Counsel - Student Loan Compliance

Maximus; Newark (NJ); On-site; USD 130,000 - 176,000; Full time

Job summary

A leading company in the education sector seeks a Counsel for Student Loan Compliance to oversee regulatory compliance and manage risk assessments. The role involves legal support for compliance issues and ensuring alignment with federal and state laws. Ideal candidates will have a JD and extensive experience in student loan servicing compliance.

Benefits

Health Insurance

Life and Disability Insurance

Retirement Plans

Paid Holidays

Paid Time Off

Qualifications

• 7-10 years of relevant experience in student loan servicing compliance.

Responsibilities

• Oversee the Compliance Management System and regulatory compliance.
• Manage risk assessments for Department of Education programs.
• Provide legal guidance for compliance issues.

Skills

Compliance Management

Legal Research

Education

JD from an accredited law school

Job description

Description & Requirements

The Counsel, Student Loan Compliance will oversee the Compliance Management System, ensuring regulatory compliance and effective operation.

In addition, this person will manage the maintenance of risk assessments for Department of Education programs, review and revise compliance standard operating procedures, and provide legal support for compliance issues.

This position will report to the Assistant General Counsel - Student Loans.

Essential Duties and Responsibilities

1. Assess, update, and oversee the operation of the company's Compliance Management System, including regulatory change management, consumer complaint response, and audit remediation.
2. Manage the maintenance of the Company's regulatory risk assessment for the Department of Education programs.
3. Review, update, and revise compliance standard operating procedures.
4. Provide legal guidance for the tracking, response to, and management of identified compliance issues.
5. Review training materials; operational policies and procedures; regulatory compliant responses; and borrower-facing materials to ensure these materials align with contractual requirements, federal law, and state law.
6. Manage legal research related to state licensing and servicing requirements.
7. Establish policies and practices that minimize legal risk.
8. Provide legal counsel and support for regulatory examination responses.
9. Work closely with the Assistant General Counsel - Federal Student Loan Compliance to manage the day-to-day operations of the department and address legal questions from operational management.

Minimum Requirements

• JD from an accredited law school and admission to one or more State Bars.
• 7-10 years of relevant experience, specifically in student loan servicing compliance at a government agency, law firm, or in-house environment.

Additional Information

Maximus is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, or other legally protected characteristics.

Pay transparency: Maximus compensation is based on various factors including job location, education, training, experience, work quality and quantity, travel requirements, external market, internal value analysis, seniority, and merit systems. Salary is just one component of the total compensation package, which may include incentives and awards.

We offer benefits such as health insurance, life and disability insurance, retirement plans, paid holidays, and paid time off. Compensation ranges may vary based on contract value but will be aligned with job duties and experience. Salary history is not considered in compensation decisions. Maximus complies with all regulatory wage and salary thresholds.

Minimum Salary: $130,050.00
Maximum Salary: $175,950.00