The Principal Compliance Analyst ensures compliance for Banking as a Service offerings, leading strategic initiatives, collaborating across teams, and mitigating compliance risks.
Lead is a fintech building banking infrastructure for embedded financial products and services. We operate an FDIC-insured bank headquartered in Kansas City, Missouri. Additionally, we have offices in San Francisco, Sunnyvale, and New York City, where our technical, product, design, and legal teams operate.
We are built for a constantly evolving financial landscape, where new ventures and technological advancements emerge daily. Guided by a team of entrepreneurs and technologists with decades of experience navigating intricate banking and payments regulations, Lead blends regulatory and technological expertise to help our fintech partners scale their operations with compliance and creativity.
Simply put, Lead offers the essential attributes that every fintech seeks in a partner bank. First, unparalleled technical expertise from a distinguished team of developers with an extensive understanding of the banking and payments systems. Second, oversight expertise, automated compliance systems, and bespoke program management to navigate the ever-shifting regulatory landscape. Finally, a commitment to transparency and operational rigor to ensure everyone’s money does what it’s supposed to do.
Role Description: The Principal BaaS Compliance Analyst will play a critical role in ensuring that the organization’s Banking as a Service (BaaS) offerings comply with relevant regulatory requirements, industry standards, and internal policies. As a senior member of the compliance team, the Principal BaaS Compliance Analyst will provide strategic guidance, lead complex compliance initiatives, and collaborate with cross-functional teams to identify and mitigate compliance risks associated with BaaS platforms and operations.
In this role you will:
- Work closely with the Director of Compliance, Compliance Lead, other business lines, and Fintech partners to ensure consideration and accurate implementation of controls and processes necessary to meet regulatory compliance requirements
- Lead the compliance framework for BaaS operations, ensuring adherence to regulations and internal policies. Provide strategic guidance on compliance risks for BaaS products and services.
- Stay updated on relevant regulations and oversee timely regulatory filings and reports. Serve as a primary contact for regulators and auditors.
- Identify and mitigate compliance risks, collaborate with teams to implement internal controls, and conduct ongoing risk assessments.
- Create and update compliance policies for BaaS operations, and provide training to internal teams on regulatory requirements and best practices.
- Work with product, technology, and legal teams to embed compliance into the BaaS product development lifecycle and advise on compliance implications.
- Prepare regular compliance reports for senior management and maintain accurate documentation for audits and investigations.
- Perform all other duties as assigned.
Qualifications:
- 8+ years in compliance or risk management, particularly in BaaS, fintech, or banking.
- Have knowledge of applicable federal and state laws, regulations and guidance, including, but not limited to Reg E, UDAAP, TILA, ECOA, FCRA, SCRA/MLA, Regulation CC, TISA, and other federal consumer protection legislation and regulations
- Strong analytical, communication, and leadership skills.
- Ability to manage multiple projects and collaborate across teams.
- Eager to learn and achieve proficiency
- Ability to motivate and lead
- Are curious, have humility, are open to learning Thrive working in a fluid environment with high autonomy
- Love to collaborate to get to the best, most efficient outcome
- Embody the growth mindset and bring a self-driven and self-starter mentality to your work
What we offer:
- At Lead, we design our benefits to support company culture and principles, to foster an efficient and inspiring work environment, and to create the conditions for our team to give their best in both work and life
- Competitive compensation based on experience, geographic location, and role
- Medical, Dental, Vision, Life, 401k Matching, and other wellness benefits, including FSA, HSA and HRA
- Paid parental leave
- Flexible vacation policy, including PTO and paid holidays
- A fun and challenging team environment in a dynamic industry with ample opportunities for career growth
*Lead Bank is proud to have an inclusive culture committed to ensuring equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
*Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
*Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
*Pursuant to the Los Angeles County Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
*Our compensation reflects the cost of labor across several US geographic markets. The base pay for this position ranges from $110,000/year to $150,000/year. Pay is based on a number of factors including market location and may vary depending on job-related knowledge, skills, and experience.
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