Regulatory Compliance Exam Specialist

Midway Auto Group; Agoura Hills (CA); Hybrid; USD 60,000 - 80,000; Full time

Benefits offered by this job

Medical, Dental, and Vision benefits

401K matching

Employee Stock Ownership Program

Job summary

Westlake Services, LLC in Agoura Hills seeks a Compliance professional to be the primary contact for state and federal regulatory examinations. You will assist regulators, develop corrective actions, and ensure timely responses to all requests and deadlines.

Responsibilities include coordinating examinations, implementing remediation plans, and presenting root cause analyses to the compliance board. Collaboration with senior leadership and the Chief Compliance Officer is essential.

Qualifications

• Bachelor’s Degree from an accredited College or University in Business related discipline.
• Preferred at least three years experience in the auto finance industry.

Responsibilities

• Answer state and federal information requests.
• Coordinate regulatory examinations with agencies (CFPB, DOJ, FTC, SEC, NY DFS, DBO, TX OCCC, etc.).
• Develop and implement corrective actions for deficiencies cited in examination reports.
• Schedule internal audits to monitor corrective actions and ensure compliance.
• Provide written responses to exception reports and audit results to regulators.
• Prepare internal reports on non-compliance incidents.
• Develop Root Cause Analyses and Corrective Action Plans for the compliance board.
• Collaborate with CCO and Regulatory Compliance Counsel to validate cited exceptions.

Skills

Regulatory knowledge

Communication skills

Interpersonal skills

Learning & development

Multi-tasking

Detail oriented

Education

Bachelor’s Degree in Business

3+ years auto finance experience

Tools

Microsoft Word

Excel

Outlook

PowerPoint

Vision

Job description

Westlake Services, LLC | Corporate Office
29851 Agoura Rd
Agoura Hills, CA 91301, USA

Description

Job Description
The candidate will be a point of contact for state and federal regulatory examinations and will assist regulators on all requests pertaining to an examination. In addition, the individual will be responsible for developing and implementing appropriate corrective actions to address deficiencies cited in federal regulatory and state examination reports. Further, the individual will be responsible for ensuring that all deadlines and requests are met as these are extremely time sensitive.

Responsibilities:

• Help provide responses to state and federal requests for information.
• Help to coordinate state and federal regulatory examinations from agencies such as the CFPB, DOJ, FTC, SEC, NY DFS, DBO, TX OCCC and others.
• Develop and implement necessary corrective actions to resolve cited exceptions that result from state and federal regulatory examinations
• Schedule follow up internal audits to monitor and maintain the effectiveness of the corrective action taken to ensure future compliance
• Provide written responses to exception reports and ongoing audit results to state and federal regulators
• Prepare internal reports and summaries on incidents of non-compliance with relevant legal, regulatory and policy requirements
• Develop and present Root Cause Analysis along with Corrective Action Plans to the compliance board and board of directors
• Work closely with the Chief Compliance Officer and Regulatory Compliance Counsel to ensure that cited exceptions are in fact valid before developing and implementing a remediation/corrective action.
• Work with and partner with business units to develop, design, document, and maintain monitoring policies and procedures for the objective of ensuring compliance with relevant legal and regulatory requirements governing compliance finance.

REQUIREMENTS:

• Basic knowledge of multi-state regulatory requirements for auto finance
• Basic knowledge of Consumer Financial Protection Laws.
• Strong communication skills (verbal, writing) including the ability to communicate professionally with state and federal regulators and upper management.
• Superior interpersonal skills and teamwork awareness
• Demonstrated understanding of learning & development principles
• Must be able to handle multi-tasking of projects and manage priorities in fast paced environment; and
• Detail Oriented.

EDUCATION AND/OR EXPERIENCE:

• Bachelor’s Degree from an accredited College or University in Business related discipline;
• Preferred to have at least three years previous experience in the auto finance industry

MACHINES, OFFICE EQUIPTMENT & SOFTWARE:

• Daybreak or other retail consumer servicing systems preferred;
• Web navigation and/or web-based application;
• Personal computer: Microsoft Word, Excel, and Outlook, PowerPoint, Vision; and
• Copier, Faxing & other general office supplies.

Compensation Plan:

• $60,000 - $80,000 depending on experience
• The exact starting compensation to be offered will be determined at the time of selecting an applicant for hire and will be dependent on a wide range of factors, including but not limited to geographic location, skill set, experience, education, credentials, and licensure when applicable.

What do we offer?

• Medical, Dental, and Vision benefits
• Life Insurance and Long-term disability plans
• Flexible Spending Account
• 401K matching
• Employee Stock Ownership Program in a $18.2 Billion Company, plus company matching
• Wellness Programs
• Metro Tap Card and Metro-link Reimbursement (for Los Angeles, CA employees only)
• Discounts on Parks, Museums, Movie Tickets, and Attractions
• Annual Flu Shot
• Paid Vacations Days
• Paid Sick days
• Paid holidays
• HGym (available in our Los Angeles, CA & Dallas,TX office)
• Rental Car Discounts, Dell Member Purchase Program
• UKG Wallet

Acknowledgement

We will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance.

We are an equal opportunity employer and do not unlawfully discriminate in employment. No question on this application is used for the purpose of limiting or excluding any applicant from consideration for employment on a basis prohibited by local, state, or federal law. Equal access to employment, services, and programs is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify a representative

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.