Manager, Risk Operations and Compliance

Octane® is revolutionizing recreational purchases by delivering a seamless, end-to-end digital buying experience. We connect people with their passions by combining cutting-edge technology and innovative risk strategies to make lifestyle purchases - like powersports vehicles, RVs, and OPE - fast, easy, and accessible.

Octane adds value throughout the customer journey: inspiring enthusiasts with our editorial brands, including Cycle World® and UTV Driver®, instantly prequalifying consumers for financing online, routing customers to dealerships for an easy closing, and supporting customers throughout their loan with superior loan servicing.Founded in 2014, we’re a remote-first company with 550+ employees and over 30 OEM and 4,000 dealer partners.

We are seeking a Manager, Risk Operations and Compliance to lead the development and implementation of a robust Risk Control Self-Assessment (RCSA) and Risk & Control Matrix (RCM) program to identify, evaluate, and mitigate risks across the organization. This role involves designing control frameworks, addressing control gaps, conducting compliance testing, and implementing effective monitoring programs to ensure processes operate as intended. Collaborating with cross-functional teams, including Legal, Compliance, and Operations, the candidate will support regulatory adherence, enhance business processes, and ensure compliance is embedded in decision models and credit policies. Responsibilities include leading testing programs like Octane, performing root cause analysis, developing remediation plans, and creating KRIs and KPIs. Additionally, the role requires project management of compliance initiatives, troubleshooting control reporting systems, and ensuring policies and procedures align with regulatory standards.

Responsibilities: 

• Lead and support the development of the Risk Control Self-Assessment (RCSA) and a Risk & Control Matrix (RCM) program to properly identify Risks across the organization
• Ensure proper identification of Risks, Controls, Control gaps, Control Design and Control testing is built and implemented across the organization
• Ensure the Risk and Control/Compliance Testing program properly evaluates the firm's compliance with applicable laws and regulations and to help ensure that control gaps are adequately escalated and mitigated through remedial actions
• Lead the development of the Octane testing program including testing modules, test scripts, sample methodologies, reporting results and action plans
• Assist in development of proper monitoring programs to ensure controls and processes are working as intended
• Partner closely with peers to understand the process risks and develop process control reporting requirements
• Must be capable of determining the root cause of issues and develop effective remediation plans to mitigate the risks
• Can act as a Project Manager for Compliance related initiatives tracking business decisions and ensuring outcomes to meet regulatory standards
• Collaborate with cross-functional partners and Legal to design, implement, and support a regulatory compliant program
• Work closely with the Servicing, Collections and Credit Ops teams to support Octane business processes, decisioning models and credit policies while ensuring compliance is properly embedded and monitored for completeness and accuracy
• Experience in requirement gathering and analysis, working with stakeholders, workflows Business processing, Mapping and GAP analysis
• Provide risk & compliance advisory support on end-to-end processes
• Troubleshoot the process control reporting environment, database and reports
• Evaluate and fully understand current policies & procedures
• Provide root cause analysis for control gaps and/or control weaknesses
• Develop KRIs and KPIs

Requirements:

• Bachelor’s Degree (MBA is a plus)
• Minimum 7+ years of professional experience in Risk & Compliance (Fair Lending experience preferred) with background in compliance testing, audit or risk 
• 5+ years of direct data management and data controls testing and reporting experience.  Includes experience in the utilization of related technology tools
• Strong technical skills with programs such as Excel and PowerPoint, SAS, EG, SSMS, SAP Business Objects, Tableau, Power Bi
• Strong knowledge of regulations governing financial institutions
• ​​Experience in testing technical controls in financial institutions associated with compliance, SOX, audit, operational risk or related functions
• Experience in requirement gathering and analysis, working with stakeholders, workflows Business processing, Process Mapping and GAP analysis
• Ability to communicate complex regulatory concepts clearly and concisely to non-compliance individuals
• Experience working with consumer financial laws and regulations including but not limited to ECOA, TCPA, FCRA, TILA, UDAAP, FDCPA, EFTA
• Seeking a business process mapping expert to map the existing process, integration to various systems, where applicable regulations are required, policies, etc and identify gaps as well as identify data source from source systems to the target systems
• Familiarity with risk measurement approaches including development of Key Risk Indicators and thresholds and associated reporting and analytics tools (e.g., Tableau).
• Experience with a GRC tool (Orion, Archer, SAI360, etc.)
• Detail oriented, organized, energetic and action focused

Benefits

• Robust Health Care Plans (Medical, Dental & Vision)
• Generous Parental Leave
• Up to 5 weeks time off (self-managed)
• Retirement Plan (401k) with company match!
• Educational Assistance/Tuition Reimbursement up to $3K/year 
• Life Insurance (Basic, Voluntary & AD&D)
• Short Term / Long Term Disability
• Robust Ancillary benefits including accident insurance, hospital insurance, etc
• Wellhub (Gympass) Wellness Benefit
• Powersports Safety Benefit

Octane Lending is an equal opportunity employer committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected status with respect to recruitment, hiring, promotion and other terms and conditions of employment.

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