Risk Operations and Compliance Manager

Summary

Join Octane®, a remote-first company revolutionizing recreational purchases, as a Manager, Risk Operations and Compliance. You will lead the development and implementation of a robust Risk Control Self-Assessment (RCSA) and Risk & Control Matrix (RCM) program. This role involves designing control frameworks, conducting compliance testing, and implementing monitoring programs. You will collaborate with cross-functional teams to ensure regulatory adherence and embed compliance in business processes and credit policies. Responsibilities include leading testing programs, performing root cause analysis, developing remediation plans, and creating KRIs and KPIs. The ideal candidate possesses extensive experience in risk and compliance, data management, and regulatory knowledge.

Requirements

• Bachelor’s Degree (MBA is a plus)
• Minimum 7+ years of professional experience in Risk & Compliance (Fair Lending experience preferred) with background in compliance testing, audit or risk
• 5+ years of direct data management and data controls testing and reporting experience.  Includes experience in the utilization of related technology tools
• Strong technical skills with programs such as Excel and PowerPoint, SAS, EG, SSMS, SAP Business Objects, Tableau, Power Bi
• Strong knowledge of regulations governing financial institutions
• ���​Experience in testing technical controls in financial institutions associated with compliance, SOX, audit, operational risk or related functions
• Experience in requirement gathering and analysis, working with stakeholders, workflows Business processing, Process Mapping and GAP analysis
• Ability to communicate complex regulatory concepts clearly and concisely to non-compliance individuals
• Experience working with consumer financial laws and regulations including but not limited to ECOA, TCPA, FCRA, TILA, UDAAP, FDCPA, EFTA
• Seeking a business process mapping expert to map the existing process, integration to various systems, where applicable regulations are required, policies, etc and identify gaps as well as identify data source from source systems to the target systems
• Familiarity with risk measurement approaches including development of Key Risk Indicators and thresholds and associated reporting and analytics tools (e.g., Tableau)
• Experience with a GRC tool (Orion, Archer, SAI360, etc.)
• Detail oriented, organized, energetic and action focused

Responsibilities

• Lead and support the development of the Risk Control Self-Assessment (RCSA) and a Risk & Control Matrix (RCM) program to properly identify Risks across the organization
• Ensure proper identification of Risks, Controls, Control gaps, Control Design and Control testing is built and implemented across the organization
• Ensure the Risk and Control/Compliance Testing program properly evaluates the firm's compliance with applicable laws and regulations and to help ensure that control gaps are adequately escalated and mitigated through remedial actions
• Lead the development of the Octane testing program including testing modules, test scripts, sample methodologies, reporting results and action plans
• Assist in development of proper monitoring programs to ensure controls and processes are working as intended
• Partner closely with peers to understand the process risks and develop process control reporting requirements
• Must be capable of determining the root cause of issues and develop effective remediation plans to mitigate the risks
• Can act as a Project Manager for Compliance related initiatives tracking business decisions and ensuring outcomes to meet regulatory standards
• Collaborate with cross-functional partners and Legal to design, implement, and support a regulatory compliant program
• Work closely with the Servicing, Collections and Credit Ops teams to support Octane business processes, decisioning models and credit policies while ensuring compliance is properly embedded and monitored for completeness and accuracy
• Experience in requirement gathering and analysis, working with stakeholders, workflows Business processing, Mapping and GAP analysis
• Provide risk & compliance advisory support on end-to-end processes
• Troubleshoot the process control reporting environment, database and reports
• Evaluate and fully understand current policies & procedures
• Provide root cause analysis for control gaps and/or control weaknesses
• Develop KRIs and KPIs

Benefits

• Robust Health Care Plans (Medical, Dental & Vision)
• Generous Parental Leave
• Up to 5 weeks time off (self-managed)
• Retirement Plan (401k) with company match!
• Educational Assistance/Tuition Reimbursement up to $3K/year
• Life Insurance (Basic, Voluntary & AD&D)
• Short Term / Long Term Disability
• Robust Ancillary benefits including accident insurance, hospital insurance, etc
• Wellhub (Gympass) Wellness Benefit
• Powersports Safety Benefit