BaaS Compliance Analyst

Lead Bank is a chartered banking-as-a-service platform for builders and innovators. Despite broader economic headwinds, the continued proliferation of fintech companies and a 20x increase in fintech investment ($20.5 billion in 2020) signals that the market’s interest in embedding financial services products into their offerings is resilient and sustainable. Whether it’s a travel company that wants to offer credit for an expensive trip, a social network that wants to enable in-feed shopping solutions, or an ecommerce platform that wants to provide client rewards cards, the broader tech ecosystem has enjoyed a step-change in the sophistication, variety and complexity of client-facing products they can offer. This means that the underlying infrastructure powering those fintechs needs to evolve to meet these modern demands.

While fintech companies continue pushing boundaries, they have largely accepted that directly integrating with banks is costly, time-consuming and operationally burdensome. This frustration comes in many forms: gaps in technical acumen, product scalability, client risk appetite, and company culture. These gaps clearly illustrate the need for a new paradigm in banking technology. 

Lead Bank is bridging those gaps. We see a massive opportunity for a tech-savvy developer-focused bank to augment a sophisticated financial services platform with the compliance, regulatory, capital markets, and legal expertise required to help our clients succeed. Come join us on our journey. 

Role Description: Lead is seeking a dynamic, self-motivated compliance professional to join our Compliance Team. Lead views regulatory compliance as a key driver of innovation and this position presents a unique opportunity to play a foundational role in continuing to build and implement our forward thinking compliance strategy. 

The Banking as a Service ("BaaS") Compliance Analyst will be responsible for assisting the BaaS Regulatory Compliance Manager in the delivery of the Compliance Management System (CMS).  The role will have a primary focus in conducting day-to-day due diligence, monitoring and review related to the bank’s lending, deposit, and operational activities as it relates to the Bank’s Banking as a Service (BaaS) fintech partner programs. Further duties can be assigned at any time due to expanded activities from the bank, its partners, or regulators.      

• Work closely with the Head of Risk and Compliance, BaaS Regulatory Compliance Manager, other business lines, and Fintech partners to ensure consideration and accurate implementation of controls and processes necessary to meet regulatory compliance requirements 
• Maintain proficient knowledge of applicable federal and state laws, regulations and guidance, including, but not limited to, Reg E, TILA, ECOA, FCRA, SCRA/MLA, Reg CC, TISA, and other federal consumer protection legislation and regulations
• Review business unit and Fintech partner policies and procedures for adherence to laws and regulations and recommends changes based on risks identified or changes in laws and regulations
• Monitor compliance related Partner controls and key risk indicators to identify weaknesses, research issues, and makes recommendations for remediation where required
• Assist the business unit/Fintech partner in the development of action plans and corrective action associated with monitoring/review findings, as necessary 
• Develop effective working relationships with department employees, other business units, and Fintech partners
• Supportive resource to the business units for questions related to consumer protection laws and regulations
• Demonstrate the values of Lead Bank and set a personal example for team members to follow

• Minimum of 1-3 years’ banking experience
• Have knowledge of applicable federal and state laws, regulations and guidance, including, but not limited to Reg E, TILA, ECOA, FCRA, SCRA/MLA, Regulation CC, TISA, and other federal consumer protection legislation and regulations
• Demonstrate exceptional communication skills
• Ability to make judgements based on information provided 
• Ability to work and complete tasks with  minimal direct supervision
• Eager to learn and achieve proficiency 

• Are curious, have humility, are open to learning and approach your work with a growth mindset 
• Thrive working in a fluid environment with high autonomy
• Love to collaborate to get to the best, most efficient outcome
• Embody the growth mindset and bring a self-driven and self-starter mentality to your work

• At Lead, we design our benefits to support company culture and principles, to foster an efficient and inspiring work environment, and to create the conditions for our team to give their best in both work and life
• Competitive compensation, including opportunities for equity grants and cash bonus, based on experience, geographic location, and role
• Medical, Dental, Vision, Life, 401k Matching, and other wellness benefits, including FSA, HSA and HRA
• Paid parental leave
• Flexible vacation policy, including PTO and paid holidays
• A fun and challenging team environment in a dynamic industry with ample opportunities for career growth 

*Lead Bank is proud to have an inclusive culture committed to ensuring equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

*Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

**Our compensation reflects the cost of labor across several US geographic markets. Pay is based on a number of factors and may vary depending on geographical market location, job-related knowledge, skills, and experience. These ranges may be modified in the future.

Zone 1: $67,000 - $94,000 (SF/Bay Area, NYC, Seattle, LA)

Zone 2: $56,000 - $80,500 (Austin, Boston, Chicago, Denver, San Diego, DC)

Zone 3: $50,000 - $67,000 (Other US Metros)