Compliance Analyst I

Summary

Join Affirm's growing UK Compliance team as a Compliance Analyst and play a pivotal role in shaping the future of consumer financial services. You will work closely with the Compliance Director, optimizing Affirm's offerings and ensuring regulatory compliance. Responsibilities include managing reporting and application portals, advising on regulatory matters, reviewing marketing materials, and supporting compliance training. The ideal candidate possesses 2+ years of experience in compliance within a consumer credit firm, ideally BNPL, and a strong understanding of UK regulations. Affirm offers a competitive compensation and benefits package, including 100% subsidized medical coverage, flexible spending stipends, and competitive time off.

Requirements

• Minimum 2+ years of professional work experience blended across compliance advisory, compliance monitoring in a consumer credit firm, ideally working within a BNPL firm
• Experience of working in a UK regulated environment, ideally a consumer credit Buy Now Pay Later (BNPL), consumer credit lender or equivalent
• Keen and willing to grow knowledge and skill in a Consumer Credit firm, ability to operate in a fast-paced environment while delivering detailed and diligent work
• Serve as a Compliance representative / advisor on regulatory compliance matters considering as it applies to new and revised financial products and the market within which Affirm operates
• Deliver working level knowledge of the latest regulatory changes, to include, but not limited to, Consumer Duty, The Senior Managers & Certification Regime (SM&CR) and the Appointed Representatives regime
• The ability to apply the knowledge in the context of the products and services being offered by Affirm, the market within which the firm operates and the firm's goals/aspirations
• Working knowledge of using FCA regulatory reporting systems, such as Connect and Reg Data is a must
• Experience working in a fast-paced office and remote working environment
• Experience advising revenue-generating stakeholder groups on compliance matters
• A strong interest in fintech and consumer financial protections
• Inquisitive and proactive in identifying problems and proposing creative solutions and ability to learn and adapt in a fast-paced environment
• Ability to work in a self-directed environment with excellent strategic thinking and problem-solving ability
• Outstanding verbal and written communication with the ability to clearly present complex and contentious issues

Responsibilities

• Work closely with the Compliance Director and Compliance team to optimise Affirm's offerings by supporting all compliance tasks that occur
• Take ownership of the firm's regulatory compliance reporting portal, understanding the reporting requirements upon the firm, and how to manage, input, record and collate that data
• Take ownership of the firm's regulatory compliance application portal, understanding the application process for applications the firm may wish to make. Manage, input, record and collate that data
• Provide the Compliance Director and relevant other colleagues with timely updates on any application or reporting obligation
• Identify where any anomalies in reporting or applications may exist within the processing, and direct requests to ensure timely resolution
• Assist with identifying and reporting on sources of data to support the firm's completion of regulatory returns within the required timeframes
• Take ownership and manage the day to day oversight of the firm's Appointed Representative (AR) framework, assist where required with conducting including initial due diligence on prospective merchants, undertaking onboarding checks, in life oversight, amendments and termination
• Support in the design and operationalising the firms in life Appointed Representative (AR) review programme
• Review and approve financial services marketing materials to ensure they comply with regulations and industry standards, capturing the review using the firm's record keeping system
• Work cross-functionally with departments such as Legal, Risk, Marketing and Product to complete reviews and address compliance
• Support in the development and maintaining of compliance training and reference materials and make suggestions for improvement
• Assist with the creation and input to a Horizon scanning process which actively monitors the regulatory and financial crime landscape, considering whether emerging or current changes may impact the market within which Affirm operates. Capture this information and suggest next steps in preparation of the firm's horizon scanning document. Capture key goals and actions and monitor these through the firm's Governance channels to finalisation

Benefits

• 100% subsidized medical coverage, dental and vision for you and your dependents
• Equity rewards offered by Affirm Holdings, Inc. (parent company)
• Monthly stipends for health, wellness and tech spending
• Health care coverage - Affirm covers all premiums for all levels of coverage for you and your dependents
• Flexible Spending Wallets - generous stipends for spending on Technology, Food, various Lifestyle needs, and family forming expenses
• Time off - competitive vacation and holiday schedules allowing you to take time off to rest and recharge
• ESPP - An employee stock purchase plan enabling you to buy shares of Affirm at a discount
• Remote work