[Remote] VP EPW Supervision, Audit & Control at Empower

San Antonio, Texas, United States

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

FINRA Series 7 & 24 required
10+ years of relevant securities experience, preferably in compliance or supervision
Deep understanding and broad experience in regulatory requirements
Understanding of various securities products (DC plans, IRA, taxable accounts, etc.)
Sound judgment to balance various factors to achieve optimal outcomes
Experience with SOC1, ICOFR, etc
Proven ability to lead and influence others
Bachelor’s degree required

Responsibilities

Oversee all supervision, audit, and control programs across Empower Personal Wealth
Ensure operational and financial controls meet compliance standards and mitigate risk
Serve as the company’s audit, control, and risk subject matter expert
Lead annual SOC1 certification, control reviews, and incident management processes
Lead cross-enterprise initiatives (system user access reviews, organizational control changes, etc.)
Drive efficiency and process enhancements through technology, data, and best practices
Communicate and enforce all EPW policies, and assist with investigations and disciplinary determinations
Collaborate with Compliance Department and key stakeholders to monitor regulatory changes
Resolve complex problems and lead development of creative and advanced solutions
Demonstrate initiative, critical thinking and judgment on addressing and resolving complex processes

Skills

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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