What are the responsibilities and job description for the Head of Compliance position at Chariot?
Why Chariot
Chariot is a charitable payments company that’s revolutionizing the philanthropic financial system. We believe more money needs to move to nonprofits faster so we are building tools that activate more philanthropic dollars and transform nonprofit operations to be more efficient. We’re looking for top talent to join our mission-driven team in changing the financial landscape of philanthropy.
In order to make an application, simply read through the following job description and make sure to attach relevant documents.
We are currently backed by Y Combinator, Spark Capital, SV Angel, and top-tier angel investors like Mike Massaro, Adam Grant, and Angela Duckworth. Our team is made up of passionate and talented individuals with prior work experience at Blackrock, Bain, Goldman Sachs, Palantir, and Forage (YC21).
We are in-person in New York City, which helps us maintain our extremely collaborative and caring team culture. For this role, we offer flexibility on a day-to-day basis and it is expected to be in the office 2-3 days a week.
Company Overview
Of the $500 billion donated to nonprofits each year, only about $60 billion comes through traditional “online” payment rails like credit cards. The other $440B move through “offline” processes and archaic systems. Not only is this bad system risky and slow, it creates tremendous operational burden at nonprofit organizations and deters total giving.
One of the best examples of this is Donor Advised Funds (DAFs). DAFs hold $230B in charitable assets and are the fastest growing vehicle in philanthropy. However, millions of DAF users are stuck behind archaic login portals, emails, or even phone calls to make a donation. Even though these are savings accounts specifically designed for charity, you can’t use them to pay in any of the places you’re most likely to give (a nonprofit website, donation form, campaign page, etc.)
Chariot built the first-ever integrated DAF payment option, DAFpay, which is now live with 52,000 nonprofits, dozens of fundraising platforms, and over 85% of the DAF market by volume. DAFpay’s usage is averaging double-digit month-over-month growth for the last 18 months and isn’t slowing down. Our customers include some of the largest and most well-known nonprofits in the country like American Cancer Society, Susan G. Komen, March of Dimes, Pan-Mass Challenge, Memorial Sloan Kettering Cancer Center, and Alzheimer’s Association.
We are entering an exciting phase of growth and expanding our team to bring tens of thousands of nonprofits onboard while expanding our product capabilities to solve even deeper problems for the nonprofit sector.
Job Description
Lead compliance function overseeing all client and company activity to ensure proper risk mitigating controls and procedures are in place and align with key business objectives.
Own external relationships with all banking, regulatory, and legal stakeholders.
Design, develop, and execute comprehensive compliance strategies and drive continuous improvement of compliance processes, policies, systems, and controls.
Improve the experience of the Chariot product by providing proactive support and guidance to nonprofits, donors, channel partners, and DAFs.
Develop and implement strategies to ensure that all new users have positive experiences while being approved and onboarded to use Chariot’s technology and services.
Address and resolve any customer issues promptly with the assistance of engineering and product teams.
Collaborate with different stakeholders (nonprofits, channel partners, etc.) to manage and address legal documents.
Hybrid position at Chariot’s NYC office.
About You
4 years in compliance / law, ideally with fintech exposure.
Detail-oriented with excellent written / verbal communication skills.
Proactive with strong people skills and ability to influence internal and external stakeholders.
Comfortable working collaboratively in a fast-moving, cross-functional team environment.
Team player with an ownership mindset and an eagerness to take on more work whenever possible.
Deep understanding of financial services, specifically in B2B financial services, banking, and / or digital asset management.
Ability to respond to regulatory inquiries and audits, including drafting, reviewing, implementing, and managing policies and procedures.
J.D. preferred.
What you’ll get from Chariot
At Chariot, we are building modern, end-to-end payment infrastructure making donors' lives easier, and nonprofits' lives better. $500B gets donated to charity each year in the US and the existing technology / infrastructure was still built for our grandparents' generation. Chariot is here to change that.
Impact
Increase donation volume to hundreds of thousands of nonprofits that service homelessness, health, education, the environment, and so much more.
An Exciting Challenge
Chariot is doing for charitable transactions what Visa did for the entire banking industry in the 1950s.
De-Risked
Integrated over 85% of the $230B DAF market, onboarded 52,000 nonprofits, and signed contracts with the largest fundraising platforms (GoFundMe, Givebutter, etc.).
Market opportunity
Billion dollar revenue opportunity. Fintech company operating in an untapped $440B market.
In Person Culture
NYC office with hybrid WFH optionality.
Benefits
Comprehensive healthcare, including options that are 100% covered by Chariot for you.
Strong time-off policy (18 days PTO and 11 holidays) - take the time off that you want and need to relax and recharge.
100% paid parental leave, including 12 weeks for primary caregivers.
Weekly team lunches.
Monthly team building events.
To get away - we all convene 2-3x / year company retreats.
Matching DAFs and daily charitable giving through GoodToday.
Pay Transparency
Base salary range of $150,000 - $200,000 with equity upside.
How to Apply
If you're interested in the role or have any questions please email your LinkedIn || Resume to hiring@givechariot.com
If this doesn’t seem right for you, but you know a good candidate, please forward this along.
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Salary : $150,000 - $200,000
