Compliance Analyst / MTL Coordinator

Pomelo’s mission is to increase financial access and empowerment for immigrants and their loved ones back home.

We are proud to be the first financial technology platform to combine consumer credit and global remittances. Our product solves the worst aspects of money transfer by empowering our customers to use credit rather than cash. At the same time, we help immigrants establish their financial future in their new country by building positive credit history with their existing remittance obligations and financially include their loved ones in emerging economies with access to modern financial instruments.

We’re a team of ~45 and are growing our San Francisco headquarters. Our investors include Keith Rabois of Khosla Ventures (formerly of Founders Fund, CEO at Opendoor, former COO of Square), Kevin Hartz (Co-founder/CEO of Xoom and Eventbrite) of A* Capital, The Chainsmokers, The Weeknd, and more.

Your Role

We are seeking a knowledgeable and detail-oriented Compliance Analyst/ MTL Coordinator with approximately 3 years of experience in the field. The ideal candidate will have knowledge and experience of Money Transmitter licenses, lending regulations, UDAAP, fair lending, and other financial regulations. This role is critical to ensuring our operations comply with all applicable laws and regulations, and it offers an excellent opportunity for career growth within a dynamic and fast-paced environment.

Key Responsibilities:

Regulatory Compliance: Ensure the company’s adherence to all relevant financial regulations, including but not limited to lending regulations, UDAAP (Unfair, Deceptive, or Abusive Acts or Practices), fair lending laws, and Money Transmitter licensing requirements.

• Monitoring and Reporting: Continuously monitor and assess compliance risks, prepare regular compliance reports, and provide recommendations to mitigate potential risks.
• Policy Development: Assist in the development, implementation, and maintenance of compliance policies and procedures. Ensure these policies are up-to-date and reflect current regulatory requirements.
• Training and Education: Conduct compliance training for staff to ensure awareness and understanding of regulatory obligations and company policies.
• Internal Audits: Participate in internal audits and regulatory examinations. Prepare and coordinate responses to regulatory inquiries and examinations.
• Risk Assessment: Perform regular risk assessments and compliance reviews to identify potential areas of compliance vulnerability and risk. Develop corrective action plans for resolution of problematic issues.
• Documentation: Maintain comprehensive and organized records of compliance activities, decisions, and practices to demonstrate adherence to regulatory requirements.
  
  

Required Qualifications

• Education: Bachelor’s degree in finance, business administration, law, or a related field. Advanced degrees or certifications (e.g., CRCM, CAMS) are a plus.
• Experience: Approximately 3 years of experience in a compliance role within the financial services or fintech industry.
• Technical Skills: Proficiency with compliance software and tools. Strong understanding of Money Transmitter licenses, lending regulations, UDAAP, fair lending laws, and other relevant financial regulations.
• Analytical Skills: Excellent analytical and problem-solving skills. Ability to interpret complex regulations and apply them to practical situations.
• Communication: Strong written and verbal communication skills. Ability to effectively communicate compliance requirements and issues to various stakeholders.
• Attention to Detail: High level of attention to detail and accuracy in managing compliance documentation and reporting.
• Team Player: Ability to work collaboratively with cross-functional teams and manage multiple projects simultaneously.
  
  

Pomelo takes a market-based approach to compensation, offering equity and a base salary as part of the compensation package. The estimated base salary range for this role is $107,000 - $130,000 per year. Exact compensation may differ from this range and depends on the candidate’s experience, domain expertise, and interview performance.

Benefits And Perks (FTE)

• ❤️ A meaningful mission and an opportunity for direct societal impact. We’re putting real money back in the hands of the people who need it most and helping immigrants and their families realize the American dream.
• 👥 An amazing team and culture. You’ll have peers from both top tech companies (e.g. Cash App, Google, Twitter, Uber) and other successful startups (e.g. Affirm, AfterPay, MemSQL). We empower each other to do great work and continue growing.
• 💪 Opportunity for major impact, learning, and growth.
• 🏥 Platinum-level health insurance (medical, dental, vision) — with 100% covered by the company for you and 50% for dependents.
• 🌴 PTO: 3 weeks in your first year, 4 weeks thereafter, plus national holidays
• ✈️ $1,500 annual travel stipend
• 😌 $300 annual wellness stipend
• 🗺 Twice-a-year company retreats. Previous trips include skiing in Park City, getting sun and surf in Cabo, Mexico, and a cruise excursion to The Bahamas.
• 🍽️ In Office Meals: Lunch, dinner, and snacks provided daily