Varo is an entirely new kind of bank. All digital, mission-driven, FDIC insured and designed for the way our customers live their lives. A bank for all of us.

About The Role

As the Manager of Compliance Testing, you will be a key leader in the bank’s Second Line of Defense (2LoD). You will be responsible for designing, implementing, and overseeing a comprehensive consumer compliance testing program to ensure the bank’s operations adhere to federal and state regulations, internal policies, and industry best practices. You will lead a team of compliance professionals, providing strategic direction and technical expertise to identify control weaknesses and drive remediation across all business lines.

We’re looking for someone who can provide leadership and guidance in compliance testing and has prior Audit or Compliance testing and monitoring experience in a regulated banking environment. This person should have a strong knowledge of all consumer compliance regulations. The ideal candidate understands how to apply consumer laws and regulations in a practical and effective way and who can provide leadership and guidance in compliance, has good communication skills, both verbal and written, is detail-oriented, and can multitask and work well under pressure.

Responsibilities

Strategy & Execution: Direct the end-to-end compliance testing lifecycle, including risk-based methodology development, strategic planning, and the execution of the annual Compliance Testing Plan.
Scoping & Scripting: Define testing scopes, sampling methodologies, and test scripts for complex consumer regulatory areas (e.g., Fair Lending, UDAAP, Reg E, Reg Z, and Privacy) across all Varo products and processes.
Leadership & QA: Manage, mentor, and develop a team of compliance testers; perform quality assurance reviews on workpapers and reports to ensure findings are supported by robust evidence.
Issue Management & Remediation: Oversee the end-to-end issue tracking process; partner with 1LoD business unit leaders to identify systemic control gaps, develop Corrective Action Plans (CAPs), and validate sustainable remediation.
Stakeholder Reporting & Exam Support: Prepare and present high-level summary reports for the CCO, Risk Committee, and Board of Directors; support the CCO during regulatory examinations (OCC, Federal Reserve, FDIC, or CFPB) and internal audits.
Regulatory Regulatory Compliance (FDIC Part 370): Validate and certify processes for FDIC Part 370, ensuring the integrity of recordkeeping for timely deposit insurance determinations.
Advisory & Regulatory Horizon: Monitor changing banking laws and regulations to proactively adjust testing protocols, while providing ad hoc compliance advisory support to cross-functional business partners.

Skills & Qualification

Minimum 3–5 years of experience directly managing a team of compliance testers or auditors.
8–10+ years of experience in regulatory compliance, internal audit, or risk management within the US banking or financial services industry.
Experience working with and influencing cross functional teams and the ability to explain complex issues simply and effectively
Embrace a growth mindset that drives innovation
Proven experience designing and implementing risk-based testing programs.
Direct experience interacting with federal examiners (e.g., OCC, FDIC, CFPB, or Federal Reserve) during audits or examinations.
Deep technical proficiency in consumer compliance regulations, including but not limited to:
- Lending: TILA (Reg Z),), Fair Lending (ECOA/FHA).
- Deposits/Operations: Truth in Savings (Reg DD), EFTA (Reg E), Privacy (GLBA).

Ability to leverage data analytics tools (e.g., SQL, Tableau, PowerBI, or ACL/SAS) to perform "full-population" testing rather than just manual sampling.

Ability to problem-solve, review and analyze data, locate its source, effectively assess risk, identify root causes of issues, and identify operational deficiencies
Experience with the Google Suite toolset preferred
CRCM preferred

For cash compensation, we set standard ranges for all US-based roles based on function, level, and geographic location, benchmarked against similar-stage growth companies. Final offer amounts are determined by multiple factors as well as candidate experience and expertise and may vary from the identified range.

This role is also eligible for a bonus, equity, and competitive benefits.

Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

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