The tech sector has failed low-income Americans. Technology is generally built by people who have money, for people who have money. That’s because people solve the problems they understand, and with economic inequality only getting worse, most technologists don’t understand the lived experience of those with limited income. At Propel, we’re doing our part to change that. Our first app, Fresh EBT, is used by over 5 million families who get SNAP benefits (also known as food stamps) to manage their benefits, save money, and earn income. Now we’re building a new type of bank account specifically for people living on or near the safety net and we need your help!
We’re looking for a Senior Manager of Compliance, who is excited to lead compliance for the Providers card, to join our team! Our ideal candidate is an experienced leader who can strategize and execute simultaneously while building productive working relationships with key partners. This person will have the opportunity to build out the vision and team for our compliance function. This role is a fantastic opportunity to create change in the financial services landscape through influencing our strategy and operations.
Propel is a for-profit software company that holds its social mission at its core. Our investors include Andreessen Horowitz, the Omidyar Network, Kevin Durant, Serena Williams, and Nas.
We are strongly committed to hiring a diverse and multicultural team. We encourage applications from traditionally under-represented backgrounds, including those with direct experience with the Supplemental Nutrition Assistance Program or other government benefits.
- The opportunity to help scale a brand-new product
- Immediate opportunity to make an impact
- A get-stuff-done and fun and caring culture
- Meaningful work and a strong shared sense of mission
- Competitive compensation (including equity) and excellent benefits
- A dog-friendly office based in Downtown Brooklyn (with the opportunity to work remote past 2021)
What you’ll do:
- Lead our compliance risk program by staying up-to-date on relevant regulations, identifying compliance risks, and establishing processes and procedures to mitigate risk.
- Support a collaborative relationship with our bank partner, legal partners, and government regulators to ensure we meet their standards and expectations.
- Educate Propel employees on compliance and regulatory risks, and idealize how to successfully innovate around these risks.
- Enable product and marketing teams by serving as a Subject Matter Expert on the core concerns driving various external regulations and rules
- Partner with key internal partners to brainstorm innovative solutions that enable us to provide the best customer experience at scale, while still maintaining the highest standard of regulatory oversight
- Onboard and manage vendor relationships with respect to compliance and regulatory risk
What you have:
- 4+ years experience in financial services with direct experience or exposure to checking accounts and debit products
- 3+ years in a managerial compliance role
- Expertise in relevant regulations, importantly Reg E, BSA, and UDAAP
- The ability to strategically handle big picture company goals
- Strong people management and interpersonal skills
- Excellent written and verbal communication skills
- Motivated to work in a startup fintech environment with a focus on building a new compliance program (rather than managing an existing program)
- A customer centric attitude