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Compliance Senior Director (Product)

DailyPay
New York, NY Full Time
POSTED ON 1/20/2025
AVAILABLE BEFORE 4/17/2025

Job Description

Job Description

About Us :

DailyPay, Inc. is transforming the way people get paid. As the industry's leading on-demand pay solution, DailyPay uses an award-winning technology platform to help America's top employers build stronger relationships with their employees. This voluntary employee benefit enables workers everywhere to feel more motivated to work harder and stay longer on the job, while supporting their financial well-being outside of the workplace.

DailyPay is headquartered in New York City, with operations throughout the United States as well as in Belfast. For more information, visit DailyPay's Press Center.

About Us :

DailyPay is the leader in the on-demand pay industry with an unrivaled technology platform, an unmatched list of blue-chip clients and an extensive list of industry awards. We are rewriting the invisible rules of finance by creating a new financial system. A financial system that is more equitable and inclusive, and benefits everyone. A financial system that enables workers to access their earned pay when they need it. We believe that money should move faster and smoother between employer and employee, between merchant and shopper, between financial institution and customer.

We are a mission-driven company hyper-focused on designing technology that can build a better financial system and future. It's no wonder that we are growing at an extraordinary pace. Now we are looking for people who are as passionate as we are about reimagining how money moves. If you're willing to define new rules, change systems and lives, come join us at DailyPay.

The Role :

DailyPay is seeking a highly motivated and experienced individual to join DailyPay's compliance department and provide leadership support in building and implementing a top-class, highly effective compliance program for DailyPay's fast-growing business. As the Compliance Senior Director (Product), you will play a crucial role in ensuring compliance for our products and services. Reporting to the Deputy General Counsel & Chief Compliance Officer, you will collaborate closely with various departments to ensure adherence to regulations and company policies.

If this opportunity excites you, we encourage you to apply even if you do not meet all of the qualifications.

How You Will Make an Impact :

  • Serve as key member of the Compliance team in building, executing, and expanding the company's compliance program.
  • Design and maintain companywide compliance policies, controls, and standards.
  • Provide leadership in promoting culture of ethics and integrity throughout organization and developing program features that embed compliance into all aspects of business.
  • Advise on the development, launch and iteration of DailyPay products and services.
  • Support the Chief Compliance Officer and other management and business leaders with compliance needs and questions.

What You Bring to The Team :

  • 7-10 years of experience at a top law firm, including hands-on consumer financial services (CFS) compliance experience and / or in-house legal role in CFS compliance.
  • Juris Doctor from an ABA-accredited, nationally recognized top law school and admission to the New York bar or another state bar.
  • Knowledge of and experience with oversight of CFS compliance programs.
  • Expertise and experience in at least some of the following : consumer financial services, fintech products, money service businesses, bank partnerships, issuer processing, federal / state licensing.
  • Deep understanding of BSA / AML / OFAC regulations, money transmission, Reg E, Reg Z, disputes / chargebacks, association and network rules, FCRA, marketing and advertising law (UDAP / UDAAP), privacy / data governance, cyber / information security, fraud prevention.
  • Experience interacting with financial regulators and / or sponsor banks in connection with the supervision of fintech product offerings, including registration, reporting, examinations, audits, inquiries and / or investigations.
  • Experience conducting internal monitoring and testing or product compliance.
  • Experience providing day-to-day compliance advice to product development, sales and marketing teams regarding CFS products and services.
  • Experience reviewing B2B and B2C marketing materials, UI / UX, consumer messaging.
  • Experience performing consumer complaint analysis to identify themes and root causes.
  • Superb interpersonal, verbal and written communication skills.
  • Sound legal judgment, commercial awareness and business acumen.
  • Ability to demonstrate highest degree of ethical leadership, professionalism, and integrity.
  • Ability to organize and manage complex projects.
  • Ability to multi-task, prioritize and work independently.
  • Occasional need to work outside of normal business hours as required to support customers may be required
  • What We Offer :

  • Exceptional health, vision, and dental care
  • Opportunity for equity ownership
  • Life and AD&D, short- and long-term disability
  • Employee Assistance Program
  • Employee Resource Groups
  • Fun company outings and events
  • Unlimited PTO
  • 401K with company match
  • Pay Transparency. DailyPay takes a market-based approach to compensation, which may vary depending on your location. United States locations are categorized into three tiers based on a cost of labor index for that geographic area. The salary ranges are listed by geographic tier. Additionally, this role may be eligible for variable incentive compensation and stock options. Where a candidate fits within the compensation range for a role is based on their demonstrated experience, qualifications, skills, and internal equity.

    New York City

    201,000—$268,000 USD

    Remote, Premium (California, Connecticut, Washington D.C., New Jersey, New York, Massachusetts, Washington)

    185,000—$246,000 USD

    Remote, Standard

    176,000—$234,000 USD

    DailyPay is committed to fostering an inclusive, equitable culture of belonging, grounded in empathy and respect, which values openness to opinions, awareness of lived experiences, fair treatment and access for all. We strive to build and develop diverse teams to create an organization where innovation thrives, where the full potential of each person is engaged, and their views, beliefs and values are integrated into our ways of working.

    We encourage people of all backgrounds to join us on our mission. If you require reasonable accommodation for any aspect of the recruitment process, please send a request to peopleops@dailypay.com. All requests for accommodation will be addressed as confidentially as practicable.

    DailyPay is an equal opportunity employer. All qualified applicants will receive consideration without regard to race, color, religion or creed, alienage or citizenship status, political affiliation, marital or partnership status, age, national origin, ancestry, physical or mental disability, medical condition, veteran status, gender, gender identity, pregnancy, childbirth (or related medical conditions), sex, sexual orientation, sexual and other reproductive health decisions, genetic disorder, genetic predisposition, carrier status, military status, familial status, or domestic violence victim status and any other basis protected under federal, state, or local laws.

    Salary : $176,000 - $234,000

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