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Compliance Analyst

Company: TMX Finance Family of Companies
Location: Carrollton
Posted on: May 12, 2022

Job Description:

OverviewNow Offering a $2,500 Sign-On Bonus*!The Compliance Analyst is a valued member of a sharp, dedicated, and proactive team of compliance professionals and joins the compliance team, as a whole, in implementing a comprehensive compliance management program that adheres to federal, state, and local laws. -The Compliance Analyst serves a critical team role, working closely with other team members, our field and corporate personnel, and regulatory authorities to resolve compliance issues and mitigate compliance risks, which allows our business to continue to grow and innovate. You will also participate in system testing, tracking behavior, and analyzing data to determine areas of risk. Through extracting data and developing reports, you will be instrumental in enforcing product compliance within systems and throughout the organization. Essential Responsibilities

  • Monitor new product development and related systems and participate in testing, planning, execution, reporting, and tracking system behavior.
  • Develop and maintain effective and positive working relationships with business partners (including, for example, Product, Operations, and Internal Audit) to ensure a strategic partnership on compliance risk management while also partnering with peers on compliance and other special projects
  • Respond to field inquiries such as document correction requests, policy/procedures clarifications, wrongful recoveries, deceased borrowers, damaged vehicles, missing inventory, seizures, settlements, fraud/theft issues, and general questions.
  • Partner with field leadership, participate in period field management meetings, provide updates and guidance on issues, concerns or changes, and provide field coaching and training.
  • Effectuate compliance strategies, develop, and maintain enhancements to support a comprehensive compliance management program.
  • Develop and maintain expertise in federal, state and local laws, regulations and regulatory developments affecting the consumer financial services industry, and support company compliance by:
  • Collaborating with the Legal team to keep abreast of applicable regulatory changes and updating those changes in Compliance team resource documents.
    • Maintaining professional relationships with state regulatory authority personnel;
    • Reviewing and responding to state examination reports;
    • Independently communicating with state regulators on any issues requiring follow-up and maintain detailed exam files;
    • Support legal/outside counsel in efforts to resolve regulatory litigation issues;
    • Assisting licensing team on matters related to licenses;
    • Creating and updating product/customer documents, disclosures, state rate schedules, etc. and maintaining library of current and archival product/customer documents; and
    • Reviewing field management audits for compliance issues and, assessing store training needs, developing recommended action plans to reduce or eliminate future risk and working with the Compliance Manager and field leadership on plan implementation.
    • Support development of business requirements for new products and enhancements, including, software product and controls testing, quality assurance, reporting, defect remediation, data dumps, static pool analysis, etc.
    • Perform regulatory risk assessments and root cause analyses to measure impact on business processes and procedures, and advise on and implement best practices to remain compliant with fast-paced regulatory expectations.
    • Conduct product and feature monitoring and other post-release testing, to identify compliance issues and help prioritize, develop, and implement corrective measures.
    • Advise on opportunities to enhance the effectiveness of departmental policies and procedures, software controls, and additional training needs.
    • Support document retention, maintenance in compliance with legal and internal record retention requirements.
    • Collaborate with internal audit team to provide guidance on review corporate and business operations, help implement internal compliance controls, and validate existing controls.
    • Team with business partners and Legal generally to develop creative, compliant solutions to business objectives that drive business results. Minimum Qualifications
      • Bachelor's Degree is strongly preferred
      • 1-3 years of banking, data analytics, other financial or data privacy compliance, and/or internal audit experience
      • Working knowledge of SQL
      • Strong attention to detail with robust data analysis skills
      • Ability to learn new tasks, systems, or processes quickly
      • Proficient in Microsoft Office Suite, with strength in Microsoft Excel.
      • Very strong analytical, written, and oral communication skills
      • Ability to thrive in a strong team environment, while managing through independent judgment and discretion, various compliance projects and programs from conception to successful implementation
      • Physical demands for this position frequently include: the ability to remain in a stationary position, move about freely inside and occasionally outside of the office, and the operation of mechanical controls, such as a keyboard. -PREFERRED QUALIFICATIONS
        • Bachelor's degree in IT related field or equivalent
        • Knowledge of consumer protection laws (TILA, ECOA, FDCPA, GLBA, FCRA, EFTA and the Dodd-Frank Act)
        • CRCM certification
        • Prior experience with lending productsLEARN MORE ABOUT USThe Compliance Analyst is part of the Compliance Department, a group of sharp, dedicated professionals providing guidance in interpreting the laws and regulations that govern our industry. To learn more, visit .Check out what's happening in our Company at .The information contained herein is not intended to be an all-inclusive list of the duties and responsibilities of the job, nor is it intended to be an all-inclusive list of the skills and abilities required to do the job. The Company may, at its discretion, revise the job description at any time, and additional functions and requirements may be assigned by supervisors as deemed appropriate. - Requirements, skills and abilities included have been determined to illustrate the minimal standards required to successfully perform the position.The $2,500 Sign-On Bonus will be dispersed to new hires hired May 1,2022 to June 30, 2022. New hires in the role will receive $1,250 on the first paycheck following the new hire's 1st day of active employment and $1,250 on the paycheck following their 90th day of active employment, if eligibility criteria are met per Company policy. - Standard payroll tax deductions apply.All TMX Finance Family of Companies entities are Equal Opportunity Employers.

Keywords: TMX Finance Family of Companies, Carrollton , Compliance Analyst, Accounting, Auditing , Carrollton, Texas

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