Product Compliance Associate

Gen Z is the generation of the side hustle. They’re creators. They’re freelancers. They’re investors. And they’re not afraid to take on challenges, especially when it comes to their finances - and we’re here for it.

Maximise your chances of a successful application to this job by ensuring your CV and skills are a good match.

Step is a next-generation financial services company building a better banking experience to help teens and young adults achieve financial independence and knowledge at an earlier age.

We’re on a mission to improve the financial future of the next generation by empowering teens to start their financial journey today.

Step is a well-funded Series C company that has raised more than $175M, focused on disrupting the banking industry through a differentiated mobile-first consumer experience.

Teens and families love our product . We eclipsed 1 million customers in just four months after launch and have now crossed 4 million customers.

If you’re looking to join a fast-growing company with a strong mission and vision that puts people first, we want to meet you!

Responsibilities :

• Support design, development, and go-to-market implementation of new products, features, and initiatives while ensuring compliance with applicable laws, rules, and regulations
• Act as primary expert and advisor on all Step product compliance matters
• Serve as counterpart and liaison on product compliance matters with bank partners to facilitate compliance and credit model reviews and approvals
• Analyze and summarize various regulatory developments and industry innovations impacting the business
• Stay informed and maintain a deep understanding of consumer protection, lending, and fintech regulations
• Collaborate with cross-functional teams (product, engineering, marketing, design, and risk) to support the launch and post-launch activities of new products and features
• Manage product compliance standards for all marketing internally and externally with banking partners and platform partners
• Oversee compliance training programs for employees
• Manage privacy and data security compliance
• Perform and support all product, marketing, and privacy compliance examinations, regulatory inquiries, audits, and risk assessments
• Conduct all vendor and critical subcontractor diligence and reviews
• Provide regular reports on compliance activities to senior management, regulators, and Step’s Board of Directors

We’re looking for someone who has :

• Bachelor’s degree with a minimum of five (5) years of proven and progressive experience; preferably in a compliance role with a financial institution or fintech
• Experience in consumer banking, lending, payments, and deposits
• Have extensive knowledge in financial / fintech regulations and network rule compliance within products including, but not limited to :
• TILA / Reg Z, ECOA / Reg B, FCRA, UDAAP, EFTA, SCRA / MLA, GLBA, COPPA
• SEC broker-dealer and investment advisory
• Credit model regulatory compliance
• All other applicable regulations and network rules
• Experience growing existing compliance infrastructure and internal controls
• Proven track record of successful cross-functional collaboration across internal stakeholders
• Ability to independently advance progress with limited oversight
• Superb verbal and written communication skills
• Strong analytical skills and impeccable attention to detail

Salary Range :

• Base pay salary range is $104,000-$156,000 and stock in early stage startup
• Starting salary will be determined by a variety of factors including job-related skills, experience, qualification, work location, and market conditions

Working at Step

• Competitive salary based on experience, with full medical and dental benefits
• High potential for growth
• Stock in an early-stage startup
• Flexible WFH and vacation policy
• Paid parental leave
• Employee referral program
• 401K plan

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