About Figure
Figure is maximizing the value of homeownership in ways that benefit consumers and the industry alike. We’re helping homeowners tap their liquidity easily, efficiently and reasonably for purpose-driven, significant expenditures – everything from dream home renovations and debt consolidation to small business formation.
In seven years, we’ve become the country’s #1 non-bank HELOC lender. As a financial technology firm operating at the intersection of regulation and transformation, we’re a “unicorn” – a group of fewer than 1000 companies globally that is valued at $1B or more and has been in operation for less than ten years.
Our mission requires us to have a creative, team-oriented, and supportive environment where everyone can do their absolute best. We are motivated, innovative, collaborative, and curious. We value individuals who bring a problem-solving mindset to every task. Every day at Figure is a journey in continuous learning combined with a focus on getting work done that makes a difference. Join us!
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Figure Series D Announcement
About the Role
Figure Lending is seeking a highly motivated and experienced individual to join Figure Lending’s Legal and Compliance department and provide leadership support in building and implementing a top-class, highly effective compliance program. The Chief Compliance Officer of Figure Lending will lead the Lending compliance team and oversee the related compliance and regulatory functions. The Chief Compliance Officer of Figure Lending will assume primary responsibility for assuring compliance with federal and state rules/regulations as well as effectively manage and mitigate risk, establish proper controls, and protect Figure Lending from legal and regulatory risk.
What You’ll Do
- Manage and oversee the compliance functions for Figure Lending compliance program.
- Lead a team of qualified compliance professionals (8 employees).
- Serve as the Compliance resource for the building of new products and maintenance of existing lending including conducting regulatory research as necessary, drafting disclaimers and disclosures, conducting testing, and reviewing application flows and product processes.
- Serve as the primary point of contact for regulatory examinations and inquiries, external audits, and third-party diligence requests, including for CFPB, SEC, FINRA, and state regulatory bodies.
- Partner with the Legal team on all components of product counseling.
- Drive corrective action processes across all products, including collaborating across business units to resolve and document issues and implement appropriate corrective action plans in response to regulatory, testing, or audit findings.
- Develop compliance risk assessments to address legal and regulatory risks for associated compliance programs.
- Maintain the company’s Compliance Management System, including oversight of the following areas: policies and procedures; training; monitoring and testing; complaints; regulatory change management; vendor management; reporting; and Fair Lending.
- Review and approve marketing materials and other public communications.
What We Look For
- 10+ years of relevant experience at a bank, credit union, nonbank lender, and/or regulatory agency
- 5+ years of senior broker-dealer compliance experience in a compliance department of a registered broker-dealer
- Experience at a public company, specifically in the Fintech sector, is preferred
- Preference for a licensed attorney, with at least one state bar
- Thorough knowledge of state lending, TILA/Regulation Z, ECOA/Regulation B, FCRA, FACTA, BSA/AML, UDAAP, and GLBA, BSA/AML, Regulation E, crypto lending, crypto exchange, Securities Act of 1933 (including Reg D), Investment Advisers Act of 1940, and other SEC/FINRA rules and regulations
- Exceptional communication skills (verbal and written), from novice to expert audiences and explanatory to advocacy circumstances
- Experience leading and managing legal or compliance employees
- Exceptional judgment and integrity
- Ability to work cross-functionally with ease
- Strong work ethic and high attention to detail
- Strong operational abilities with an eye for optimizing and improving procedures
Salary
- Compensation Range: $195,000-$265,000
- Quarterly 25% bonus target
- Equity stock options package
- This is the compensation range for the United States, actual compensation may vary based on individual candidate experience, location, or evolving business needs
Benefits
- Comprehensive health, vision, and dental insurance with 100% employer-paid premiums for employees and their dependents on select plans
- Company HSA, FSA, Dependent Care, 401k, and commuter benefits
- Employer-funded life and disability insurance coverage
- 11 Observed Holidays & PTO plan
- Up to 12 weeks paid family leave
- Continuing education reimbursement
Depending on your residential location certain laws might regulate the way Figure manages applicant data. California Residents, please review our California Employee and General Workforce Privacy Notice for further information. By submitting your application, you are agreeing and acknowledging that you have read and understand the above notice.
Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.
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What We Do
Figure has applied blockchain technology across a series of real-world applications that are delivering real and immediate value to everyday consumers across sectors, including loan origination, private company cap table and fund management, security markets and payments. Figure has and continues to develop innovative products and services that seek to bypass traditional incumbents within the financial services industry.
Simply put, Figure is delivering on the promise of blockchain technology. Over $15B in transactions have been conducted on the Provenance Blockchain, a layer 1 designed for financial services, built and deployed by Figure.
As one of the first lenders to fully use blockchain technology, Figure is driving adoption across the lending ecosystem and providing stakeholders the benefit of an immutable record of asset ownership on the Provenance Blockchain. Figure’s HELOC product has enabled over 85,000 households across 45 states to unlock a combined $6 billion in equity from their homes. These lines of credit give people the opportunity to fund home improvement projects, secondary education, and more.
Figure is a regulatory powerhouse, boasting over 200 lending, servicing and money transmission licenses, SEC approval as an Alternative Trading System, and FINRA approved broker-dealer status. While some fintech companies aim to compete with traditional banks, Figure has stuck to expanding use cases for blockchain in finance and creating tech-enabled solutions for deep financial change in the markets. The company's iterative approach to product development has helped it to meet the evolving needs of its customers.
Why Work With Us
Figure creates tech-enabled, cutting-edge solutions for deep financial change, meeting the evolving needs of its customers. As the only firm leveraging blockchain technology to create real-world applications and immediate value to everyday consumers, Figure is effectively bridging the gap between the digital asset and traditional finance spaces.
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