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, we’re a remote-first company with 550+ employees and over 30 OEM and 4,000 dealer partners.

As Octane’s Compliance Counsel, you will work closely with the Sr. Vice President and Compliance Counsel, serving as the liaison between the compliance team and business units company-wide. As Compliance Counsel, you will provide legal advice necessary for the effective execution of the Company’s Compliance Management System. You will demonstrate a mastery of relevant local, state and federal consumer protection and regulatory laws and their application to business operations and take responsibility for the effective execution of the Compliance Management System.

Responsibilities:

• 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 same and operational readiness.
• Collaborate with team members to identify issues and improve existing processes and procedures to ensure consistent interpretation and application of legal requirements across Octane’s product portfolio.
• Provide risk & compliance advisory support throughout the organization on end-to-end processes and product launches.
• Provide support to the company’s 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.
• 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 Bar Association membership with 1 or more states.
• 3+ years of experience in consumer finance law and regulation.
• 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 applying a vendor management program.
• 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).
• Advance skills with the 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 laymen across the company.
• The ability to handle ambiguity and uncertainty at a small to mid size company.
• Project and time management skills.
• Ability to operate autonomously.

Compensation: The role described above offers a base salary of $140,000 to $170,000. Your offer will be based on the alignment of your qualifications with the requirements of the job, location, and internal equity. In addition to the above-mentioned salary, Total Rewards include a stock option package, and benefits as outlined below.

• Robust Health Care Plans (Medical, Dental & Vision)
• 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.
• Powersports Safety Benefit
• Wellhub (Gympass) Wellness Benefit

Disclaimer : The above statements are intended to describe the general nature and level of work being performed by associates assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

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.

Create a Job Alert

Interested in building your career at Octane? Get future opportunities sent straight to your email.

Apply for this job

*

indicates a required field

First Name *

Last Name *

Email *

Phone *

Location (City) *

Resume/CV *

Enter manually

Accepted file types: pdf, doc, docx, txt, rtf

Enter manually

Accepted file types: pdf, doc, docx, txt, rtf

LinkedIn Profile

Do you now, or will you ever require sponsorship to work in the United States? * Select...

Do you have direct experience with consumer lending? * Select...

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey.Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiringprocess or thereafter. Any information that you do provide will be recorded and maintained in aconfidential file.

As set forth in Octane’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection.As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.

Select...

Voluntary Self-Identification of Disability

Form CC-305

Page 1 of 1

OMB Control Number

Expires 04/30/2026

Voluntary Self-Identification of Disability

Form CC-305 Page 1 of 1 OMB Control Number Expires 04/30/2026
Why are you being asked to complete this form?

We are a federal contractor or subcontractor. The law requires us to provide equal employment opportunity to qualified people with disabilities. We have a goal of having at least 7% of our workers as people with disabilities. The law says we must measure our progress towards this goal. To do this, we must ask applicants and employees if they have a disability or have ever had one. People can become disabled, so we need to ask this question at least every five years.

Completing this form is voluntary, and we hope that you will choose to do so. Your answer is confidential. No one who makes hiring decisions will see it. Your decision to complete the form and your answer will not harm you in any way. If you want to learn more about the law or this form, visit the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) website at .

How do you know if you have a disability?

A disability is a condition that substantially limits one or more of your “major life activities.” If you have or have ever had such a condition, you are a person with a disability. Disabilities include, but are not limited to:

• Alcohol or other substance use disorder (not currently using drugs illegally)
• Autoimmune disorder, for example, lupus, fibromyalgia, rheumatoid arthritis, HIV/AIDS
• Blind or low vision
• Cancer (past or present)
• Cardiovascular or heart disease
• Celiac disease
• Cerebral palsy
• Deaf or serious difficulty hearing
• Diabetes
• Disfigurement, for example, disfigurement caused by burns, wounds, accidents, or congenital disorders
• Epilepsy or other seizure disorder
• Gastrointestinal disorders, for example, Crohn's Disease, irritable bowel syndrome
• Intellectual or developmental disability
• Mental health conditions, for example, depression, bipolar disorder, anxiety disorder, schizophrenia, PTSD
• Missing limbs or partially missing limbs
• Mobility impairment, benefiting from the use of a wheelchair, scooter, walker, leg brace(s) and/or other supports
• Nervous system condition, for example, migraine headaches, Parkinson’s disease, multiple sclerosis (MS)
• Neurodivergence, for example, attention-deficit/hyperactivity disorder (ADHD), autism spectrum disorder, dyslexia, dyspraxia, other learning disabilities
• Partial or complete paralysis (any cause)
• Pulmonary or respiratory conditions, for example, tuberculosis, asthma, emphysema
• Short stature (dwarfism)
• Traumatic brain injury

Disability Status Select...

PUBLIC BURDEN STATEMENT: According to the Paperwork Reduction Act of 1995 no persons are required to respond to a collection of information unless such collection displays a valid OMB control number. This survey should take about 5 minutes to complete.

#J-18808-Ljbffr