HMDA Compliance and Fair Lending Sr. Associate

About Figure

Figure is revolutionizing financial services with its disruptive technology platform. Our flagship product is the #1 non-bank HELOC in America. We’re delivering new consumer lending products and a capital markets ecosystem that maximize efficiency and transparency – by capitalizing on our loan origination activities, extensive network of partners, and growing pool of assets.

Join a team of 450+ people at Figure who have originated $11+ billion in loan volume. We’re very profitable and growing fast.
Figure has raised $469 million from top investors like Ribbit Capital, DST, Apollo, and Morgan Creek.

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Figure Series D Announcement

About the Role

We’re looking for a HMDA Compliance and Fair Lending Sr. Associate to join our growing team! As the HMDA Compliance and Fair Lending Sr. Associate, you will be responsible for assisting with the ongoing maintenance of the Company’s compliance management system and risk mitigation processes. You will be responsible for overseeing Figure’s regulatory reporting program and compliance with fair lending requirements. To conduct your daily job functions, you will be collaborating with several business units, including Finance, Legal, Operations, Data, and Product.

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

Salary

• Compensation Range: $92,000–$110,000
• Quarterly 25% bonus target
• Equity stock options package
• This is the compensation range for the United States, actual compensation may vary based on individual candidate experience, location, or evolving business needs

Benefits

• Comprehensive health, vision, and dental insurance with 100% employer-paid premiums for employees and their dependents on select plans
• Company HSA, FSA, Dependent Care, 401k, and commuter benefits
• Employer-funded life and disability insurance coverage
• 11 Observed Holidays & PTO plan
• Up to 12 weeks paid family leave
• Continuing education reimbursement

Depending on your residential location certain laws might regulate the way Figure manages applicant data. California Residents, please review our California Employee and Prospective Employee Privacy Notice for further information. By submitting your application, you are agreeing  and acknowledging that you have read and understand the above notice. Please note that while most Figure employees currently work remotely, Figure reserves the right to require a hybrid schedule to one of Figure’s four hubs. We have hubs in New York, NY, Charlotte, NC, Reno, NV, and San Francisco, CA.

Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire. 

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