About the company
About Figure Figure is transforming the trillion dollar financial services industry using blockchain technology. In three short years, Figure has unveiled a series of fintech firsts using the Provenance blockchain for loan origination, equity management, private fund services, banking and payments sectors - bringing speed, efficiency and savings to both consumers and institutions. Today, Figure is one of less than a thousand companies considered a unicorn, globally. Our mission requires us to have a creative, team-oriented, and supportive environment where everyone can do their absolute best. The team is composed of driven, innovative, collaborative, and curious people who love architecting ground-breaking technologies. We value individuals who bring an entrepreneurial mindset to every task and will embrace our culture of innovation. Every day at Figure is a journey in continuous learning yet a daily focus on getting work done that makes a difference. Join a team of proven leaders who have already created billions of dollars in value in the FinTech space!
Job Summary
What You’ll Do
📍Oversee regular collection and reporting of HMDA data collected during the loan application process 📍Utilize HMDA software to identify potential errors, work cross-functionally to correct the errors, and conduct additional reconciliation to ensure report accuracy 📍Prepare Figure’s HMDA LAR for final submission, routinely sample and test the HMDA LAR to ensure accuracy in accordance with Regulation C 📍Analyze the existing HMDA program and identify opportunities for improvement 📍Assist with monthly, quarterly, and annual regulatory reports to ensure accurate and timely submission 📍Assist with the management of Figure’s fair lending compliance program; conduct quarterly analyses, report findings and feedback to the business and management 📍Assist with the management of Figure’s vendor management program; support in vendor due diligence and oversight, support business units in their routine performance monitoring, rating, and feedback, and vendor dispute resolution processes 📍Stay apprised of changing regulatory requirements and Figure’s business model to maintain a solid foundation of the applicable regulatory framework 📍Assist with compliance testing to ensure compliance with federal and state regulations across Figure’s origination and lending activities 📍Assist with the logging and tracking of identified issues and corrective action plans to validate remediation efforts 📍Participate in the annual risk assessment process of applicable laws and regulations 📍Collaborate with Product and Operations in connection with updates, changes and implementation of Figure’s current and new products and services
What We Look For
📍Minimum 5 years of regulatory compliance experience at a bank, mortgage lending company or financial services company 📍Deep knowledge of HMDA/Reg C and prior experience with HMDA software and LAR preparation 📍Working knowledge of other consumer protection laws and regulations such as TILA/Regulation Z, RESPA, Regulation X, ECOA/Reg 📍B and fair lending requirements, FCRA, FACTA, UDAAP, and GLBA Knowledge of the CFPB Small Business Lending Rule under the Equal 📍Credit Opportunity Act (Regulation B) 📍Ability to effectively communicate regulatory requirements to other business units, such as Product, Operations and Finance 📍Ability to handle several projects at once while staying organized, detailed oriented, and diligent 📍[Preferred] Proficiency in SQL for data extraction, analysis, and reporting, with a strong understanding of relational database concepts and the ability to write complex queries to manipulate and analyze large datasets. 📍[Preferred] Experience using SQL to automate data processes, generate reports, and ensure data integrity, particularly in the context of HMDA and Fair Lending compliance. 📍Bachelor’s degree or equivalent experience
