Compliance Manager
DailyPay · Minneapolis, MN
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- Hybrid
- Full-time
- $150,000 / year
- Minneapolis, MN
Job highlights
- Manage compliance program execution and risk.
- Oversee consumer complaint management and resolution.
- Conduct third-party compliance risk assessments.
- Apply 5+ years of Fintech compliance experience.
- Utilize strong analytical and communication 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
- Reg E
- Reg P
- Consumer Protection
- Third-Party Risk
- AI in Compliance
Skills & topics
- Compliance Manager
- Risk Management
- Fintech Compliance
- Financial Services
- Regulatory Compliance
- UDAAP
- Reg E
- Reg P
- Consumer Protection
- Third-Party Risk
- Legal
- New York City
- AI in Compliance
- Project Management
How to get hired
- Tailor your resume: Highlight compliance, legal, or risk management experience in Fintech/Financial Services.
- Showcase regulatory knowledge: Emphasize understanding of UDAAP, Reg E, Reg P, and EWA regulations.
- Demonstrate analytical skills: Provide examples of solving complex challenges independently.
- Express enthusiasm: Convey excitement for using emerging tech like AI in compliance.
- Prepare for interviews: Be ready to discuss managing multiple projects and complex regulatory issues.
Technical preparation
Study Fintech and financial regulations.,Review UDAAP, Reg E, and Reg P.,Familiarize with EWA regulatory space.,Understand AI applications in compliance.
Behavioral questions
Describe a complex compliance challenge you solved.,How do you manage multiple projects simultaneously?,How do you explain complex regulations to non-experts?,How do you approach identifying compliance vulnerabilities?
Frequently asked questions
- What are the primary responsibilities of a Compliance Manager at DailyPay?
- The Compliance Manager at DailyPay is responsible for executing key parts of the compliance program, including conducting risk assessments and control testing, managing consumer complaint resolution, and overseeing third-party compliance risk.
- What specific financial regulations is a Compliance Manager expected to know at DailyPay?
- A strong understanding of financial regulations such as UDAAP, Reg E, and Reg P is required, along with a keen interest in the emerging EWA regulatory space.
- What kind of experience is preferred for the Compliance Manager role at DailyPay?
- We are looking for candidates with 5+ years of experience in compliance, legal, or risk management, specifically within the Fintech or Financial Services industry.
- Does DailyPay encourage the use of new technologies in compliance roles?
- Yes, DailyPay has a forward-thinking mindset and is excited about transforming compliance workflows using emerging technologies like Artificial Intelligence (AI).
- What is the compensation range for the Compliance Manager position at DailyPay?
- The compensation range for this role is $100,000 - $150,000 annually.
- How does DailyPay handle employee complaints or issues related to compliance?
- DailyPay designs and oversees a robust program for managing significant consumer complaints, ensuring they are investigated and remediated according to regulatory expectations and internal SLAs. Complaint trends are analyzed to identify systemic issues and implement solutions.
- What are the key benefits offered to employees at DailyPay?
- DailyPay offers exceptional health, vision, and dental care, opportunity for equity ownership, life and disability insurance, an Employee Assistance Program, Employee Resource Groups, fun company events, unlimited PTO, and a 401K with company match.