In-House Counsel / Chief Compliance Officer

In-House Counsel / Chief Compliance Officer – FinTech Start-Up

Founded in 2023, North Pond LLC (NP) dba Oliv Financial is a B2B2C platform and innovation engine for financial partners to issue personal loans at significant scale. NP drives value for partners in a three-step approach: [1] improve the ability to separate credit risk with alternative data and enhanced payment options, [2] optimize products through a robust experimentation framework with rapid change velocity, and [3] lower customer acquisition costs by taking full advantage of differentiated products. Our initial partnerships are focused on the $100B TAM unsecured personal loan market.

We are looking to add an In-House Counsel / Chief Compliance Officer to oversee, manage, and scale our fraud, AML, and compliance functions. We pride ourselves on bringing together a diverse workforce from all over the world. The team is collaborative, innovative, and passionate about its mission. We are searching for a like-minded professional with deep FinTech compliance knowledge who is excited about entering a company in the early stages and contribute to the growth and strategic vision.

Job DescriptionWe’re looking for an in-house attorney to join our growing team. This is an exciting opportunity for someone with previous regulatory experience to join a fast-paced, rapidly growing, Chicago fintech company. The position will work with outside counsel to support our core financial product and provide legal and regulatory guidance.

ResponsibilitiesProvide comprehensive oversight and ownership of company’s compliance programCollaborate with business, analytics, technology, marketing and operations teams to ensure adherence to corporate and regulatory policies.Draft, negotiate, and review vendor contracts and non-disclosure agreementsManage all corporate compliance, such as state and federal regulatory exams and auditsDevelop various applicable internal policies and proceduresCoach, develop, and grow a team of compliance professionalsThis role will report to the CEO and serve as a strategic partner and trusted advisor to the business

Preferred QualificationsJuris Doctorate from accredited ABA law school, required7 years of regulatory/consumer compliance experience, serving in a “2nd Line of Defense” function (i.e. Compliance Manager, Compliance Officer, Chief Compliance Officer)Experience developing the elements of a compliance program, including risk assessment, monitoring and testing planning, third party oversight, and compliance trainingTechnical knowledge of consumer laws/regulations specific to consumer loan products, which will be part of the Bank Partnership (ex. If a consumer loan, needs to have demonstrated technical knowledge of TILA/Regulation Z, ECOA/Regulation B, FCRA/Regulation V, SCRA, MLA, etc.)Experience communicating compliance risks associated with product proposals and advising stakeholders on developing both customer-facing content and key operational controlsBonus points for prior experience in a FinTech start-up environmentTech-savvy and innovative thinker who isn’t satisfied with the status quo

We prefer candidates local to the greater Chicagoland area to optimize synergies but are open to remote work for the ideal candidate.