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Compliance Analyst
Location:
Chicago, IL
Description:
Company Description Kora is a leading neo-bank serving the Gen-Z college students. Here at Kora, you will have the opportunity to work with talented fintech enthusiasts to revolutionize the status quo of college student credit life. We use our proprietary machine-learning risk engine to provide convenient financing and banking solutions to the underserved market of college students. We care about our customers' future and believe that we can make a difference in advancing their financial well-being. We are a non-hierarchical team with a strong focus on execution and delivery. Being part of an exponentially growing company, you will get exposure to all aspects of our business and generate impact proportionally to your ability. We are dedicated to becoming the one-stop finance platform and welcome all talents who share our goal of disrupting the traditional lending markets through innovation. Position Description The Compliance Analyst ensures compliance with internal policies and procedures with respect to all federal laws, such as the U.S. Patriot Act, BSA/AML/OFAC, TILA (Reg. Z), FDCPA (Reg. F), ECOA (Reg.B), FCRA (Reg. V), UDAAP (Dodd-Frank Act), and state laws, by identifying and escalating any associated risks. This may include auditing and reviewing loan files and other operational functions. The role also will help with the completion of scheduled risk assessments of various high risk processes, routine periodic monitoring and testing, state licensing procurement, examinations, reporting and renewals, and may also include other tasks within the compliance management system framework as required. Incentives Competitive salary package ($65,000-$75,000 based on experience and location) Annual bonus based on individual and company performance Flexible work from home policy Comprehensive health, vision, and dental insurance Company provided MacBook Annual learning credit of $500 Free daily breakfast and a fully stocked kitchen (for those coming to the Chicago office) Daily afternoon snacks, and weekly happy hours (for those coming to the Chicago office) Position Responsibilities Remain current on all pertinent laws and regulations related to loan originations, servicing and state licensing requirements Assists with the completion of scheduled Risk Assessments and follow up to ensure completion of action items resulting from the assessment(s) Review and approve job aids, procedures and other correspondence to ensure compliance Complete monitoring and compliance testing activities in accordance with the approved schedule. Prepare reports of findings for management to review and respond. Present findings and responses to the Compliance Officer for review, consideration, and reporting to management committees Monitor and test the company's products and services to ensure compliance with federal and state laws and regulations both prior to launch and post-launch Document monitoring, testing, and auditing work performed as well as any findings Conduct follow-up with coworkers to ensure any compliance issues are remedied in a timely manner Assist with ongoing review, revision, and implementation of compliance policies, procedures, and practices Provide input for determining the root cause of findings identified during monitoring activities to assist the department with corrective action Assist with managing regulatory agency examinations and implementing any recommended corrective actions Assist with the development of regulatory compliance-related training material as needed Identify, report and escalate compliance risks, issues and control enhancements needed to mitigate risk Effectively and professionally interact with regulatory agency personnel and third-party partner banks, to include collection of examination information requests, addressing examination findings and discussing compliance processes and policies Carries out other duties as may be assigned or requested Education and Experience Requirements Four-year college degree 3+ years working knowledge in a compliance environment. Audit or business controls functional experience is desirable Minimum 3 years of relevant industry experience. Background in banking or FinTech organizations is preferable but not required CAMS and/or CRCM certification preferred Knowledge of the U.S. Patriot Act, Anti-Money Laundering and OFAC requirements, and prepaid card provisions from the Card Act and the CFPB Able to translate complex information into easy-to-understand, simple language Demonstrated knowledge of laws, rules and regulations applicable to loan origination and servicing including strong familiarity with state agency guidelines. Ability to read and understand regulatory compliance content Careful attention to detail Ability to manage shifting priorities and meet established deadlines Ability to work with cross-functional departments Strong communication skills; ability to work in a collaborative environment Ability to effectively communicate both in writing and verbally Proficient use of the internet and computer applications with strong knowledge of Microsoft Office (Excel, Word and PowerPoint) and Google (Sheets, Docs and Gmail) Job Posted by ApplicantPro
Company:
Kora
Posted:
December 26 2023 on ApplicantPro
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More About this Listing: Compliance Analyst
Compliance Analyst is a Other Jobs Analyst Job at Kora located in Chicago IL. Find other listings like Compliance Analyst by searching Oodle for Other Jobs Analyst Jobs.
Compliance Analyst is a Other Jobs Analyst Job at Kora located in Chicago IL. Find other listings like Compliance Analyst by searching Oodle for Other Jobs Analyst Jobs.