Best Egg is hiring a
Fair Lending Compliance Advisor

Summary

The job is for a Fair Lending Compliance Advisor at Best Egg, a financial platform offering personal loans, credit cards, and flexible rent. The role involves assessing fair lending risks, conducting analyses, and supporting the business in developing new products. The position requires 2-4+ years of experience in fair lending/fair banking and related consumer compliance.

Requirements

• 2-4+ years of combined fair lending/fair banking and other related consumer compliance experience in a consumer financial services or regulatory agency
• Must be familiar with all consumer financial protection regulations with specific focus in ECOA/Reg. B and UDAAP
• Familiarity with fair lending analytical techniques, including but not limited to raw disparity and regression analysis
• Superior organizational and communication skills, and the ability to handle multiple projects simultaneously in a deadline-oriented environment
• The ability to collaborate effectively and propose alternate solutions
• Must work well both independently and as part of a team
• Bachelor’s degree or equivalent experience required

Responsibilities

• Support and advise the business on fair lending risk in the development of new products, programs and services
• Maintain appropriate knowledge of fair lending laws and regulations, guidance, and other legal and regulatory developments
• Conduct thorough and detailed analyses, testing, and validation of fair lending risks
• Perform Fair Lending monitoring and data analysis primarily through interpretation and analysis of loan level data
• Review third party vendor’s compliance with fair lending policies, procedures, and practices
• Review policies and procedures, and consumer facing collateral, including marketing and disclosures for UDAAP and fair lending compliance
• Review and identify potential fair lending concerns related to consumer complaints
• Assist the business with issue remediation, complaint resolutions and formal responses from a UDAAP and fair lending perspective

Preferred Qualifications

JD/CRCM preferred

Benefits

• $70,000 - $80,000 a year
• This position is also eligible for an annual incentive bonus based on individual and company performance. Yearly incentive bonus target 20% of base salary
• Generous paid time-off plans including vacation, personal/sick time, paid short--term and long-term disability leaves, paid parental leave, and paid company holidays
• Multiple health care plans to choose from, including dental and vision options
• Flexible Spending Plans for Health Care, Dependent Care, and Health Reimbursement Accounts
• Company-paid benefits such as life insurance, wellness platforms, employee assistance programs, and Health Advocate programs
• Other great discounted benefits include identity theft protection, pet insurance, fitness center reimbursements, and many more!