Head of Operational Compliance

| Chicago
Avant is revolutionizing the world of lending by lowering the costs and barriers of borrowing for everyday people. At our core, we are a technology company that builds advanced platforms and uses custom analytics. Today, we help underserved consumers, the majority of whom get fast funding on our online platform without having to talk to anyone. Tomorrow we plan to use our world class technology and underwriting capabilities to launch new products and bank partnerships that improve people’s financial lives.
JOB DESCRIPTION
Let’s get to business. Avant is looking for a new Head of Operational Compliance to join the Operations team in Chicago. The Head of Operational Compliance will oversee two functions core to operational risk mitigation and quality control: the Business Unit Compliance Office (BUCO) and operations center Quality Assurance (QA) monitoring. 
As manager of BUCO, you will be responsible for day-to-day control and compliance activities including the testing and monitoring framework. As leader of the Quality Assurance (QA) team, you will be responsible for development, analysis, and implementation of operations center monitoring. You will work with Learning & Development to identify and guide training efforts in relation to issues found during the QA processes. You will be responsible for staffing, training, and oversight of both teams. 
In this role, you must maintain a high degree of knowledge of operations center processes as well as consumer lending rules and regulations including but not limited to Fair Lending, TILA, TCPA, FCRA, FDCPA, ECOA, SCRA, UDAAP, and BSA. You will work with multiple business units to drive operational change and corrective action where necessary to ensure proper adherence to rules and regulations.
We are looking for a hands on candidate who takes ownership and seeks opportunities.

What you do at Avant

  • Supervise and/or oversee testing and monitoring to determine effectiveness of compliance with state and federal regulatory requirements and internal policies and procedures across multiple business units
  • Develop and oversee quality control testing plan and program, including scope and root cause investigation
  • Act as Operational Compliance point of contact with 2nd line (Compliance) in managing and responding to state and federal regulatory requests and/or exams
  • Establish collaborative working relationships with all functional group leads to evaluate potential issues, identify trends, and suggest process improvements
  • Participate in regulatory examinations and audits

Why you are a fit for Avant

  • BA / BS from an accredited university
  • 6+ years of Regulatory Compliance/Risk Management experience
  • 3+ years managerial/supervisory experience
  • Experience in process and control mapping methodologies
  • Experience working in consumer finance
  • Demonstrated ability to take ownership and lead highly effective teams and functions 
  • Strong communication, critical thinking, and analytical skills 

Why Avant is a fit for you: At Avant, we believe our values make a difference:We value, support, and help each other growWe are committed to active inclusion and diversityWe are transparent and believe the best idea winsWe succeed when our customers succeedWe get sh!t done… responsiblyAnd we keep it fun! We believe that ideas are more important than titles, everything is more fun together, everyone drives change, and everyone is an owner. While we believe the perks and benefits that we offer are terrific, nothing excites us more than having the ability to collaborate with intelligent, highly-motivated and talented people on challenging problems as we work to change the face of online lending.

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Technology we use

  • Engineering
  • Product
    • JavascriptLanguages
    • PythonLanguages
    • RubyLanguages
    • TypescriptLanguages
    • ReactLibraries
    • AngularJSFrameworks
    • DjangoFrameworks
    • Ruby on RailsFrameworks
    • MySQLDatabases
    • JIRAManagement

Location

Located on Chicago's scenic Riverwalk. It’s home to nearby trendy restaurants, a thriving startup community, and public transportation.
222 N. LaSalle Street, Chicago, IL 60601

What are Avant Perks + Benefits

Health Insurance & Wellness Benefits
Dental Benefits
Vision Benefits
Health Insurance Benefits
Onsite Gym
Retirement & Stock Options Benefits
401(K)
Child Care & Parental Leave Benefits
Generous Parental Leave
Vacation & Time Off Benefits
Unlimited Vacation Policy
Perks & Discounts
Beer on Tap
Casual Dress
Commuter Benefits
Free Daily Meals
Game Room
Stocked Kitchen
Happy Hours
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