Compliance Manager
About Us:
At Parafin, we’re on a mission to grow small businesses.
Small businesses are the backbone of our economy, but traditional banks often don’t have their backs. We build tech that makes it simple for small businesses to access the financial tools they need through the platforms they already sell on.
We partner with companies like DoorDash, Amazon, Worldpay, and Mindbody to offer fast and flexible funding, spend management, and savings tools to their small business users via a simple integration. Parafin takes on all the complexity of capital markets, underwriting, servicing, compliance, and customer service for our partners.
We’re a tight-knit team of innovators hailing from Stripe, Square, Plaid, Coinbase, Robinhood, CERN, and more - all united by a passion for building tools that help small businesses succeed. Parafin is backed by prominent venture capitalists including GIC, Notable Capital, Redpoint Ventures, Ribbit Capital, and Thrive Capital. Parafin is a Series C company, and we have raised more than $194M in equity and $340M in debt facilities.
Join us in creating a future where every small business has the financial tools they need.
About the Position
We are looking for a Compliance Manager to take the lead in managing critical compliance activities for the company. You will be responsible for being a subject matter expert, advising Parafin on the compliance issues that the company must navigate in areas such as vendor management and information security. You will have a critical and central role counseling, advising, and helping build our funding, lending, and card products.
Are you an innovative compliance manager with a passion for building and managing compliance programs at a rapidly scaling company? If so, come join us!
What You’ll Be Doing:
Advising business teams on compliance matters related to information security, data sharing, and vendor oversight
Publishing written guidance to help your teammates understand relevant subject matter
Leading remediation efforts if and when issues present themselves, determining root causes, and developing and testing corrective actions
Coordinating with business teams to ensure partnerships and procurement align with requirements
Building, designing, and improving compliance policies and processes that will help Parafin become more efficient and effective
Proactively advising on newly identified internal and external risks
Trust. . . but verify
Partner with product, finance, marketing, operations, and data teams to build operationally efficient and effective programs
What We’re Searching For:
3+ years of experience in regulatory compliance, business banking, or commercial card
Familiarity with vendor management, SOC1, SOC2, risk management and GRC processes and tools
Experience designing and overseeing compliance processes
Dynamic multi-tasker who can juggle multiple priorities and complexities with ease
Comfort working across various business units and levels
Innovative problem solver
Awesome communication skills, both written and verbal
We Prefer If You Have:
Familiarity with BSA/AML/OFAC/KYC, UDAP, Fair Lending/ECOA, or NACHA compliance
Experience working with bank partners and/or banking regulators
Background at a FinTech supporting B2B financial services products
Investigating and remediating issues and complaints from customers
What We Offer
Salary Range: $155k to $170k
Equity grant
Medical, dental & vision insurance
Unlimited PTO
Work from home flexibility
Commuter benefits
Free lunches
Paid parental leave
401(k)
Employee assistance program
If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please contact us.