Compliance Manager

Summary

Join Brightwell, a pioneering payments company, as our Compliance Manager! In this remote, U.S.-based role (eligible states specified), you'll be the go-to expert for consumer prepaid card compliance and fraud mitigation. You will lead regulatory risk assessments, provide guidance on product development, and oversee compliance training. This position requires in-depth knowledge of consumer compliance and the ability to advise colleagues. The ideal candidate possesses strong leadership, analytical, and communication skills. Brightwell offers a comprehensive benefits package and a supportive, inclusive work environment.

Requirements

• Bachelor’s degree in a related field or demonstrated knowledge
• 5+ years of compliance experience with expert knowledge of relevant industry regulations and regulatory compliance
• 5+ years of experience working specifically with prepaid cards
• Advanced knowledge of federal laws, rules, and regulations, including Regulation E, Dodd-Frank Act, UDAAP, etc
• General understanding of federal supervisory guidance, including but not limited to letters, bulletins, manuals, handbooks, proposals, and statements from the Federal Reserve, OCC, and CFPB
• Proven experience in motivating teams, along with the ability to build strong rapport and establish trust and credibility through a consultative approach
• Robust planning, organizational, and analytical/problem solving skills

Responsibilities

• Identify current and emerging regulatory risks and develop and implement risk mitigation plans
• Provide subject matter expertise and guidance on consumer-facing financial regulations (Regulation E, Dodd Frank Act, UDAAP, etc.)
• Provide oversight of marketing and advertising programs, including approval processes and regulatory submissions
• Advise product and engineering teams on regulatory requirements related to new products and product enhancements
• Oversee the execution of risk assessment activities (ad hoc controls review, third-party risk management, risk and control self-assessment, and independent risk and audit activities)
• Handle inbound inquiries and audit/information requests from bank and remittance partners, other business units, and compliance related queries from customers
• Partner with our internal team, sponsor bank, banking partners, and remittance partners to grow and scale
• Oversee regulatory Compliance Risk Assessments (CRA) for line of business and/or legal entity products, including new products, current products, deal reviews, marketing, and contracts
• Conduct periodic training within the team and for the larger organization as required due to regulation
• Manage special projects and take on other duties as assigned
• Draft, update and enforce company policies to align with regulatory requirements
• Create compliance training materials for employees

Preferred Qualifications

Certified Regulatory Compliance Manager (CRCM) certification

Benefits

• Medical, dental, vision, disability insurance
• 401k
• Flexible spending accounts
• Parental leave
• Paid vacation
• Remote work