Vice President, Compliance

With a 25-year record of success, Opportunity Fund is building a diverse, vibrant community where opportunity, knowledge, and access to capital are within reach for everyone living in California and beyond. To achieve this, we’ve put together an incredible team, and are seeking new members who believe strongly in this vision.

We were founded on the principle that a little seed money and the right financial advice can drive permanent and lasting change in the lives of hardworking people. As a 501(c)(3) nonprofit and California’s largest microfinance provider, Opportunity Fund has helped thousands of people make basic yet transformative changes in their economic well-being. Our strategy combines lending to small business owners and investing in real estate projects in underserved communities through new markets tax credits. Guided by our core values – responsibility, innovation, opportunity, courage, client focus, collaboration—we provide the essential boost to empower individuals to reimagine their futures. Now a leader in the national microfinance movement, we offer loans in more than 40 states through an online platform, as well as having loan consultants in northern and southern California.

Position:

Opportunity Fund is growing and needs a motivated and adaptable individual to serve as the Vice President, Compliance for the Small Business Lending organization. This role is responsible for Opportunity Fund’s Compliance program, including day-to-day administrative, lending and operational compliance activities, as well as advising management and other personnel on compliance issues, assisting in establishing controls, and leading strategic compliance initiatives. The VP, Compliance will work on a wide variety of compliance-related matters involving small business lending and lead all areas of the compliance program. This position will also be responsible for supervising Compliance staff.

Major Responsibilities:

• Develop, implement and administer Opportunity Fund’s Compliance Management System (CMS)

• Enhance the Third-Party Risk Management Program with vendor due diligence, contract requirements, and ongoing compliance audits of critical third-parties

• Provide day-to-day compliance support to the business units

• Develop and maintain written compliance policies and procedures, including an annual review, via PolicyTech (Opportunity Fund’s policy portal) covering state and federal lending regulations, FCRA, TCPA, privacy and data security, FDCPA and other applicable regulations

• Monitor compliance and conduct compliance testing

• Maintain and update Compliance Risk Assessment

• Prepare for and respond to regulatory inquiries and examinations

• Assist with internal audits

• Review marketing materials

• Utilize current issue management tracking systems to report potentially systemic issues

• Provide non-legal advice and regulatory guidance in connection with the development of new products

• Conduct compliance specific trainings to employees

• Oversee Opportunity Fund’s regulatory filings and relevant internal and client certifications

• Provide ongoing hands-on support and execution with respect to all critical ad-hoc compliance projects, as needed

• Keep informed of ongoing regulatory developments and changes in applicable law and regulations

• Key contributor to Opportunity Fund’s Compliance Strategic Plan

Qualifications:

• Bachelor’s degree or higher in a related field

• 10+ years of compliance experience with financial institution or compliance consulting practice

• Familiarity with lending operations and knowledge of lending regulations

• Experience managing and training a small team

• Strong ownership mentality with exceptional resourcefulness and drive for results

• Solutions oriented

• Organized, detail-oriented with an analytical mindset to deliver key insights on complex compliance and business matters

• Excellent oral and written communication skills

• Ability to engage and work effectively with senior business management and staff in multiple locations

• Ability to manage and effectively influence while providing advice and guidance

• Ability to effectively prioritize work and manage multiple projects simultaneously

• Strong work ethic, time management skills and the ability to work independently to produce deliverables on tight deadlines

• Advanced finance, business, or law degree a plus

• CRCM preferred

Benefits:

• Competitive salary commensurate with experience

• Medical, Dental, Vision, Life & Disability coverage 100% company funded for employees.

• Family coverage also available.

• Tax deferred 403(B) retirement plan (some employer contribution)

• 12 paid vacation days (increased with tenure), 11 holidays, 10 sick days annually and family leave days

• Public transportation or paid parking benefit, dependent on location

This position is located in San Jose, San Francisco, or Los Angeles, California. Working remotely will also be considered with occasional travel to California offices.

To Apply: Interested candidates should submit a resume and thoughtful cover letter that explains interest in the position and organization, and how your skills and experience meet the requirements of the position. Please specify “Vice President, Compliance” in the subject heading line.

Diverse candidates are encouraged to apply. Opportunity Fund is an Equal Opportunity Employer. http://www.opportunityfund.org