People Matter

Senior Compliance Officer

Faire

Faire

Software Engineering, Legal
New York, NY, USA
Posted on Thursday, July 4, 2024

About Faire

Faire is an online wholesale marketplace built on the belief that the future is local — independent retailers around the globe are doing more revenue than Walmart and Amazon combined. At Faire, we're using the power of tech, data, and machine learning to connect this thriving community of entrepreneurs across the globe. Picture your favorite boutique in town — we help them discover the best products from around the world to sell in their stores. With the right tools and insights, we believe that we can level the playing field so that small businesses everywhere can compete with these big box and e-commerce giants.

By supporting the growth of independent businesses, Faire is driving positive economic impact in local communities, globally. We’re looking for smart, resourceful and passionate people to join us as we power the shop local movement. If you believe in community, come join ours.

About this role

We are looking for a Senior Compliance Officer to join Faire’s legal department. This person will be responsible for developing and implementing Faire’s compliance programs, including compliance reporting, training, and testing, reviewing company policies, and advising management on compliance matters. Additionally, this person will ensure that our operations, third-party providers, and business transactions adhere to all applicable rules, regulations, and internal policies to uphold high ethical and compliance standards across the business. This role requires an individual well-versed in regulatory laws and operational compliance practices, including with respect to commercial lending, insurance, payments, privacy and cybersecurity.

What you’ll do

  • Act as the primary expert and advisor on all Faire compliance matters, managing external regulatory engagements, legal contracts, and third-party vendor compliance.
  • Monitor compliance with laws, regulations, company policies, and contracts
  • Perform compliance program testing to assess adherence to the compliance management system and maintain compliance calendar
  • Stay informed of emerging regulatory changes, trends, and best practices; assess potential impacts on the company to maintain a robust compliance program that aligns with relevant industry standards and regulatory requirements
  • Conduct risk assessments to identify potential areas of compliance vulnerability and risk; develop and implement corrective action plans for resolution of problematic issues
  • Provide regular reports on compliance activities to senior management, regulators, and Faire’s Board of Directors
  • Manage and grow the compliance team, providing guidance and leadership
  • Manage partnerships with banks or other financial institutions
  • Ensure KYC, BSA/AML and sanctions compliance
  • Perform or assist in internal audits, or assist with external audits from business partners or regulators
  • Develop compliance training programs and oversee the training of employees in compliance topics, policies, and procedures
  • Assist in development, implementation and maintenance of sound internal controls
  • Provide guidance to Faire’s trust and safety and marketplace safety teams
  • Serve as the subject matter expert on privacy-related laws, including the GDPR and the CCPA, and assist in the continued improvement of Faire's global privacy program

Qualifications

  • 8+ years experience in a compliance role in a related industry or in financial services, with at least 3 years in a leadership position
  • Extensive knowledge of the regulatory environment in the fintech industry, particularly consumer lending, mortgage, banking, insurance, payments, broker-dealer and investment advisory, privacy, and cybersecurity
  • Relevant ABA or ISACA certification preferred
  • Proven experience in building compliance programs and managing compliance teams
  • Excellent communication and analytical skills, as well as an impeccable attention to detail and strong sense of ownership and accountability
  • Ability to distill complexity and to identify and clearly communicate practical, risk-based solutions
  • Strong leadership qualities and a team-oriented mindset
  • Demonstrated ability to work cross-functionally and collaboratively with internal stakeholders

Salary Range

New York: the pay range for this role is $256,500 - $352,500 per year.

This role will also be eligible for equity and benefits. Actual base pay will be determined based on permissible factors such as transferable skills, work experience, market demands, and primary work location. The base pay range provided is subject to change and may be modified in the future.

Faire’s flexible work model aims to meet the needs of our diverse employee community by making work more flexible, connected, and inclusive. Depending on the role and needs of the team, Faire employees have the flexibility to choose how they work–whether that’s mainly in the office, remotely, or a mix of both.

Roles that list only a country in the location are eligible for fully remote work in that country or in- office work at a Faire office in that country, provided employees are located in the registered country/province/state. Roles with only a city location are eligible for in-office or hybrid office work in that city. Our talent team will work with candidates to determine what locations and roles are eligible for each option.

Applications for this position will be accepted for a minimum of 30 days from the posting date.

Why you’ll love working at Faire

  • We are entrepreneurs: Faire is being built for entrepreneurs, by entrepreneurs. We believe entrepreneurship is a calling and our mission is to empower entrepreneurs to chase their dreams. Every member of our team is taking part in the founding process.
  • We are using technology and data to level the playing field: We are leveraging the power of product innovation and machine learning to connect brands and boutiques from all over the world, building a growing community of more than 350,000 small business owners.
  • We build products our customers love: Everything we do is ultimately in the service of helping our customers grow their business because our goal is to grow the pie - not steal a piece from it. Running a small business is hard work, but using Faire makes it easy.
  • We are curious and resourceful: Inquisitive by default, we explore every possibility, test every assumption, and develop creative solutions to the challenges at hand. We lead with curiosity and data in our decision making, and reason from a first principles mentality.

Faire was founded in 2017 by a team of early product and engineering leads from Square. We’re backed by some of the top investors in retail and tech including: Y Combinator, Lightspeed Venture Partners, Forerunner Ventures, Khosla Ventures, Sequoia Capital, Founders Fund, and DST Global. We have headquarters in San Francisco and Kitchener-Waterloo, and a global employee presence across offices in Salt Lake City, Atlanta, Toronto, London, New York, LA, and Sao Paulo. To learn more about Faire and our customers, you can read more on our blog.

Faire provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, gender identity or gender expression.

Faire is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation, please fill out our Accommodation Request Form (https://bit.ly/faire-form)