The Compliance Manager will assist in supporting the Compliance Group's efforts to adhere to the rapidly changing legal and regulatory environment as it relates to the consumer lending industry.
The Compliance Manager supports in the implementation of the Compliance Management System (CMS) and associated Compliance Program components as developed by the Chief Compliance Office, and help to develop and execute strategies for closing compliance gaps.
Participates in job-specific training and other training programs as required, ensures compliance with federal and state consumer protection regulations and all loan servicing policies and procedures, and other duties as may be assigned.
Roles and Responsibilities:
Creating an inspiring environment with clear team goals, managing tasks and setting deadlines for the team
Responsible for supervising, managing and motivating team members on a daily basis
Assist in the maintenance and deployment of the company CMS and the Compliance Program components including, but not limited to: Training Curriculum, Complaint Management, Issue Management and Corrective Action, Third Party Risk and Oversight Management, Monitoring and Testing, Risk Assessment, and related activities
Understand business lines, operational areas, products and services and keep abreast of changes (new products, services or business practices)
Assist in evaluating the adequacy of business policies, procedures, training and reference materials, system and manual processes with respect to regulatory requirements
Identifies and assists in developing monitoring and testing work papers regarding operational areas of risk that may impact compliance and business losses
Identifies process improvement opportunities based on analysis of testing conducted and recommends operational best practices
Conduct process level reviews, track process improvement opportunities or updates, and assist in trend analysis development and reporting
Analyze testing results to identify trends/anomalies, provide feedback, and suggestions on potential process enhancements to improve business unit compliance
Assists in ensuring records are in order and comply with regulatory and internal retention guidelines.
Ensures appropriate departmental compliance training is conducted and assists with preparation of in tracking analysis development and reporting
Performs a variety of duties as required by the position and/or assigned
Working knowledge of consumer laws and regulations
Qualification & Experience:
A self-starting individual
As a team leader your communication skills should be excellent. You should also be able to act proactively to ensure smooth team operations and effective collaboration
Bachelor's Degree in Legal Studies, Political Science, Accounting, Finance, or related field
5 to 10 years of financial institution experience is required.
Compliance experience is required
Must be proficient in Microsoft Office (Outlook, Word, Excel, etc.),Adobe, and possess other computer-related skills
Exceptionally strong analytical, organization and research skills
Demonstrated reasoning and critical thinking skills with the ability to define problems, collect data, establish facts, and draw valid conclusions in order to make recommendations to management
Must maintain confidentiality and exercise discretion in performing daily duties
Project management experience is necessary to work effectively in a high-pressure environment with time constraints
Strong writing and presentation skills are required
Excellent interpersonal and communication skills are necessary for maintaining effective relationships with employees and business unit management
Nice to Have:
Consumer Lending Experience preferred
Data mining experience preferred
Certified Regulatory Compliance Manager (CRCM) certification is a plus but not required
We have a more accurate picture of Alice than other lenders. We use more data, from more sources. We analyze it using the most advanced data science. We can see that she is, in fact, a good risk. So we can lend to her at a risk-appropriate rate.
Teamlease does not charge any kind of payment for a job.