Best Egg · 8 hours ago
Fair Lending Compliance Specialist
United States
Full-time
Remote
Mid Level
$110K/yr - $125K/yr
3+ years expBest Egg is a market-leading, tech-enabled financial platform helping people build financial confidence through a variety of installment lending solutions and financial health tools. The Fair Lending Compliance Specialist provides oversight of fair lending risk across consumer lending products and ensures compliance with consumer protection laws and regulatory expectations.
Financial ServicesFinTechLending
Responsibilities
Assist in the development and execution of the Fair Lending Compliance Program by conducting scheduled reviews and analyses that monitor and/or test for potential fair lending risks and control deficiencies
Including core program components such as the annual Fair Lending risk assessment and risk & control reviews
Support regulatory change management activities as they relate to Fair Lending requirements
Evaluate new products and services for fair lending risk and compliance implications
Assist with exam management and audit activities related to Fair Lending
Provide day-to-day Fair Lending compliance support to business partners through research, interpretation of laws/regs, and guidance on emerging risks and industry trends
Identify and help mitigate actions that may expose the bank to Fair Lending risk outside its desired risk appetite
Lead/assist with monitoring activities that evaluate the effectiveness of controls and recommend enhancements to mature the control environment
Partner with lines of business (LOBs) while balancing the compliance oversight role to influence fair lending decisions and risk outcomes
Engage directly with LOBs to:
O Identify Fair Lending risks and develop/execute risk assessments
O Provide input on controls and testing activities
O Advise and monitor remediation efforts when issues are identified
Independently and credibly challenge Fair Lending-related decisions, business processes, and risks
Proactively advise business partners on applicable compliance risk standards and stay current on developments in Fair Lending laws, rules, and industry practices
Qualification
Required
Bachelor's degree (BA/BS) required; relevant fields include Business, Finance, Economics, or related
3-5 years of experience in fair lending compliance, consumer compliance risk, or credit risk oversight within a consumer lending environment
Demonstrated experience reviewing credit strategies, underwriting models, and pricing structures
Strong understanding of fair lending statistical concepts with the ability to review and challenge analyses
Engage directly with LOBs to identify Fair Lending risks and develop/execute risk assessments
Provide input on controls and testing activities
Advise and monitor remediation efforts when issues are identified
Preferred
Prior experience supporting or overseeing consumer lending functions within a bank, fintech, or regulated financial institution
Benefits
Pre-tax and post-tax retirement savings plans with a competitive company matching program
Generous paid time-off plans including vacation, personal/sick time, paid short--term and long-term disability leaves, paid parental leave, and paid company holidays
Multiple health care plans to choose from, including dental and vision options
Flexible Spending Plans for Health Care, Dependent Care, and Health Reimbursement Accounts
Company-paid benefits such as life insurance, wellness platforms, employee assistance programs, and Health Advocate programs
Other great discounted benefits include identity theft protection, pet insurance, fitness center reimbursements, and many more!
Company
Best Egg
Best Egg is a consumer financial technology platform that aims to help people feel more confident about their everyday finances through a suite of products and resources.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
$2.09BKey Investors
Healthcare of Ontario Pension Plan (HOOPP)Invus
2022-03-10Series E· $225M
2018-01-29Debt Financing· $495M
2017-11-08Debt Financing· $312M
Leadership Team
Alex Rhodes
Chief Operating Officer
Recent News
2025-06-26
2024-05-24
Company data provided by crunchbase