US Vice President, Compliance & Risk

As the US Vice President of Compliance & Risk at Zip, you will oversee the design and implementation of comprehensive compliance and risk management programs. This role involves ensuring alignment with consumer protection regulations, mentoring a high-performing team, analyzing regulatory risks, and collaborating with cross-functional teams to promote effective operational risk management and compliance strategies.

Candidates for the US Vice President of Compliance & Risk position at Zip should have over 15 years of experience in compliance and risk management within the financial services sector, particularly in consumer lending. A bachelor's degree is required, and a J.D. or relevant advanced degree is preferred. Experiential knowledge in federal and state regulations alongside certifications such as CRCM or CIPP is also beneficial.

The US Vice President of Compliance & Risk at Zip ensures regulatory compliance by acting as the primary contact for federal and state regulatory matters. This involves overseeing regulatory filings, collaborating with internal teams, and embedding enterprise risk management methodologies into operations to proactively identify, mitigate, and manage regulatory risks throughout the organization.

In the role of US Vice President of Compliance & Risk at Zip, you will be responsible for leading and mentoring a team committed to fostering a culture of risk awareness. You’ll drive talent development initiatives and lead cross-departmental collaborations while managing high-level regulatory and compliance reporting to senior management and boards.

Yes, the role of US Vice President of Compliance & Risk at Zip offers flexibility, allowing remote or hybrid work options. However, you are expected to attend monthly meetings at the NYC office to ensure strategic collaboration and team cohesion.

In approaching compliance and risk management, I prioritize staying updated with the latest regulations and industry practices. I enhance my knowledge by attending seminars and participating in professional networks. Additionally, I develop flexible compliance frameworks that can adapt to change, ensuring teams are trained on evolving standards while maintaining proactive engagement in risk identification.

I have extensive experience leading compliance teams that navigate U.S. federal and state consumer lending regulations such as Reg B, Reg Z, and Fair Lending laws. My approach has involved conducting thorough regulatory risk assessments, creating detailed compliance guidelines, and implementing training programs that ensure all staff understands and adheres to these regulations effectively.

Building a culture of risk awareness requires continuous education and open communication. I have implemented regular training sessions that highlight potential risks and compliance changes. Additionally, I encourage team members at all levels to discuss risk openly, fostering an environment where employees feel accountable for compliance and actively participate in identifying and mitigating risks.

I utilize a structured approach by preparing comprehensive but concise reports that highlight key compliance metrics, emerging risks, and remediation activities. Regularly scheduled updates and informal briefings allow for responsive communication. Building strong relationships with senior leaders ensures they are engaged and supportive of our compliance initiatives, which enhances overall accountability.

I assess operational risks through a combination of risk assessments and data analysis to identify vulnerabilities in processes. Mitigation strategies include developing robust controls and incident management protocols, alongside frequent testing and updates of our processes to address new risks as they arise within the financial services landscape.

My leadership style centers around collaboration and empowerment. I focus on providing team members with opportunities for professional growth, aligning their personal goals with organizational objectives. By fostering an inclusive, feedback-rich environment, I encourage my team to share ideas, take the initiative, and develop their skills in compliance and risk management.

For conducting regulatory audits, I prioritize a systematic approach that includes detailed planning, evidence collection, and stakeholder interviews. I utilize audit checklists tailored to relevant regulations, enabling thorough assessments. Post-audit, I work with teams to create actionable corrective plans to address findings, followed up by regular monitoring to ensure compliance.

I ensure the effectiveness of compliance training programs by employing various teaching methods, including interactive workshops, e-learning modules, and scenario-based learning. Regularly reviewing and updating training materials based on industry changes and feedback from participants helps maintain high levels of engagement and understanding.

My approach to developing AML and KYC programs involves implementing comprehensive risk-based strategies, ensuring robust transaction monitoring, and continuous training for staff on red flag identification. Collaboration with external partners for audits enhances the program's effectiveness, guaranteeing adherence to the latest regulations while supporting a culture of compliance.

I keep up with changes in data privacy laws through continuous education, networking with industry professionals, and subscribing to relevant legal publications. It’s crucial not only to ensure compliance but also to foster consumer trust and protect the organization from potential legal liabilities. By integrating these laws into our operational framework, we promote a culture of data responsibility.