Grameen America, Inc. · 4 months ago
Director of Compliance
Grameen America Inc., Jackson Heights, NY, US
Full-time
Hybrid
Mid, Senior Level
$160K/yr - $180K/yr
5+ years expGrameen America, Inc. is a nonprofit microfinance organization dedicated to helping low-income women entrepreneurs build businesses. The Director of Compliance will lead the development and oversight of the compliance program, ensuring adherence to financial regulations and ethical standards, while supporting the organization's mission of empowering underserved women.
CommunitiesFashion
No H1B
Responsibilities
Develop, implement, and maintain a comprehensive, risk-based compliance program that addresses all federal, state, and local regulations relevant to microfinance and nonprofit operations, including a compliance manual
Oversee the continuous refinement of compliance policies, procedures, and internal controls for lending, savings, and credit reporting activities
Ensure compliance with specific consumer protection statutes, including the Equal Credit Opportunity Act (ECOA), relevant sections of TILA, and state-specific lending laws
Oversee compliance with NMLS directives and filings
Implement appropriate compliance and operational risk controls, policies and procedures utilizing knowledge of existing regulatory framework, emerging risks and industry best practices
Monitor emerging regulatory and legal changes affecting the financial services and nonprofit sectors, communicating risks and necessary changes to leadership
Manage and/or conduct regular internal audits and compliance risk assessments of KYC/AML process branch operations to ensure adherence to policies and regulatory standards
Lead investigations into operational and member-related issues
Partner with operational teams to implement effective risk mitigation strategies and corrective action plans
Maintain a tracker of regulatory requests
Address and monitor all organizational-wide NMLS reporting requirements, including those in support of branch openings
Develop and deliver regular compliance training programs for employees, including new hires, to build and sustain a strong culture of compliance
Educate employees on best practices related to data privacy, fraud prevention, fair lending, and ethical conduct
Prepare and present regular, comprehensive compliance reports to the General Counsel
Serve as the primary liaison with regulatory agencies and external auditors during examinations and inquiries
Investigate potential compliance incidents and breaches and coordinate with internal and external counsel on resolution
Identify, report and escalate risks, issues and control enhancements to operations leadership
Address inquiries, exams and audits (by regulators, and internal groups)
Ensure that compliance initiatives support, rather than hinder, Grameen America's mission to serve low-income women entrepreneurs
Work with program teams to ensure that program design, including savings programs and loan disbursement, adheres to all regulations while remaining accessible and affordable for members
Qualification
Required
Juris Doctor (JD)
Admitted to practice law in any of the states of the U.S.; in good standing
5+ years of compliance experience in financial services, with a preference for experience in microfinance, community development finance, or nonprofit banking
Deep expertise in relevant federal and state financial regulations, such as ECOA, TILA, and fair lending laws as well as CDFI regulations
Exceptional analytical and problem-solving abilities to identify potential risks and develop effective solutions
Proven experience in a managerial or leadership role, with the ability to influence and guide teams toward a shared vision of compliance
Excellent written and verbal communication skills, with the ability to translate complex regulations into clear guidance for all employees and report effectively to General Counsel and other members of the senior leadership team
A strong commitment to Grameen America's mission of empowering low-income entrepreneurs
Benefits
Medical, dental, and vision insurance plans
Paid Holidays, vacation and sick time
401K retirement savings plans
Flexible Spending Account (FSA)
Wellness program with two free coaching sessions per month
Opportunity for advancement
And more!
Company
Grameen America, Inc.
Grameen America is dedicated to helping entrepreneurs build small businesses to create better lives for their families.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$32.46MKey Investors
Community Development Financial Institutions FundBaiju BhattBank of The West
2023-04-10Grant· $4.96M
2022-01-25Grant· $0.5M
2020-07-29Grant· $25M
Leadership Team
Andrea Jung
President And CEO
Recent News
2025-12-02
2025-07-08
Company data provided by crunchbase