Compliance Manager
DailyPay · United States
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- Hybrid
- Full-time
- $120,000 / year
- United States
Job highlights
- Manage compliance program execution and risk assessments.
- Oversee consumer complaint management and analysis.
- Ensure third-party vendor compliance.
- Apply regulatory knowledge in fintech sector.
- Utilize analytical and project management skills.
About the role
About Us
DailyPay is transforming the way people get paid. As a worktech company and the industry’s leading on demand pay solution, DailyPay uses an award-winning technology platform to help America’s top employers build stronger relationships with their employees. This voluntary employee benefit enables workers everywhere to feel more motivated to work harder and stay longer on the job while supporting their financial well-being outside of the workplace.
DailyPay is headquartered in New York City, with operations throughout the United States as well as in Belfast. For more information, visit DailyPay's Press Center.
The Role
DailyPay is looking for a Compliance Manager to join our team. Reporting to the Director of Compliance, you will be responsible for executing key parts of our compliance program, partnering with cross-functional teams to enable our products to be fully compliant with evolving state and federal regulations. This role will enable us to operate within the highest standards of regulatory excellence.
If this opportunity excites you, we encourage you to apply even if you do not meet all of the qualifications.
How You Will Make An Impact
- Compliance Testing: Perform periodic compliance risk assessments and formal testing of controls across the organization, identifying potential areas of vulnerability and developing risk mitigation strategies.
- Complaint Management and Resolution: Design and oversee a robust program for management of significant consumer complaints, ensuring that feedback is categorized, investigated, and remediated in accordance with regulatory expectations and internal SLAs. You will also analyze complaint trends to identify systemic issues and partner with the Operations and Product teams to implement root-cause solutions.
- Third-Party Compliance Risk Oversight: Manage the compliance lifecycle for third-party vendors and partners, conducting initial due diligence, assessing partner compliance controls, and performing ongoing monitoring.
What You Bring To The Team
- Experience: 5+ years of experience in compliance, legal, or risk management within the Fintech or Financial Services industry, including legal services providers and consultancies.
- Enthusiasm and Flexibility: Forward-thinking mindset and excitement at the potential to transform compliance workflows using emerging technologies, including Artificial Intelligence (AI). You embrace the challenge of working on a nimble team where priorities may change on a dime and urgent needs may arise unexpectedly.
- Regulatory Knowledge: Strong understanding of financial regulations (e.g., UDAAP, Reg E, Reg P) and a keen interest in the emerging EWA regulatory space.
- Analytical Mindset: Proven ability to tackle complex and unprecedented challenges independently, in an analytical manner.
- Project Management: Excellent organizational skills with the ability to manage multiple high-priority projects simultaneously in a fast-paced environment.
- Communication: Exceptional written and verbal communication skills, with the ability to explain complex regulatory concepts to non-experts.
- Integrity: Unwavering commitment to ethical conduct and a passion for consumer protection.
What We Offer
- Exceptional health, vision, and dental care
- Opportunity for equity ownership
- Life and AD&D, short- and long-term disability
- Employee Assistance Program
- Employee Resource Groups
- Fun company outings and events
- Unlimited PTO
- 401K with company match
Key skills/competency
- Compliance Manager
- Risk Management
- Fintech Compliance
- Financial Services Regulations
- UDAAP
- Regulation E
- Regulation P
- Consumer Protection
- Third-Party Risk
- AI in Compliance
Skills & topics
- Compliance Manager
- Risk Management
- Fintech Compliance
- Financial Services
- Regulatory Compliance
- UDAAP
- Regulation E
- Regulation P
- Consumer Protection
- Third-Party Risk Management
- New York City
- Hybrid
- Compliance
- Legal
- Risk
How to get hired
- Tailor your resume: Highlight your 5+ years of fintech compliance or risk management experience, emphasizing regulatory knowledge (UDAAP, Reg E, Reg P).
- Showcase analytical skills: Demonstrate your ability to tackle complex challenges and manage multiple projects in a fast-paced environment.
- Emphasize AI enthusiasm: Mention your interest in using emerging technologies like AI to transform compliance workflows.
- Prepare for behavioral questions: Be ready to discuss your commitment to ethical conduct and consumer protection.
- Understand DailyPay's mission: Research DailyPay's role in the worktech and on-demand pay industry.
Technical preparation
Study UDAAP, Reg E, and Reg P regulations thoroughly.,Familiarize yourself with third-party risk management frameworks.,Research AI applications in compliance and risk.,Practice risk assessment and control testing methodologies.
Behavioral questions
Describe a complex compliance challenge you solved.,How do you ensure ethical conduct in your work?,How do you manage multiple urgent priorities?,Explain a complex regulation to a non-expert.
Frequently asked questions
- What is the work arrangement for the Compliance Manager role at DailyPay?
- The Compliance Manager role at DailyPay is a hybrid position, requiring some in-office presence in New York City, while offering flexibility. This arrangement allows for collaboration and team synergy while maintaining a degree of work-life balance.
- What specific financial regulations are most important for the DailyPay Compliance Manager?
- The Compliance Manager at DailyPay should have a strong understanding of UDAAP, Regulation E, and Regulation P. A keen interest in the emerging Earned Wage Access (EWA) regulatory space is also highly valued.
- How does DailyPay use technology in its compliance efforts for this role?
- DailyPay is a worktech company that embraces emerging technologies. The Compliance Manager role involves exploring and leveraging technologies like Artificial Intelligence (AI) to innovate and improve compliance workflows and risk management.
- What kind of experience is required for the Compliance Manager position at DailyPay?
- We require at least 5 years of experience in compliance, legal, or risk management, preferably within the Fintech or Financial Services industry. Experience with legal services providers and consultancies is also relevant.
- How does DailyPay support employee professional development for its Compliance Managers?
- DailyPay offers opportunities for professional growth through exposure to evolving regulations, emerging technologies like AI, and by fostering a culture of continuous learning within a nimble team environment.
- What is the reporting structure for the Compliance Manager at DailyPay?
- The Compliance Manager reports directly to the Director of Compliance. This structure ensures clear guidance and oversight in executing the company's compliance program and regulatory excellence.