Compliance Manager

New York, NY, United States

About Prime

Prime Financial Technologies is a software company with a mission to accelerate small businesses. At Prime, we harness advanced data science in credit decisioning to simplify and accelerate credit distribution to small and medium-sized businesses. Operating at the cutting edge of Embedded Finance and Ecosystem Lending, Prime's focus is on embedded lending, where sophisticated data analytics are utilized to sharpen the accuracy of pre-qualification and underwriting processes and also deliver financial solutions that are customized to the needs of businesses. Prime's integrations are designed specifically for marketplace and SaaS platforms, ensuring a seamless transaction experience for merchants and new diversified revenue streams for platforms. Our investors include Capital One and NEA.

Most join us because they connect with our mission of democratizing access to credit for small businesses. If you are energized by the impact you can make at Prime, we'd love to hear from you!

Position Location

This role is available in the following locations: NYC metro area, Bay Area, CA, or Los Angeles, CA.

Time Zone Requirements

The team operates in either East/West Coast time zones.

Travel Requirements

This team has regular onsite collaboration sessions. These occur several times per year and span consecutive days in the Bay Area, CA, Los Angeles, CA, or NYC office. If you need to travel to make these meetups, Prime will cover all travel related expenses.

How You'll Make an Impact

As our first Compliance Manager, you will play a pivotal role in establishing and maintaining a robust compliance program that aligns with regulatory requirements and industry best practices. You will collaborate closely with cross-functional teams to ensure that our business operations adhere to relevant laws, regulations, and internal policies.

What You'll Do

Compliance Program Development: Design, implement, and manage a comprehensive compliance program tailored to the unique needs of our fintech SMB Commercial lending business. This includes drafting policies, procedures, and controls to mitigate compliance risks effectively.

Regulatory Research and Analysis: Stay abreast of changes in regulatory requirements applicable to the fintech and lending industries. Conduct thorough research and analysis to assess the impact of new regulations on our business operations.

Risk Assessment and Management: Identify and assess compliance risks inherent in our products, services, and processes. Develop strategies to mitigate risks effectively while balancing business objectives.

Training and Education: Provide ongoing compliance training and education to employees across all levels of the organization. Foster a culture of compliance awareness and accountability.

Regulatory Reporting: Prepare and submit regulatory reports and filings accurately and in a timely manner. Ensure compliance with reporting obligations to relevant regulatory authorities.

Compliance Monitoring and Testing: Establish monitoring and testing protocols to evaluate the effectiveness of the compliance program. Conduct periodic reviews and audits to identify deficiencies and implement corrective actions.

Vendor Management: Oversee compliance-related activities of third-party vendors and service providers. Evaluate vendor compliance with contractual requirements and regulatory standards.

Incident Management and Resolution: Develop procedures for reporting and investigating compliance incidents and breaches. Take prompt corrective actions to address identified issues and prevent recurrence.

Establish Complaints Program: Develop approach for monitoring, tagging, and reporting complaints.

Collaboration and Communication: Collaborate closely with internal stakeholders, including Legal Operations, and Engineering teams, to ensure alignment on compliance initiatives and objectives. Communicate compliance-related updates and recommendations effectively to senior management.

What We're Looking For Minimum of 5 years of experience in compliance and risk management within the financial services industry, especially fintech Commercial lending.

In-depth knowledge of relevant regulatory frameworks, including but not limited to consumer lending regulations, Bank Secrecy Act (BSA), anti-money laundering (AML), and data privacy laws.

Strong analytical skills with the ability to interpret complex regulatory requirements and assess their impact on business operations.

Excellent communication and interpersonal skills, with the ability to effectively engage and influence stakeholders at all levels of the organization.

Proven track record of designing and implementing compliance programs and controls that align with industry standards and best practices.

Ability to work independently, prioritize tasks, and manage multiple projects simultaneously in a fast-paced startup environment.

High level of integrity, ethical judgment, and attention to detail.

Commitment to integrating our core values of Win the Day, Get out of the Building, Embrace the Unknown, and Excellence as a Habit in all aspects of your daily responsibilities and professional interactions.

Bachelor's degree preferred in Business Administration, Finance, Law, or a related field.

Advanced degree or professional certification in compliance (e.g., CRCM, CAMS) is a plus.

What You'll Love Competitive salary and equity grants

Top tier medical, dental vision insurance

Life insurance and disability benefits

Personal development, technology, and ergonomic Budgets

401K matching

Unlimited PTO, work from home flexibility, and parental leave

Transparent company culture and proactive communication via Weekly All Hands, Lunch & Learns, and monthly Founder AMAs

Senior team of experienced professionals highly motivated to solve tough problems and ship remarkable products

Join our growing team as we build out the next generation of lending infrastructure for small businesses.