[Remote] Senior Product Compliance Manager at Empower

San Antonio, Texas, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Bachelor’s degree or equivalent experience (advanced degree preferred)
10+ years of financial services compliance experience with a focus on product development and oversight
Ability to learn and develop a deep understanding of the business; build strong relationships through regular communication and active participation in committees and projects; and objectively assess inherent regulatory risks, including developing a comprehensive understanding of the control environment, accurately identifying weaknesses, measuring control effectiveness, and partnering with the business to advocate for and drive effective remediation
FINRA Series 7 and 65 (or 7 and 66) plus 9/10 or 24 required, or ability to obtain within corporate timelines; FINRA fingerprinting required
Strong knowledge of the Investment Advisers Act of 1940, FINRA rules, and related securities regulations
Deep understanding of complex products such as SMAs, alternatives, and capital markets offerings
Proven experience reviewing marketing materials for regulatory accuracy and fairness
Ability to analyze regulatory trends and provide practical, risk-based solutions
Excellent communication, collaboration, and relationship-building skills

Responsibilities

Provide compliance guidance from product concept through post-launch oversight
Partner with Product, Legal, and Risk teams to evaluate regulatory requirements for new or modified products
Identify and coordinate updates to ADV filings, disclosures, and policies tied to product changes
Review and advise on product marketing materials to ensure accuracy and compliance under SEC, FINRA, and DOL rules
Collaborate with business partners to balance innovation with regulatory expectations
Participate in governance forums, committees, and working groups on product development and communications
Track regulatory developments and advise leadership on potential product impacts
Maintain and enhance internal procedures supporting Empower’s product compliance framework
Prepare summaries and reports for senior leadership on compliance activities and emerging risks
Partner with cross-functional stakeholders to ensure product-related risks are identified, documented, and mitigated

Skills

Key technologies and capabilities for this role

SEC regulationsFINRA regulationsDOL regulationsProduct complianceRegulatory guidanceADV filingsProduct lifecycle governanceRisk managementCompliance reporting

Questions & Answers

Common questions about this position

What experience is required for the Senior Product Compliance Manager role?

Candidates need a Bachelor’s degree or equivalent experience (advanced degree preferred), 10+ years of financial services compliance experience focused on product development and oversight, and FINRA Series 7 and 65 (or 7 and 66) plus 9/10 or 24 required, or ability to obtain within corporate timelines, with FINRA fingerprinting required.

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

The company offers a flexible work environment, though specific details on remote or office requirements are not provided.

What is the salary or compensation for this role?

This information is not specified in the job description.

What is the company culture like at Empower?

Empower emphasizes a flexible work environment, fluid career paths with celebration of internal mobility, purpose, well-being, work-life balance, and creating a welcoming and inclusive environment where associates volunteer extensively.

What makes a strong candidate for this position?

A strong candidate will have the ability to learn and develop a deep understanding of the business, build strong relationships through communication and participation in committees, objectively assess regulatory risks, understand the control environment, identify weaknesses, measure control effectiveness, and drive remediation.

Empower

Personal finance management and credit building

About Empower

Empower.me provides personal finance management and credit building services through a subscription model. Users can sign up for a 14-day free trial, after which they pay $8 per month for access to various financial tools. These tools include customizable payment plans, budgeting features, and credit score monitoring. A key aspect of Empower.me is its focus on helping users build credit by reporting their payments to credit bureaus, which can enhance their credit history if payments are made on time. Additionally, Empower.me offers a Thrive line of credit, which involves a soft inquiry on the user's credit report, ensuring that their credit score remains unaffected during the application process. Unlike many competitors, Empower.me specifically targets individuals with no minimum credit score, aiming to improve their financial health and savings.

San Francisco, CaliforniaHeadquarters

2016Year Founded

$96.8MTotal Funding

LATE_VCCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Generous equity package

Full healthcare benefits

Unlimited PTO

Technology expense reimbursement

Work from anywhere

Risks

Increased competition from fintech companies like Chime and Varo could impact market share.

Integration challenges from acquisitions may disrupt operations and delay strategic goals.

Regulatory scrutiny on credit services could increase compliance requirements and costs.

Differentiation

Empower offers a unique subscription-based model for financial management tools.

The company focuses on credit building by reporting payments to credit bureaus.

Empower's Thrive line of credit involves a soft inquiry, not affecting credit scores.

Upsides

Acquisition of Petal and Cashalo expands Empower's product offerings and customer base.

Increased demand for financial literacy tools among millennials and Gen Z benefits Empower.

Growing interest in alternative credit scoring aligns with Empower's mission for underserved consumers.

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