Compliance Analyst

Job Description

Job Description

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 set of products offer capital-as-a-service for online platforms. Parafin currently powers the capital programs for platforms and payment processors ranging from Series B to post-IPO companies such as DoorDash, Amazon, Worldpay, Mindbody, Fullsteam, Guesty, Xplor, and Quilt.

We are a tight-knit team coming from organizations such as Stripe, Square, Plaid, Coinbase, Robinhood, Affirm, Uber, and CERN, and are excited both about helping small businesses grow and thrive, and build products that leaders at top companies have started to use every day to grow their platforms.

We are backed by prominent venture capitalists such as Ribbit Capital, Thrive Capital, GIC, Index Ventures, Green Oaks Capital, and SV Angel and have raised more than $94M in equity and $200M in debt.

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.