What are the responsibilities and job description for the Compliance Specialist position at PowerPay?
Company Description
PowerPay is a financial technology company (fintech) in several vertical markets including home improvement, healthcare, and more. PowerPay is building a national network of partners that offer our financing solutions to their respective clients/customers/patients. PowerPay originates and services all loans.
www.getpowerpay.com
EOE
Job Description
Great new opportunity to join the PowerPay team!
New opportunity to join our growing company and become part of the Compliance team. PowerPay offers a great working environment (state of the art technology, spacious up to date office, full stocked kitchen, and more!) and the opportunity to contribute to the growth of the organization. Our aspirations are high and with your expertise you can help take our business to the next level.
JOB SUMMARY
The successful candidate will be responsible to manage the risks associated with all laws, regulations, and regulatory rules applicable across the lending life cycle and to ensure appropriate and sufficient controls are in place to mitigate those risks. Specific areas of operational focus include: application processing and underwriting, funding, account servicing, and collections.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned as needed.
- Assist with the development, implementation and maintenance of the Company’s Compliance Management Program. Ensure that policies, procedures and programs comply with applicable regulatory requirements and mitigate risk of non-compliance.
- Develop, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis.
- Serve as a compliance subject matter expert for the Company on lending compliance and related issues.
- Facilitate the coordination of compliance monitoring and risk assessments, providing periodic compliance reports to senior management. Manage remediation efforts.
- Manage and maintain enterprise-wide policies, standards, and procedures designed to achieve compliance with applicable laws, riles, and regulations.
- Maintain internal control standard, including timely support for implementation of internal and external audits, examinations, or investigations.
- Actively participate in assigned business initiatives (i.e. new product development, revised processes or systems, development and/or oversight of consumer facing notices and disclosures) and projects to ensure that related regulatory obligations are appropriately addressed.
Qualifications
MINIMUM REQUIREMENTS (Knowledge, Skills, Abilities)
- Bachelor’s degree in related field
- 1-2 years of experience in compliance, legal, audit, risk or other relevant function
- Strong leadership and relationship management skills including the ability to influence up and across the organization
- Successful track record of integrity, strong ethics and judgement
Additional Information
Benefits of working with PowerPay
- Team-centric company culture
- Growth Opportunities
All your information will be kept confidential according to EEO guidelines.