Senior Compliance Counsel

Octane is revolutionizing recreational purchases by delivering a seamless, end-to-end digital buying experience. We connect people with their passions by combining cutting-edge technology and innovative risk strategies to make lifestyle purchases - like powersports vehicles, RVs, and OPE - fast, easy, and accessible.

Octane adds value throughout the customer journey: inspiring enthusiasts with our editorial brands, including Cycle World and UTV Driver, instantly prequalifying consumers for financing online, routing customers to dealerships for an easy closing, and supporting customers throughout their loan with superior loan servicing.

Founded in 2014, were a company with 550+ employees and over 30 OEM and 4,000 dealer partners.

We are seeking a Senior Compliance Counsel who will work closely with the Senior Vice President and Compliance Counsel as well as the Associate Compliance Counsel, serving as the liaison between the compliance team and business units company-wide. As Senior Compliance Counsel, you will provide legal advice and support necessary for the effective execution of the Companys Compliance Management System and various product launches. You will demonstrate a mastery of relevant local, state and federal consumer protection and regulatory laws and their application to business operations. This position will be based in our Irving, Texas location.

Responsibilities

• You will monitor and analyze federal, state, and local regulatory developments concerning consumer lending, lending operations and other activities that may impact our company, marketplace, and industry, and engage with our business partners to ensure understanding of the same and operational readiness.
• You will collaborate with team members to identify issues and improve existing processes and procedures to ensure consistent interpretation and application of legal requirements across Octanes product portfolio.
• Provide risk & compliance advisory support throughout the organization on end-to-end processes and product launches.
• Provide support to the companys consumer complaint program.
• Support compliance issue management activities to ensure timely review and remediation of potential compliance risks and vulnerabilities.
• Collaborate with leadership to ensure visibility into compliance risks impacting key initiatives, company growth, or business partners.
• Manage regulatory exam, audit, and litigation requests as needed.
• Maintain the company's various lending & servicing licenses as well as handling volume reporting related to those licenses.
• Solve regulatory questions through research and collaboration with the compliance team and outside counsel.
• Work with the executive team to advise on business decisions with respect to legal and compliance requirements in our heavily regulated industry.
• Negotiate the company's vendor contract needs.
• Advise on contract status, legal risks, and the legal liabilities associated with different transactions.
• Oversee the review, drafting and negotiation of contracts related to business needs and deliver legal direction and counsel to staff.
• Responsible for updating policies and procedures in line with statutory, regulatory, and contractual requirements.
  
  

Requirements

• J.D. from an ABA accredited law school and admitted to practice in at least one US state.
• Minimum 3+ years of experience in consumer finance law and regulation.
• Minimum 5+ years of experience as an attorney.
• Excellent negotiation, consultation, and analytical skills.
• Experience drafting, reviewing and negotiating commercial vendor contracts and SaaS agreements and proficiency in service level agreements, industry trends and best practices.
• Knowledge of 3rd party risk assessments and vendor management programs.
• Knowledge of relevant consumer lending, consumer protection, cybersecurity, privacy and security regulations (Including but not limited to: TILA, FCRA, FDCPA, AML/BSA, OFAC sanctions and UDAAP).
• Advanced skills with Google Suite, MS Office, DocuSign and other online platforms.
• Outstanding communication skills, both verbal and written and the ability to explain complex legal issues to laypersons across the company.
• The ability to handle ambiguity and uncertainty at a small company.
• Demonstrating effective project and time management skills.
• Operate autonomously.

Benefits:

• Robust Health Care Plans (Medical, Dental & Vision)
• Generous Parental Leave
• Up to 5 weeks time off (self-managed)
• Retirement Plan (401k) with company match!
• Educational Assistance/Tuition Reimbursement up to $3K/year
• Life Insurance (Basic, Voluntary & AD&D)
• Short Term / Long Term Disability
• Robust Ancillary benefits including accident insurance, hospital insurance, etc.
• Gympass wellness benefit
• Powersports Safety Benefit

Octane Lending is an equal opportunity employer committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected status with respect to recruitment, hiring, promotion and other terms and conditions of employment.

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