CRA Compliance Analyst

Posted Date 16 Mar 2024

Experience	4 Years	Salary	110900USD - 150100USD
Job Type	Full Time	Company	Plaid
Job Category	Audit	Qualification	BS Finance
Gender	Both	Last Date	14 Jun
Vacancies	1	Remote	No
Location(s)	New York , United States

Job Description

At Plaid,⠀our⠀mission is⠀to unlock⠀financial⠀freedom⠀for⠀everyone.⠀There has⠀never been⠀a better⠀time than⠀now to⠀start⠀building⠀the future⠀of fintech⠀with us.⠀Plaid⠀powers the⠀tools⠀millions⠀of people⠀rely on to⠀live a⠀healthier⠀financial⠀life. We⠀work with⠀thousands⠀of⠀companies⠀like⠀Venmo,⠀SoFi, and⠀Betterment,⠀several of⠀the⠀Fortune⠀500, and⠀many of⠀the⠀largest⠀banks to⠀make it⠀easy for⠀people to⠀connect⠀their⠀financial⠀accounts⠀to the⠀apps and⠀services⠀they want⠀to use.⠀Plaid’s⠀network⠀covers⠀12,000⠀financial⠀institutions⠀across the⠀US,⠀Canada, UK⠀and⠀Europe.⠀Founded in⠀2013, the⠀company is⠀headquartered⠀in San⠀Francisco⠀with⠀offices in⠀New York,⠀Washington⠀D.C.,⠀London and⠀Amsterdam.⠀

Plaid⠀has⠀established⠀a new⠀Consumer⠀Reporting⠀Agency⠀(CRA) and⠀we are⠀looking⠀for a CRA⠀Compliance⠀Analyst⠀who wants⠀to help⠀build a⠀best-in-class⠀CRA⠀compliance⠀program.⠀Reporting⠀to our⠀Regulatory⠀Compliance⠀Program⠀Manager,⠀you'll⠀help us⠀build our⠀strategy⠀and help⠀define the⠀processes⠀for⠀managing⠀CRA-related⠀risks –⠀all while⠀seeing⠀around⠀corners⠀and⠀connecting⠀dots in a⠀way that⠀allows⠀Plaid CRA⠀to onboard⠀customers⠀and manage⠀risk.

This⠀position⠀is⠀responsible⠀for all⠀aspects of⠀implementation⠀of a⠀Compliance⠀Management⠀System to⠀manage⠀Plaid⠀CRA’s⠀compliance⠀with the⠀federal⠀Fair⠀Credit⠀Reporting⠀Act and⠀other⠀applicable⠀federal,⠀state, and⠀local⠀consumer⠀financial⠀protection⠀laws. In⠀this role,⠀you’ll⠀partner⠀with⠀product⠀managers,⠀engineers,⠀designers,⠀and risk⠀and legal⠀teams.⠀You’ll⠀be⠀responsible⠀for⠀drafting⠀and⠀maintaining⠀corporate⠀policies⠀designed⠀to ensure⠀our CRA⠀remains⠀compliant,⠀for⠀implementing⠀an⠀effective⠀training⠀program⠀for our⠀CRA, for⠀performing⠀risk⠀assessments⠀of our CRA⠀products,⠀and for⠀managing⠀consumer⠀disputes.⠀You’ll⠀help us⠀maintain a⠀compliant⠀business⠀as the new⠀CRA grows.

Responsibilities

Implementation⠀of a⠀Compliance⠀Management⠀System to⠀manage⠀Plaid’s⠀credit-related⠀business’s⠀compliance⠀with the⠀Federal⠀Fair⠀Credit⠀Reporting⠀Act and⠀other⠀applicable⠀federal,⠀state and⠀local⠀consumer⠀financial⠀protection⠀laws
Partner⠀with⠀Plaid’s⠀Credit⠀business,⠀as well as⠀other⠀internal⠀stakeholders⠀across⠀Plaid,⠀including⠀product⠀managers,⠀engineers,⠀designers,⠀and risk⠀and legal⠀teams
Be⠀responsible⠀for⠀drafting,⠀maintaining,⠀and⠀implementing⠀corporate⠀policies,⠀implementing⠀and⠀delivering⠀effective⠀training⠀programs,⠀managing⠀consumer⠀complaints⠀and⠀disputes,⠀performing⠀risk⠀assessments,⠀identifying⠀control⠀gaps, and⠀driving⠀any⠀required⠀remediations
Identify,⠀document⠀and⠀optimize⠀critical⠀processes⠀to enable⠀scale,⠀conduct⠀risk⠀assessments,⠀and⠀support⠀audits
Ensure⠀that Plaid⠀is⠀building a⠀compliant⠀business⠀from the⠀ground up

Qualifications

4-6 years⠀of⠀experience⠀in an⠀CRA-related⠀role. This⠀includes⠀experience⠀building⠀out⠀policies⠀and⠀procedures,⠀training,⠀managing⠀consumer⠀inquiries⠀and⠀disputes,⠀etc.
At⠀least 3⠀years⠀working at⠀a⠀CRA.
Advanced⠀knowledge⠀of the⠀Fair⠀Credit⠀Reporting⠀Act, along⠀with⠀in-house⠀experience⠀implementing⠀and⠀administering⠀those⠀requirements.
Familiarity⠀with⠀consumer⠀protection⠀rules and⠀regulations,⠀including⠀UDAAP and⠀GLBA.
Familiarity⠀with the⠀controls⠀and⠀processes⠀related to⠀handling⠀consumer⠀issues in⠀the⠀financial⠀services⠀industry,⠀including⠀complaints,⠀disputes,⠀and fraud⠀prevention.
Ability⠀to quickly⠀grasp and⠀evaluate⠀complex⠀concepts,⠀including⠀global⠀business⠀and⠀regulatory⠀matters.
You’ve⠀worked at⠀a fintech⠀or other⠀nimble⠀organization⠀and know⠀what it⠀takes to⠀get things⠀done in⠀that kind⠀of fluid⠀environment.
Ability⠀to juggle⠀multiple⠀deadlines⠀in a⠀fast-paced⠀environment.
Strong⠀analytical,⠀organizational,⠀and⠀communication⠀skills⠀with⠀impeccable⠀attention⠀to⠀detail.
CRCM⠀or other⠀relevant⠀professional⠀qualifications⠀are a nice⠀to⠀have.
Experience⠀engaging⠀in⠀internal/external⠀audits⠀and/or⠀regulatory⠀examinations⠀is a nice⠀to⠀have.
Experience⠀working⠀with bank⠀partners⠀and/or⠀bank⠀compliance⠀teams is a⠀nice to⠀have.

$110,900 -⠀$150,100 a⠀year

Target⠀base⠀salary for⠀this role⠀is between⠀$110,900⠀and⠀$150,100⠀per year.⠀Additional⠀compensation⠀in the⠀form(s) of⠀equity⠀and/or⠀commission⠀are⠀dependent⠀on the⠀position⠀offered.⠀Plaid⠀provides a⠀comprehensive⠀benefit⠀plan,⠀including⠀medical,⠀dental,⠀vision,⠀and⠀401(k).⠀Pay is⠀based on⠀factors⠀such as⠀(but not⠀limited⠀to) scope⠀and⠀responsibilities⠀of the⠀position,⠀candidate's⠀work⠀experience⠀and⠀skillset,⠀and⠀location.⠀Pay and⠀benefits⠀are⠀subject to⠀change at⠀any time,⠀consistent⠀with the⠀terms of⠀any⠀applicable⠀compensation⠀or benefit⠀plans.

Our⠀mission at⠀Plaid is⠀to unlock⠀financial⠀freedom⠀for⠀everyone.⠀To support⠀that⠀mission,⠀we seek to⠀build a⠀diverse⠀team of⠀driven⠀individuals⠀who care⠀deeply⠀about⠀making the⠀financial⠀ecosystem⠀more⠀equitable.⠀We⠀recognize⠀that⠀strong⠀qualifications⠀can come⠀from both⠀prior work⠀experiences⠀and lived⠀experiences.⠀We⠀encourage⠀you to⠀apply to a⠀role even⠀if your⠀experience⠀doesn't⠀fully⠀match the⠀job⠀description.⠀We are⠀always⠀looking⠀for team⠀members⠀that will⠀bring⠀something⠀unique to⠀Plaid!