Compliance Specialist at Noyo

New York, New York, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

FintechIndustries

Requirements

Passionate about finding the right balance of innovation and compliance for underserved markets
Understanding of a data-driven approach to compliance
Ability to effectively communicate across the organization and with external stakeholders
Experience with risk and compliance teams is preferred
Ability to quickly grasp new technologies and analysis tools

Responsibilities

Assist in the monitoring of the Compliance Portal, used to escalate approvals, inquiries, issues and enhancements of compliance and risk matters from other lines of business; identify, create, recommend, and implement new and/or enhanced practices
Contribute to the development and implementation of new and/or enhanced compliance programs and enterprise-wide initiatives
Research and assess new and proposed regulatory requirements (e.g., statutes, regulations, bulletins) to assist in the development of risk assessment, written program and compliance testing responsibilities
Execute tasks accurately within timeframes allotted while working collaboratively across multiple lines of business
Execute and enhance a framework for completion of reporting, including reports for management and banking partners
With minimal supervision, perform analysis, identify trends and follow up on opportunities of enhancement
Partner with other members of the risk and compliance team to query various data points leveraged for third-party audit, internal compliance testing, risk assessment and other ad-hoc needs
Support the design, maintenance, and organization of compliance reporting libraries, shared drives, and documentation repositories
Explore and quickly grasp new technologies and analysis tools

Skills

Key technologies and capabilities for this role

Compliance MonitoringRisk ManagementRegulatory ResearchCompliance ProgramsRisk AssessmentCompliance TestingReportingStakeholder CommunicationData-Driven Compliance

Questions & Answers

Common questions about this position

What is the work arrangement or location policy for this role?

This is a hybrid position requiring the ability to work from offices in NYC, Miami, India, or Colombia at least 3+ days per week.

What is the salary for the Compliance Specialist position?

This information is not specified in the job description.

What skills are required for this Compliance Specialist role?

Key requirements include passion for balancing innovation and compliance, understanding of data-driven compliance approaches, effective communication across the organization and with stakeholders, experience with risk and compliance teams (preferred), and ability to quickly grasp new technologies and analysis tools.

What is the company culture like at Novo?

Novo has a positive, inclusive, supportive culture that cheers you on your journey, with a mission-driven team passionate about helping small businesses.

What makes a strong candidate for this Compliance Specialist position?

Strong candidates are pragmatic, capable people of character passionate about innovation and compliance in underserved markets, with a data-driven mindset, strong communication skills, and the ability to quickly learn new technologies while working collaboratively.

Noyo

Benefits data platform for B2B automation

About Noyo

Noyo provides a platform for managing and exchanging employee benefits data. The platform synchronizes important benefits information, making it readily available for businesses in the benefits and insurance sectors. This synchronization allows companies to design and deliver benefits more effectively, improving the experience for both employers and employees. Noyo differentiates itself from competitors by focusing on automation and seamless integration of benefits data, which helps streamline operations for its clients. The goal of Noyo is to empower businesses to create more efficient benefits programs through advanced tools and technology.

Boston, MassachusettsHeadquarters

2017Year Founded

$55.9MTotal Funding

SERIES_BCompany Stage

Enterprise Software, Financial ServicesIndustries

51-200Employees

Risks

Emerging insurtech startups using API technology may increase competition for Noyo.

Continuous updates to Noyo's platform may be costly due to rapid tech advancements.

Data privacy concerns could arise as Noyo expands its data handling capabilities.

Differentiation

Noyo is the first to offer API solutions for benefits enrollment and eligibility.

Noyo's Command Center provides a no-code interface for managing benefits enrollments.

Noyo's platform ensures SOC 2 Type II and HIPAA compliance for secure data management.

Upsides

API technology adoption is accelerating, enhancing operational efficiency in the insurance sector.

Noyo's strategic partnership with The Standard boosts its digital transformation capabilities.

Customization of benefits is gaining traction, attracting more clients to Noyo's platform.

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