• Aptitude and interest for leveraging new technologies and quickly adapting to new tools and systems

• SQL experience is a plus 

• Bachelor’s degree required
  

At Empower, we hire for people that push themselves to understand others and seek out ways to challenge their personal assumptions. Our hope is that by fostering such an environment, we strengthen our business and relationships by putting people first. We are committed to building a diverse, inclusive, and equitable workspace where everyone (regardless of age, education, ethnicity, gender, sexual orientation, or any personal characteristics) feels like they belong. Even if your experience doesn’t exactly match up to our job description, you should feel empowered to apply regardless!