Compliance Manager

About Us :

Small businesses are the backbone of the US economy, comprising almost half of the GDP and the private workforce. Yet, big banks don’t provide the access, assistance and modern tools that owners need to successfully grow their business.

We started Novo to challenge the status quo—we’re on a mission to increase the GDP of the modern entrepreneur by creating the go-to banking platform for small businesses (SMBs). Novo is flipping the script of the banking world, and we’re excited to lead the small business banking revolution.

At Novo, we’re here to help entrepreneurs, freelancers, startups and SMBs achieve their financial goals by empowering them with an operating system that makes business banking as easy as iOS. We developed modern bank accounts and tools to help to save time and increase cash flow. Our unique product integrations enable easy access to tracking payments, transferring money internationally, managing business transactions and more. We’ve made a big impact in a short amount of time, helping thousands of organizations access powerfully simple business banking.

Why Novo?

• Novo is a rapidly growing series B fintech startup with a mission-driven team that’s passionate about helping every small business in America

• Positive, inclusive, supportive culture cheering you on your journey

• We work with very new technologies and architecture patterns

• We provide learning and development budgets to help you grow and bond with your team

• Offices in NYC and India

Role Summary:

• Conduct final reviews of marketing materials, customer communications &
operational processes to mitigate potential compliance risks. Assess & ensure
compliance with UDAAP, TCPA & CAN-SPAM regulations.

• Assess impact of emerging financial services regulations on Novo’s operations/products & recommend necessary compliance actions.

• Play a lead role in internal & external regulatory audits.

• Oversee the maintenance of corporate governance documents. Draft & implement compliance playbooks outlining legal frameworks for different product lines & services.

• Ensure adherence to state-mandated commercial financing disclosure laws.

• Assess regulatory risks associated with Novo’s digital banking products.

• Provide litigation support by coordinating with external counsel, tracking case developments, and assisting in legal strategy formulation. Advise HR team on the development and revision of employment policies to align with FLSA, FMLA, ADA, EEOC guidelines, and whistleblower protections, ensuring compliance with evolving labor regulations.

• Provide strategic legal & compliance guidance on employee classification, remote work arrangements, & the structuring of employment & independent contractor agreements based on state & federal regulations.

• Oversee workplace investigations involving employee misconduct, discrimination claims & regulatory compliance matters. Negotiate, draft, and review vendor agreements, SaaS contracts, affiliate partnerships.

• Maintain & track annual state reporting & corporate compliance requirements in multiple jurisdictions. Implement internal governance policies for handling CCPA & other state-specific privacy regulations.

• Process consumer privacy requests. Oversee incident response management for potential data breaches, ensuring regulatory disclosures and remediation steps are properly executed.

Requirements:

• Master’s degree (or its equivalent) in Law, Legal Studies or a closely related field and 2 years of experience as a Legal Analyst, Compliance Officer or similar position involving corporate governance and compliance.

• Experience must include: revising/drafting employment policies; managing data and security privacy; managing compliance contracts; third-party due diligence & vendor risk management; corporate governance and regulatory reporting.