Compliance Analyst at Pomelo

San Francisco, California, United States

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Technology, Remittance, Consumer CreditIndustries

Requirements

Candidates should possess a Bachelor’s degree in a relevant field, such as Finance, Law, or Compliance, and demonstrate at least 3 years of experience in regulatory compliance, particularly within the financial services industry. Strong knowledge of federal and state regulations, including Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), Unfair, Deceptive, or Abusive Acts or Practices (UDAAP), Bank Secrecy Act/Anti-Money Laundering (BSA/AML), and state Money Transmitter Licensing (MTL) requirements is essential. Experience in FinTech environments is highly valued.

Responsibilities

The Regulatory Compliance Analyst will interpret and apply relevant regulations like TILA, Reg. Z, ECOA/Reg. B, UDAAP, BSA/AML, OFAC, FinCEN guidance, and state MTL rules to new and existing products, advising Product and Engineering on compliant designs and disclosures. They will design and execute risk-based compliance testing plans across the customer journey, document findings, and track corrective actions. The Analyst will also draft and maintain compliance policies, standard operating procedures (SOPs), and control matrices, develop and deliver compliance training, prepare compliance dashboards for management, and support regulatory exams and audits.

Skills

Truth in Lending Act (TILA)

Equal Credit Opportunity Act (ECOA)

Unfair, Deceptive, or Abusive Acts or Practices (UDAAP)

Bank Secrecy Act/Anti-Money Laundering (BSA/AML)

OFAC

FinCEN guidance

State Money Transmitter Licensing (MTL)

FinTech

Regulatory interpretation

Risk assessment

Compliance testing

Policy development

Procedure documentation

Training development

Regulatory reporting

Audit support

Pomelo

Facilitates fee-free international money transfers

About Pomelo

Pomelo simplifies international money transfers, focusing on markets like the Philippines, Mexico, and India. It provides a mobile app and a card system that allows users in the U.S. to send money to family members abroad instantly and without fees. Recipients receive a Pomelo card, enabling them to access funds immediately without cash pickup. A unique aspect of Pomelo is that it uses credit for transfers, which helps users build their credit scores in the U.S. Each purchase made by the recipient contributes to the sender's credit score, offering a dual benefit. Pomelo's goal is to provide a seamless, cost-effective money transfer service while also promoting financial growth for its users.

Salt Lake City, UtahHeadquarters

2020Year Founded

$53.5MTotal Funding

DEBTCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Health Insurance

Parental Leave

Unlimited Paid Time Off

Travel Stipend

Wellness Stipend

Commuter Benefits

Sabbatical Leave

In Office Meals

Risks

Increased competition from companies like Thunes could capture market share.

Regulatory challenges may arise in expanding to new markets like Mexico.

Dependence on partnerships poses risks if dynamics change or priorities shift.

Differentiation

Pomelo offers fee-free international money transfers using credit instead of cash.

The company helps users build credit scores through international transactions.

Pomelo's mobile app and card system provide instant access to transferred funds.

Upsides

Pomelo raised $35M in Series A funding, enhancing its financial capabilities.

Partnership with Thunes expands Pomelo's reach in the Philippines market.

Integration with digital wallets like GCash increases accessibility for recipients.

Land your dream remote job 3x faster with AI

Try Jobo Free