Head of Risk and Compliance

A little about Copper Banking

We are a fast-growing and well-funded FinTech startup that has the rare opportunity to build a successful company and do some good in the world at the same time. We are looking for an exceptional Risk and Compliance leader to join our growing team.

Did you know that nearly 80% of adults in the U.S. live paycheck to paycheck? The problem starts early: there are 35 million teenagers in the U.S. that are not well-served by current banks and receive almost no financial education. For parents and teens, navigating the conversation around finances is both daunting and frustrating, making money the #1 cause of conflict between parents and teens within the home.

Copper Banking is the first of its kind, all-digital banking platform for teenagers and their parents. Copper teaches teens how to make smart financial decisions by developing patterned behaviors in a digital experience. Come join us to make a meaningful difference in people's lives!

What to expect in your role

You will be joining a small, tight-knit team that has built successful venture-backed businesses in the past, and are excited to do it again.

This position will be responsible for end-to-end compliance and risk controls for our banking and investing product. This includes all pieces of the compliance & risk process, including vendor selection, fraud oversight, platform requirements, rules, procedure, and recovery.

This role is fully remote (US only).

What you'll do

• Compliance Policy & Strategy
• Lead all aspects of the development, implementation, and oversight of programs that support effective risk and compliance management
• Follow written compliance policies, standards, and procedures for business activities
• Compliance Oversight
• Counsel staff and management on governance & risk management / oversight
• Work with regulated agencies and vendors to ensure compliance with applicable policies
• Fraud & Risk Policy & Strategy
• Develop the fraud strategy foundation and spearhead analyses to inform management and influence organization policies
• Track, communicate and draw insights from the performance of ongoing initiatives
• Develop internal policies, procedures as needed to govern and execute fraud and risk strategies
• Fraud Risk Oversight
• Create & own fraud management framework to oversee fraud loss KPIs
• Build a team to monitor and implement fraud mitigation efforts
• Define requirements to ensure product compliance as new features are launched
• Cross-functional engagement
• Build strong relationships with stakeholders across Operations, Engineering, Product, & Finance to turn insights into action.
• Develop and manage business practices that continuously incorporate analytics into operational execution.

What your experience looks like

• 10+ years banking and/or lending / securities experience, across compliance & fraud life cycle. Preferably within a regulated entity.
• Ability to identify key risks, mitigants, and appropriate action plans with Copper Departments.
• Ability to lead a compliance program, including coordination of activities across departments, training, policy development, risk assessments, & employee communication.
• Ability to design and develop fraud solutions, run and assess data analysis and recommend solutions.
• Experience in building and leading high performing teams.
• Experience creating reporting and dashboards for executive review.
• Analytical, relationship, and project management skills for driving large cross functional initiatives
• Deep domain experience in asset & liability banking products. Experience in fraud modeling and data management.
• Direct experience working with cross functional internal teams and external vendors to implement strategies and drive results
• A startup mentality: you understand that we have a lot to figure out and plans will change. You will roll with the punches and work with the team to help us overcome the challenges we will face

Benefits & Perks

• We offer competitive cash and equity compensation
• Health, dental, vision, and life insurance
• 401k with employer matching
• Paid time off
• Work/life balance
• Opportunity to be a part of a brand that is creating a new standard of financial services and entering at the ground floor of a fast growing, mission-driven company

Equal Opportunity

We are an equal opportunity employer committed to a diverse team. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability.