About Bright

Bright is a consumer fintech that helps Americans get out of debt, with the power of data science and machine learning. It is a mobile app that combines all the tools and tech needed to manage and get rid of debt.

Bright’s tools include credit score building, automated debt paydown plans, financial planning, budget planning tools, and refinance loans. It works with credit cards, student loans and car loans.

Bright has had 6x growth in the last year, with 300,000 users, and more than 100,000 ratings and reviews.

Bright is backed by three major venture capital funds (Sequoia, Falcon Edge and Hummingbird) and with top angel investors from the US, UK and India, Bright has raised +$40 million in funding to date.

Bright has recently raised $50M in debt funding from Encina Lender Finance, for its credit business growth. Encina Lender Finance provides lending solutions to consumer and commercial speciality finance companies across the U.S. and Canada.

Today we are among the top 8 US FinTech companies. We will become a top-100 US financial institution, with the unique strength of data science and predictive modeling to enhance financial products for a user’s life outcomes.

We will be the first at-scale Consumer Tech company, built in India for Global markets.

About Our Founders:

Bright was founded in 2019 by a founding team from McKinsey’s Banking Practice (Petko Plachkov and AviPatchava) and InMobi Data Scientist (Avi Patchava, Varun Modi, Avinash Ramakath, Jayashree Merwade)

What you get to do:

• Provide support and guidance to management while working collaboratively with the compliance team, Anti-Financial Crimes (AFC) team and other internal business partners

• Assist in providing direction on AFC matters company wide for new initiatives, ongoing enhancements and changes that affect key risk controls, system processes and training 

• Manage and complete BSA (Bank Secrecy Act) risk assessments, including identifying potential risks, evaluating the effectiveness of controls, and ensuring compliance with regulatory requirements

• Manage the implementation, support and rule tuning of the AML (Anti-Money Laundering) transaction monitoring system to ensure effectiveness and compliance with regulatory standards

• Lead responses to bank partner and audit inquiries regarding AFC controls and policies

• Develop and continuously evaluate/refine reporting of metrics/KRIs that measure the effectiveness of the AFC program and risk controls.

• Prepare decks and presentations to communicate implemented metrics, analysis, and insight to bank partners and key stakeholders

• Be a key stakeholder for special projects within the AFC department or other business initiatives that may require an AFC liaison.

• Demonstrate in-depth knowledge of technical BSA/AML/Sanctions regulatory and risk management requirements and demonstrate commitment to continuing involvement in training, certification and professional organizational activities.

• Review and provide Compliance approval of exception requests, new projects and business changes

• Act as a self-starter on other special projects and tasks for the BSA/AML/Fraud department with minimal direction.

• Identify necessary resources and actions to handle important work demands

What you will bring to the team:

• Bachelor's degree required

• 3 - 5 years experience with BSA/AML/Fraud or compliance risk management or audit/exams at a financial institution

• Required: 2.5+ years dedicated BSA/ AML/ Compliance advisory experience

• Proven ability to build strong strong relationships, working with all levels of both internal and external partners. 

• Demonstrated experience at influencing business partners to make necessary enhancements to controls, policies and procedures, systems, processes and techniques

• Strong knowledge of federal regulations under which OppFi operates; the Bank Secrecy Act (BSA), USA PATRIOT Act, Fair Credit Reporting Act (FCRA), Office of Foreign Asset Control (OFAC) and Sanction requirements and other financial crimes prevention laws, regulations and guidance.

• Strong work ethic, problem solving skills and sound judgment with an acute attention to detail

• Excellent skills in Excel, PowerPoint, Word, G Suite, and LexisNexis or other related investigative tools.  SQL and Jira knowledge abilities a plus

• Excellent communication skills, verbal and written