Compliance Specialist - Regulatory Compliance

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

• Able to work from the office 3+ days per week

• Offices in NYC, India, and Colombia

Role Summary :

We are looking for a Compliance Specialist that can engage in various areas of the risk and compliance team, who understands how to implement a risk-based approach to compliance processes, and how to effectively communicate across the organization and with external stakeholders to deliver. This role will focus more on business continuity and compliance testing. If you're passionate about finding the right balance of innovation and compliance for underserved markets, then we want to chat. Are you ready to revolutionize the small business banking industry with us? Are you ready to revolutionize the small business banking industry with us?

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, Miami, India, and Colombia

Responsibilities :

• Establish and maintain business continuity oversight program and training in partnership with compliance leadership, business stakeholders and partner bank leadership

• Support the execution of the business impact assessment in partnership with business stakeholders

• Establish and enhance business continuity plan in consideration of critical business activities

• Monitor and facilitate the execution of business continuity testing and relative exercises with business stakeholders

• Coordinate with compliance and control partners to promote consistency in the application of the compliance program and best practices across the business

• Define test scope and scripts for assessment areas referenced within the annual testing schedule and business continuity plan, as applicable

• Perform control testing, document results and provide updates to the line of business, as necessary to ensure timely alignment with the annual testing schedule.

• Assist in managing issues identified within internal compliance testing and independent reviews that the business is subjected to

• Succinctly and clearly communicate complex fact patterns, underlying issues and recommended resolutions to others

• Execute necessary investigations and draft response for incoming complaints delivered through regulatory and BBB channels, as necessary

• Provide support for responding to regulatory inquiries and examinations

• Continuously determine and document risk exposure, mitigation and valuable controls related to new/ongoing processes, products/services and relative program documents/communications

• Other duties, as assigned

Requirements :

• At least 5+ years of experience in audit, compliance, risk management or business continuity planning

• At least 5+ years of experience supporting, partnering and interacting with internal business stakeholders

• Experience translating complex ideas and data into clear, engaging narratives across multiple formats to key stakeholders

• Understanding of compliance or risk management principles and interest in strengthening subject matter expertise across multiple compliance areas.

• Ability to work independently on complex assignments with strong analytical skills, attention to detail, and the ability to interpret regulatory information

• Strong time management, organizational, and prioritization skills, with the ability to complete multiple concurrent tasks within close deadlines and a high degree of accuracy and detail

• Ability to navigate ambiguity in a fast-changing environment, being hands-on and going beyond direct job responsibilities to help achieve success

• Desire to be a reliable partner that collaborates with multiple business stakeholders across multiple lines of business

• Excellent research and communication skills

Nice To Have, but Not Mandatory:

• 2+ years of experience within Fintech

• Relevant coursework or certifications in compliance, risk management, or data analytics (e.g., CRCM Business Continuity Certifications, or similar compliance-related certifications).

• Experience working with data systems or reporting tools (scripting experience with SQL is a plus)

Novo values diversity as a core tenant of the work we do and the businesses we serve. We are an equal opportunity employer, indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information or any other protected characteristic.