Gen Z is the generation of the side hustle. 💪🏻 They’re creators. 👩🎤 They’re freelancers. 🧑💻 They’re investors. 👩💼 And they’re not afraid to take on challenges, especially when it comes to their finances - and we’re here for it.
Step is a next-generation financial services company building a better banking experience to help teens and young adults achieve financial independence and knowledge at an earlier age. We’re on a mission to improve the financial future of the next generation by empowering teens to start their financial journey today. Step is a well-funded Series C company that has raised more than $175M, focused on disrupting the banking industry through a differentiated mobile-first consumer experience.
People love our product. We eclipsed over 5.5M million customers, and if you’re looking to join a fast-growing company with a strong mission and vision that puts people first, we want to meet you!
Role and Responsibilities
- Support design, development, and go-to-market implementation of new products, features, and initiatives while ensuring compliance with applicable laws, rules, and regulations
- Act as primary expert and advisor on all Step product compliance matters
- Serve as counterpart and liaison on product compliance matters with bank partners to facilitate compliance and credit model reviews and approvals
- Analyze and summarize various regulatory developments and industry innovations impacting the business
- Stay informed and maintain a deep understanding of consumer protection, lending, and fintech regulations
- Collaborate with cross-functional teams (product, engineering, marketing, design, and risk) to support the launch and post-launch activities of new products and features
- Manage product compliance standards for all marketing internally and externally with banking partners and platform partners
- Oversee compliance training programs for employees
- Manage privacy and data security compliance
- Perform and support all product, marketing, and privacy compliance examinations, regulatory inquiries, audits, and risk assessments
- Conduct all vendor and critical subcontractor diligence and reviews
- Provide regular reports on compliance activities to senior management, regulators, and Step’s Board of Directors
We're looking for someone who has
- Bachelor’s degree with a minimum of five (5) years of proven and progressive experience; preferably in a compliance role with a financial institution or fintech
- Experience in consumer banking, lending, payments, and deposits
- Have extensive knowledge in financial / fintech regulations and network rule compliance within products including, but not limited to:
- TILA/Reg Z, ECOA/Reg B, FCRA, UDAAP, EFTA, SCRA/MLA, GLBA, COPPA
- SEC broker-dealer and investment advisory
- Credit model regulatory compliance
- All other applicable regulations and network rules
- Experience growing existing compliance infrastructure and internal controls
- Proven track record of successful cross-functional collaboration across internal stakeholders
- Ability to independently advance progress with limited oversight
- Superb verbal and written communication skills
- Strong analytical skills and impeccable attention to detail
- Competitive salary based on experience, with full medical and dental benefits 💸
- High potential for growth 📈
- Stock in an early-stage startup 🤩
- Flexible WFH and vacation policy 🏝
- Paid parental Leave 🐣
- Employee referral program 👯♀️👯
- 401K plan 💪🏻
What We Do
It isn’t easy learning about money. Schools don’t teach you and families don’t always talk about finances. Traditional banks make it even harder to get ahead by charging fees for standard services like checking accounts, atm's and even spending cards.
Step is a next generation financial services company building the best banking experience to help teens and young adults achieve financial independence and knowledge at an earlier age. Step is founded by a team with 50+ years of combined financial technology experience. Our mission is to create a bank that gives you the tools to become smarter with your money and reward you along your financial journey.
Step gives you a free bank account with no monthly or hidden fees. Track your balance and see your transactions from the Step mobile app. You can also send and receive money instantly on your phone, shop with a personalized spending card and earn rewards for inviting your friends to Step.
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