Regulatory Compliance Specialist

Boulo is helping our client recruit for a part-time and fully remote Financial Compliance Specialist to ensure the company is adhering to state and federal EWA regulations in a rapidly changing regulatory environment.

Employment Type: Part-time, 20 hours per week

Flexibility: Flexible work hours, fully remote

Pay: $30 - $40 per hour

Our client is seeking a proactive and knowledgeable Regulatory Compliance Specialist to join our team at a leading Earned Wage Access (EWA) provider. As part of their compliance team, you will play a key role in ensuring their services comply with federal, state, and local regulations impacting the EWA industry, while managing risk and supporting our commitment to ethical, transparent, and customer-focused business practices. This role will involve keeping up to date with regulatory changes, preparing necessary filings, advising internal teams, and working closely with regulatory bodies.

Responsibilities:

• Stay up to date with emerging regulations, compliance trends, and changes in federal and state laws impacting EWA services, including consumer protection laws, wage and hour regulations, lending regulations, and data privacy laws (e.g., CCPA, GDPR).
• Prepare and submit required regulatory filings, reports, and documentation to relevant regulatory agencies (e.g., state financial regulators, the CFPB, or other applicable authorities) on time and in compliance with all requirements.
• Assist in the creation, implementation, and continuous updating of internal compliance policies and procedures to ensure ongoing alignment with regulatory changes in the EWA and financial services sectors.
• Lead or assist in internal audits of EWA products and services, identifying potential compliance risks and ensuring mitigation strategies are put in place.
• Act as the primary liaison with regulatory bodies, ensuring clear communication regarding compliance efforts, audit results, and responses to inquiries or investigations.
• Develop a process for identifying, tracking, and implementing changes in regulation that could impact the firm’s business practices, and ensure relevant stakeholders are informed of those changes.
• Maintain accurate and comprehensive records of all compliance activities, correspondence with regulatory bodies, audit results, and other documentation for internal tracking and future reference.
• Ability to engage with regulatory agencies confidently, build relationships, and advocate for the firm’s position.