What are the responsibilities and job description for the Regulatory Compliance Manager position at LendingPoint, LLC?
This position can be located in Dallas, TX or Kennesaw, GA
At LendingPoint, we believe that everyone deserves to feel the power of possibilities. As an online fintech company, we’ve created advanced consumer, small business, and merchant point-of-sale lending solutions to unlock access to affordable loans and empower those working to build their financial potential. By creating technology that sees your potential, we’re driving a better lending and borrowing experience by finding more reasons to say “yes.”
More than just a job, LendingPoint is an exciting career choice where you’ll bring your expertise and experience to a talented team focused on ensuring regulatory consumer compliance with each transaction.
Are we speaking about you? Then keep reading.
What’s in it for You?
• Great compensation bonus potential
• Excellent Benefits Package That Includes: Medical/Dental/Vision, Paid Holidays and more!
- COMPANY PAYS MAJORITY OF EMPLOYEE COVERAGE for most medical plans!
• Team Oriented Fast-Paced Fun Environment
• Dedicated and experienced Management Team
• High Lending Capabilities
• On-going sales training and investment in our employees
What You’ll Do Day to Day:
The Compliance Manager will help ensure corporate initiatives and departmental processes comply with applicable laws and regulations. This role is responsible for designing and executing complex risk-based compliance transaction testing for the purpose of independently validating business line adherence to applicable laws and regulations.
ESSENTIAL JOB FUNCTIONS:
- Design and execute compliance testing in accordance with the annual compliance testing schedule.
- Assist with the development of the risk-based annual compliance testing schedule.
- Evaluate processes for key compliance controls and develop strategies to ensure appropriate and effective control testing.
- Identify any weaknesses in controls and causes of compliance deficiencies; conduct extensive research to support regulatory exceptions and propose appropriate corrective action.
- Assist with regulatory examination and various audit requests, including requesting and preparing materials, arranging logistics, coordinating meetings, facilitating communication; and assisting in the development of responses.
- Follow documented test plans, testing protocols and job aids as needed to obtain and analyze test data from multiple sources.
- Assess the adequacy of remediation activities, monitor through completion, and escalate past-due items.
- Monitor and notify the Legal Department of applicable regulatory developments that may impact the business.
- Work closely with other departments by arranging ongoing contact and assisting with the resolution of any identified findings or concerns.
- Prepare high quality work papers and final testing reports.
- Systematically retain documents that substantiate test results.
- Assist with other compliance-related projects and tasks as requested.
MINIMUM QUALIFICATIONS:
- Bachelor’s degree in a related field of study
- 6 years of compliance experience at a financial institution with at least 2 years compliance management experience
- Possess a general knowledge of the various regulatory consumer compliance laws and regulations, as well as audit and testing capability.
- Proficient in Microsoft Office software applications
- Excellent verbal and writing skills.
- Ability to manage multiple projects and deadlines simultaneously.
- Ability to interact with multiple lines of business to ensure that results are understood, and recommendations are implemented.
- High degree of integrity and strong work ethic