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Compliance Analyst

Parafin

Parafin

IT, Legal
San Francisco, CA, USA
Posted on Tuesday, February 6, 2024

About Us:

At Parafin, our mission is to grow small businesses. Small businesses are the backbone of our economy, yet banks do not have their back. Parafin is a technology company that builds infrastructure which enables small businesses to get easy access to financial services via platforms they sell on.

Parafin's first product offers capital-as-a-service for online platforms. Parafin currently powers the capital programs of platforms ranging from Series B to post-IPO companies such as DoorDash, Amazon, and Worldpay. We are a tight-knit team of engineers and designers, coming from organizations such as Stripe, Square, Plaid, Coinbase, Robinhood, Affirm, Uber, and CERN, and are excited both about helping hundreds of thousands of small businesses grow and thrive, and building products that leaders at top companies have started to use every day.

We are backed by prominent venture capitalists such as Ribbit Capital, Thrive Capital, GIC, Index Ventures, Green Oaks Capital, and SV Angel.

About the Position

We are looking for a Compliance Analyst to join the Legal and Compliance team. You will be responsible for building and running the testing and monitoring program for Parafin's financial services products. We're looking for a true detective, someone who can sift through the data to determine if the program is functioning in alignment with our policies, procedures, and standards. We also want someone who is comfortable raising red flags if they find them or proving that there are no flags to discover. This person also knows that the job isn't done with the spotting of issues. They are a collaborative force, escalating where necessary and planning mitigations to put issues to rest.

If this sounds like you, come join us!

What You’ll Be Doing:

  • Building, designing, and operating testing plans to review the compliance of Parafin's financial services products

  • Monitor the health of the program and the compliance to Parafin's written policies, procedures, and standards

  • Proactively work through the data to generate your findings

  • Establish mitigation plans to complete permanent corrective actions on any issues discovered

  • Work with Parafin's bank partners to design annual testing plans, and build and share reports with the partners

  • Collaborate with your Legal and Compliance team mates and other Parafin colleagues to maintain program oversight

What We’re Searching For:

  • 5+ years of experience in regulatory compliance, business banking, or commercial card

  • Familiarity with BSA/AML/OFAC/KYC, UDAP/UDAAP, Fair Lending/ECOA, FDCPA, or customer complaint issues, and deeper subject matter in at least one or two of them

  • Dynamic multi-tasker who can juggle multiple priorities and complexities with ease

  • Comfort working across various business units and levels

  • Innovative problem solver

  • At home working with and in the data to perform your testing; in other words you don't need people to pull things for you, you feel at home yourself gathering what you need

  • Awesome communication skills, both written and verbal

We Prefer If You Have:

  • Project management experience

  • Exposure to bank regulatory audits and exams

  • Knack for solving regulatory compliance issues

  • Experience with bank partners and/or banking regulators

  • Business lending experience at a FinTech

  • Background working with multiple financial services products

What We Offer

  • Salary range: ​​$130k - $145k

  • Equity Grant

  • Medical, dental, & vision insurance

  • Unlimited PTO & work from home flexibility

  • Free lunches & snacks

  • Commuter benefits

  • Paid parental leave

  • 401(k)

  • Employee assistance program

If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please contact us.