Director of Compliance (Compliance Assurance)
6 hours ago
We are looking for an experienced and energetic Director of Compliance (Compliance Assurance) to join OppLoans’ expanding and dynamic Compliance Department. This role will report directly to the Chief Compliance Officer and the main responsibilities are:
Assisting the CCO in implementing our Compliance Management System and Compliance Risk Management Framework.
Define the compliance testing scope of work, develop test programs, conduct reviews of business units and support functions against an inventory of regulatory obligations.
Define and manage issues management and corrective action processes, including risk rating definitions, root cause and remediation tracking.
Define and manage regulatory risk assessment process, including metrics, risk weighting and reporting.
Manage the company’s employee and board regulatory training processes, including vendor management, content, and reporting.
Demonstrate functional or proficient working knowledge of the prudential, financial crimes, and consumer lending regulations including but not limited to the Bank Secrecy Act; USA Patriot Act; Equal Credit Opportunity Act; Truth In Lending Act; Fair Lending; Unfair, Deceptive, or Abusive Acts or Practices Act; Servicemembers Civil Relief Act and their implementing Regulations as well as other relevant regulatory requirements.
Ensure testing is performed in compliance with the relevant policy, procedures, and testing standards.
Take on other projects and provide input into testing and monitoring program to ensure that it is effectively aligned with business level monitoring and audit processes.
Work in collaboration with Business Compliance Officers and other stakeholders in various phases of compliance testing, issues management and risk assessments, including planning, notification, fieldwork, escalation, reporting and follow-up.
Demonstrate ability to exercise judgment in assessing the material significance and relevance of identified compliance exceptions and risks and ensure timely escalation.
Develop reports, which are concise, timely and provide value to business and management to continuously improve compliance controls and mitigate risks.
Identify, track and communicate compliance findings, issues and risks and make issue remediation recommendation, and work with responsible owners to address the items on a timely basis; ensure appropriate issue reporting and escalation.