Senior Compliance Officer

About Yendo

Hi there, we're Yendo, and our vision is to empower everyday people to build a stronger financial future. In less than 2 years, we’ve saved customers over $100 million in unnecessary interest and fees. We are using AI to unlock the $1.1 Trillion in vehicle equity trapped within cars owned by Americans in the form of a high limit, standard rate credit card for those traditionally excluded from mainstream financial offerings. Yendo Credit Cards have similar APRs to those issued for prime borrowers with no hidden fees or overdraft charges and help build their customers' credit score. Yendo's credit limits are 4x higher than cards typically available for non-prime borrowers.

Role Overview

Reporting to the Chief Compliance Officer, this position will focus on integrating with and advising the business on all things Compliance. This means proactively ensuring that Compliance requirements are integrated into new products and projects during development and helping minimize issues after launch. It means providing guidance and answering questions throughout the organization, and managing the implementation of necessary corrective actions when problems arise. This role sits where Compliance requirements meet business processes - it’s a big space.

You will also oversee much of Yendo’s control structure. You won’t be alone, but you will need a deep understanding of the risks we face as a secure credit card and what controls the business is using to care for those risks. This responsibility includes maintaining detailed documentation about controls and updating our internal systems as circumstances require.

This is a senior role, which means your day-to-day tasks will change constantly and are not limited in their scope. If something is broken, you can fix it. We usually have dozens of projects ongoing at once and we spend equal time laying the groundwork for the future and solving the problem of the day. This position can grow with your skills and abilities.

Responsibilities

• Build and maintain all elements of a strong, trustworthy compliance oversight program
• Liaison with each department to ensure Compliance requirements are understood and top of mind during product development
• Become an expert in business processes, understanding them from end-to-end
• Oversee the control framework, including building, documenting, and monitoring a system of risk mitigating controls
• Conduct Compliance-focused testing on high-risk processes, citing regulatory violations/recommendations/observations as appropriate
• Raise concerns with the Compliance CMS team for documentation and communication with needed parties
• Oversee timely implementation of corrective actions and remediation projects
• Assist in external audit and exam management
• Generally building, breaking, and fixing anything Compliance-related

Qualifications

• Minimum 8 years of relevant experience in financial industry compliance (at a Bank, FinTech or MSB)
• Strong compliance knowledge around state and federal consumer lending regulations, particularly as they apply to credit cards
• Ability to understand and communicate legal and regulatory concepts and convert them into relevant, practical business requirements and controls
• Self-motivated individual who is comfortable actively finding ways to add value and running multiple projects concurrently
• Proven experience collaborating with internal teams to implement compliance processes
• Comfortable working in a challenging, fast-paced environment with minimal guidance
• Strong interpersonal skills are essential

Valuable additional qualifications could include:

• Experience in early-stage startups
• Project management experience
• Passionate about financial inclusion and mobility
• College degree
• CRCM or other similar certification
• Technical knowledge (we work with a lot of developers)

Why join us

• You can make a real impact in the lives of our customers.
• 100 million Americans lack access to sustainable credit and are forced to use predatory loans like Auto Title, Payday, Pawn, and Personal Loans. Each year almost 25% of adults are excluded from the mainstream credit system, severely inhibiting their chances of accessing affordable borrowing, getting a mortgage, or even an auto loan.
• Our executive team previously built a business that scaled to $100M ARR and has extensive experience in collateralized lending in under-developed credit markets.
• We are backed by leading VCs, accomplished entrepreneurs, respected philanthropists, and founders from across the U.S. Our backers are the minds and investors behind the success of the Apple Card, Brex, Dave, Scribd, Parse, Canva, Robinhood, Flexport, Gusto, Reddit, Notion, LinkedIn, among others.
• Stage: Series B

Compensation & Benefits

• Competitive Compensation
• Equity
• Insurance
• 401K
• Unlimited PTO

Yendo’s core values

• Our customers are our compass - We prioritize our customers' needs in every decision, guiding our work to solve real problems and create meaningful solutions. We make a positive impact by enhancing their experiences and addressing what truly matters to them.
• Trust is earned, not assumed - We communicate openly, honestly, and with humility, earning trust through integrity and clarity in all interactions. By prioritizing straightforward communication and actions, we build strong relationships and ensure our intentions are always understood.
• Diverse perspectives, stronger outcomes - We serve diverse customers and believe that different perspectives make us stronger. Committed to equity, we value each team member, ensuring all voices are heard and respected. By fostering an inclusive culture, we empower fair and meaningful contributions to drive our success.
• Embrace Growth Together - We are drivers, we move with urgency, and we strive for excellence in everything we do. Our customers deserve the best, so we hold ourselves accountable to high standards. Through proactive ownership, thoughtful execution, and a commitment to bettering ourselves and our work every day, we deliver results that make a lasting impact.
• Own every outcome - Rooted in expertise and creativity, innovation is at our core. We challenge norms, push past limitations, and seek to redefine boundaries. Yesterday’s plan may be outdated given today’s information and by questioning assumptions and challenging one another, we stay agile and open-minded, turning every situation into an opportunity to delight our customers.
• Courage to challenge - Low ego, coaching, and mutual respect are the foundation of our teamwork. We empower each other and solve problems collaboratively without blame, creating a space for everyone to thrive and contribute to our collective success.

Key skills/competency

• Compliance Program Management
• Consumer Lending Regulations
• Credit Card Compliance
• Risk Management
• Internal Controls
• Regulatory Compliance
• FinTech Compliance
• Startup Environment
• Cross-functional Collaboration
• Problem-Solving