Senior Policy and Compliance Officer
Navy Federal Credit Union
Director, Fintech Compliance
Toast
full-time
Posted on:
Origin: • 🇺🇸 United States
Visit company websiteSalary
💰 $171,000 - $274,000 per year
Job Level
Lead
About the role
- Compliance leader managing compliance team supporting Fintech products
- Oversee the development and maintenance of product-specific compliance management programs within Toast’s Fintech Line of Business
- Direct the Fintech Compliance team to establish compliance management systems, mitigate key compliance risks, and remediate process and control gaps
- Serve as a compliance thought partner to Fintech business stakeholders in the design and implementation of products and product enhancements
- Guide Fintech Compliance team in product reviews to ensure regulatory compliance requirements are met
- Serve as compliance sponsor on compliance committees and escalate key compliance risks and issues to the Chief Compliance Officer and governing bodies
- Review results from compliance testing programs to identify themes or trends and mature the Fintech compliance program/framework
- Ensure product-specific regulatory changes are monitored, assessed, and communicated to business partners in a timely manner
- Oversee partner relationships and ensure obligations are met, including timely and accurate reporting and completion of partner reviews and required testing
- Maintain state money transmitter licenses and compliance with associated requirements
- Reports to the Chief Compliance Officer
Requirements
- Bachelor’s Degree required
- CRCM preferred
- CAMS (nice-to-have)
- Strong knowledge of financial laws and regulations, including CFPB regulations (Reg B, Reg E, Reg P, Reg Z)
- Knowledge of federal and state consumer protection laws (UDA(A)P, CAN SPAM, TCPA)
- Knowledge of laws and industry best practices related to commercial and consumer credit, prepaid debit cards, and electronic funds transactions
- Knowledge of money transmitter laws, and card association and payment network rules
- Direct experience leading compliance programs for financial products and services (payment processing, money transmission, banking products)
- Experience with commercial and consumer credit, purchase financing, deposit accounts, debit/credit/stored-value cards, bill pay services, earned wage access
- Typically requires 15+ years of related experience with a Bachelor’s degree; or 12+ years with a related Master’s degree
- 10+ years of experience in a compliance, risk, or audit role at a financial institution providing commercial and/or consumer non-investment banking products (Fintech or payments industry preferred)
- Experience maintaining fintech-oriented frameworks, bank partnerships and third party vendor programs
- Familiarity with operational processes and regulations related to banking products
- Ability to work well with ambiguity and synthesize large amounts of complex information
- Strong communication skills (both written and verbal)
