Compliance Specialist

Rainfall Ventures; United States; Remote; USD 90,000 - 130,000; Full time

Job summary

Novo is seeking a Compliance Specialist to join our risk and compliance team and apply data‑driven methods to assess regulatory requirements while communicating findings across the organization and with external stakeholders. This role supports innovative, compliant practices for underserved markets and helps balance innovation with risk management.

You will monitor compliance processes, develop programs, and perform testing and investigations.

Qualifications

• 5+ years of experience in audit, compliance, or risk management.
• Experience translating complex ideas and data into clear narratives for stakeholders.

Responsibilities

• Assist monitoring of the Compliance Portal to escalate approvals, inquiries, issues and enhancements; identify and implement improvements.
• Contribute to development and implementation of new compliance programs and enterprise‑wide initiatives.
• Research and assess new regulatory requirements to support risk assessments, written programs and testing.
• Execute tasks within timeframes while collaborating across multiple lines of business.
• Prepare reporting and provide updates to management and banking partners.

Skills

Audit

Compliance

Risk management

Data analysis

Stakeholder communication

Regulatory research

Tools

SQL

Job description

About the Role

We are looking for a Compliance Specialist that can engage in various areas of the risk and compliance team, who understands how to take a data‑driven approach to compliance, and how to effectively communicate across the organization and with external stakeholders to deliver. If you're passionate about finding the right balance of innovation and compliance for underserved markets, then we want to chat. Are you ready to revolutionize the small business banking industry with us?

Responsibilities

• Assist in the monitoring of the Compliance Portal, used to escalate approvals, inquiries, issues and enhancements of compliance and risk matters from other lines of business; identify, create, recommend, and implement new and/or enhanced practices.
• Contribute to the development and implementation of new and/or enhanced compliance programs and enterprise-wide initiatives.
• Research and assess new and proposed regulatory requirements (e.g., statutes, regulations, bulletins) to assist in the development of risk assessment, written program and compliance testing responsibilities.
• Execute tasks accurately within timeframes allotted while working collaboratively across multiple lines of business.
• Execute and enhance a framework for completion of reporting, including reports for management and banking partners.
• With minimal supervision, perform analysis, identify trends and follow up on opportunities of enhancement.
• Partner with other members of the risk and compliance team to query various data points leveraged for third‑party audit, internal compliance testing, risk assessment and other ad‑hoc needs.
• Support the design, maintenance, and organization of compliance reporting libraries, shared drives, and documentation repositories.
• Explore and quickly grasp new technologies and analysis tools.
• Perform control testing, document results and provide updates to the line of business, as necessary to ensure timely alignment with the annual testing schedule.
• Succinctly and clearly communicate complex fact patterns to others.
• Execute necessary investigations and draft response for incoming complaints delivered through regulatory and BBB channels.
• Provide support for responding to regulatory inquiries and examinations.
• Other duties, as assigned.

Requirements

• At least 5 years of experience in audit, compliance, or risk management.
• At least 3 years of experience supporting, partnering and interacting with internal business stakeholders.
• Experience translating complex ideas and data into clear, engaging narratives across multiple formats to key stakeholders.
• Understanding of compliance or risk management principles and interest in strengthening subject matter expertise across multiple compliance areas.
• Ability to work independently on complex assignments with strong analytical skills, attention to detail, and the ability to interpret regulatory information.
• Strong time management, organizational, and prioritization skills, with the ability to complete multiple concurrent tasks within close deadlines and a high degree of accuracy and detail.
• Ability to navigate ambiguity in a fast‑changing environment, being hands‑on and going beyond direct job responsibilities to help achieve success.
• Desire to be a reliable partner that collaborates with multiple business stakeholders across multiple lines of business.
• Excellent research and communication skills.

Nice to Have

• 2+ years of experience within Fintech or a Sponsor/Partner Bank.
• 1+ years scripting experience in SQL.
• Relevant coursework or certifications in compliance, risk management, or data analytics (e.g., CRCM or similar certifications).
• Experience working with data systems or reporting tools.