Director of Compliance

MaC VC; San Francisco (CA); Remote; USD 180,000 - 240,000; Full time

Benefits offered by this job

Remote Workplace

Unlimited Vacation Policy

Full Healthcare Benefits

401K Offered

Job summary

SoLo Funds, a VC-backed fintech, seeks a Director of Compliance to design and manage the company-wide compliance program. You will work hands-on with Legal, Product, Engineering, Data, and Operations, and with bank partners to identify and mitigate risks.

You will lead risk assessments, update AML policies, manage disclosures, and oversee audits and regulatory exams. This role requires deep expertise in consumer protection and financial services compliance.

Qualifications

• 8+ years in regulated financial services, consumer protection, fintech or audit/consulting in compliance/risk.
• Familiarity with consumer lending, payments, licensing or MSB.
• Expertise in AML/KYC, fraud, BSA rules and disclosures.

Responsibilities

• Design, implement and manage our company-wide compliance program.
• Manage risk assessments and periodic reviews.
• Update policies and procedures including AML and disclosures.
• Lead third-party vendor/due diligence and bank-partner oversight.
• Maintain data room for due diligence with partners/investors.
• Review disclosures (Reg Z/TILA) and internal controls.
• Lead projects to enhance compliance policies and systems.
• Interpret regulations and advise business units on application.
• Coordinate responses to internal audits and regulatory exams.
• Prepare trainings and reporting packages for governance and board.

Skills

Regulatory compliance

Financial services

AML/KYC

Communication skills

Governance knowledge

Education

Legal or compliance education

Job description

Director of Compliance

About SoLo Funds

SoLo Funds is a full-stack, AI-powered community banking platform, empowering financial autonomy for underserved communities. Launched in 2018 as an on-demand marketplace, SoLo enables its members to request and fund emergency loans—without predatory interest rates. We are VC-backed, supported by Techstars, and have strategic partnerships with Visa and Kiva. SoLo Funds is also a certified Benefit Corporation.

We arelooking for a Director of Compliance to join our growing team and help transform the digital lending space. Reporting to SoLo’s General Counsel, you will implement and optimize the SoLo Funds compliance program, partner with internal and external resources on compliance for cutting-edge fintech products, and lead and further develop a high-performing compliance program that is execution-focused and disciplined in approach. You will work at a hands-on level cross-functionally, especially with Legal, Product, Engineering, Data, and Operations teams, and with bank partners to identify, assess and mitigate risks across our product and organization.

What You’ll Do Day-to-Day

• Design, implement and manage our company-wide compliance program

• Manage, coordinate, and conduct periodic and annual reviews and risk assessments

• Implement and update applicable compliance policies and procedures, for example, maintaining SoLo’s AML policies and managing program requirements, including annual AML reviews and compliance with employee training

• Review and update existing policies and procedures in response to changes in the business or regulatory climate

• Lead third-party vendor/risk management and due diligence, including oversight of bank-partner relationships and fintech vendor compliance requirements

• Maintain data room for due diligence production to SoLo’s partners and investors

• Review and revise SoLo’s disclosures as needed (including loan agreement and Regulation Z/TILA disclosures)

• Lead projects relating to the enhancement of compliance policies and procedures, internal controls, and systems

• Assess, analyze, and interpret regulations and policies, and provide guidance to business unit partners and stakeholders, on the application of regulations and policies to the entirety of the organization

• Help manage and coordinate compliance responses to internal audit findings, including SOC and other audits, and regulatory exams

• Prepare and conduct internal trainings on an as-needed basis

• Coordinate and prepare reporting packages for internal governance committees as well as SoLo Funds’ Board of Directors

You’re a Great Fit if You’ve Got:

• 8+ years of experience in regulated financial services, consumer protection, e-commerce/fintech companies, or audit/consulting firms in the fields of compliance, risk management or internal controls.

• Familiarity with consumer lending, payments, state consumer lending licensing or MSB

• Expertise in AML/KYC, fraud, BSA rules and regulations, disclosures, debit accounts

• Strong presentation skills to manage diligence processes with our regulators and banks

• Experience with the development of governance, risk, and compliance programs

• Knowledge of the operations/requirements of various regulators overseeing the money services business (MSB), consumer lending licensing and lending space, such as FinCEN, and myriad state-level financial MTL regulators

• Strong knowledge of consumer protection regulations such as Regulation Z, UDAAP, Electronic Funds Transfer Act - Regulation E (including pre-authorized transfers rules), Fair Credit Reporting Act, CAN-SPAM, TCPA, Right to Financial Privacy Act, Privacy of Consumer Financial Information/Gramm Leach Bliley Act, California Consumer Privacy Act (CCPA), Unlawful Internet Gambling Enforcement Act and NACHA

You’re an All Star Fit if You’ve Got:

• A legal or compliance education

• Experience at a startup

Our Benefits

• Remote Workplace

• Unlimited Vacation Policy

• Full Healthcare Benefits

• 401K Offered