Job type full-time number of hires for this role 1
Full job description
Company overview: about oportun Oportun (nasdaq: oprt) is a financial services company and digital platform that provides responsible consumer credit to hardworking peopleUsing a.i.-driven models that are built on years of proprietary customer insights and billions of unique data points, we have extended millions of loans and billions in affordable credit, providing our customers with alternatives to payday and auto title loansIn recognition of our responsibly designed products which help consumers build their credit history, we have been certified as a community development financial institution (cdfi) since 2009.
Oportun’s impact Since extending our first loan in 2006, oportun has made over 4 million loans, totaling over $10 billion to hardworking low- and moderate-income individualsIn turn, oportun has helped more than 905,000 people begin establishing the credit history required to enter the financial mainstreamAt the same time, oportun’s customers have saved an estimated $1.9 billion in interest and fees compared to the alternatives typically available to them.
Overview: oportun is looking to expand its world-class and highly experienced legal and compliance team responsible for serving as a strategic partner and providing sound legal advice to a mission-driven company that offers affordable and credit building productsThe position will provide legal advisory support for the origination of oportun’s installment loan, auto, credit card and bank partner productsIn this role, the srParalegal, licensing and examinations will report to the srDirector, srRegulatory counsel and will work closely with oportun’s lawyers, compliance officers, executive business partners and operational teamsThis is an opportunity to work in a fast-paced, mission-driven organization where your contributions can have a meaningful impact on underbanked and unbanked consumers. Responsibilities:
Responsible for managing state licensing, including assisting in researching licensing requirements and managing paralegal who prepares and submits state licenses and related filings. Responsible for managing annual report filings pursuant to state licensing requirements. Manage paralegals who research federal and state laws applicable to consumer loan originations, marketing, servicing and collections, including loan fees, usury rates, and loan restrictions, and maintain state-by-state matrices. Manage state regulatory examinations, including interaction with state examiners and internal partners to assist in gathering materials and responses. Manage paralegals who perform legal research projects and prepare written analyses and business requirements. Manage paralegals that maintain federal and state legal monitoring system to track legal developments related to loan originations, servicing and collections, including statutes, regulations, regulatory guidance, consent orders, case law, etcCoordinate with in-house regulatory counsel.
Bachelor’s degree or paralegal certificate from an american bar association-approved program. At least 3-5 years’ experience managing state licensing and examinations, including experience working with state regulators on licensing and examinations. At least 3-5 years’ experience in consumer banking or consumer finance preferred. Must be a self-starter and detail-orientedStrong legal research and writing, analytical, and organizational skills required. Experience performing multi-state legal research, including administrative regulations and guidance. Knowledge of state and federal consumer protection laws related to consumer finance, g., ecoa, tila, glb privacy act, scra and mla, preferred. Computer literate and proficient in microsoft word, excel and access, as well as westlaw or lexisSharepoint a plus. Ability to manage multiple conflicting priorities set by the business while still meeting internal department goals. Effective interpersonal and communication skills with the ability to work as part of a team involving staff, clients and outside agenciesPositive professional attitude. Ability to travel approximately about 10% - 20% of the time. Fluency in spanish is desired.
Job type: full-time
8 hour shift
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