[Hiring] Senior Compliance Manager, Fintech Banking Products @Toast
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Role Description
- This role involves managing and improving product-specific compliance programs for Toast's banking products.
- Oversee and implement the banking product specific compliance management program within Toast's Fintech Line of Business.
- Facilitate the identification, assessment, and mitigation of compliance risks and control gaps within the respective product areas.
- Provide advisory support on the development of new products, and enhancement of existing products, to ensure regulatory compliance.
- Perform product marketing and content reviews to identify potential compliance risks and offer guidance and solutions to resolve them.
- Lead relevant compliance committees, providing visibility to senior leadership, including escalations as needed.
- Assist the Global Testing team in the creation and execution of product specific compliance testing programs.
- Partner with the Fintech business on the creation and maintenance of regulatory compliance policies, procedures, controls, and strategies, while advising on emerging risks.
- Develop and facilitate necessary compliance training.
- Support and oversee the issue management processes for fintech banking products.
- Monitor product specific regulatory changes & support regulatory change management processes.
- Facilitate reporting to bank partners, partner reviews or testing, vendor management, and other administrative functions to support bank partner relationships and meet obligations.
- Serve as the escalation point of contact for partners.
- Qualifications
- Bachelor’s Degree or certification required (CRCM preferred).
- Typically requires 12+ years of related experience with a Bachelor’s degree; or 8+ years and a Master’s degree.
- Direct experience managing compliance programs for banking products, including: commercial deposit accounts, debit cards, prepaid payroll cards, earned wage access, bill-pay services, stored value cards, payments, etc.
- Experience in a compliance, risk, or audit role at a financial institution providing commercial and/or consumer non-investment banking products (Fintech or payments industry preferred).
- Experience maintaining fintech-oriented frameworks, bank partnerships, and third party vendors programs.
- Familiarity with operational processes and regulations related to banking products.
- Ability to work well with ambiguity and synthesize large amounts of complex information.
- Requirements
- CAMS certification (nice-to-have).
- Money transmission experience (nice-to-have).
Benefits
- We strive to provide competitive compensation and benefits programs that help to attract, retain, and motivate the best and brightest people in our industry.
- Base salary range: $159,000 — $254,000 USD.
- Total rewards components include cash compensation (overtime, bonus/commissions, if eligible), benefits, and equity (if eligible).
Company Description
Toast creates technology to help restaurants and local businesses succeed in a digital world, helping business owners operate, increase sales, engage customers, and keep employees happy.
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