Regulatory Compliance Exam Specialist

Westlake Financial Services; Dallas (TX); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

Medical, Dental, and Vision benefits

Life Insurance

401K matching

Employee Stock Ownership Program in a$

Wellness Programs

Career Path Opportunities

Job summary

Westlake Financial Services, based in Dallas, seeks a Regulatory Compliance Exam Specialist to serve as the primary contact for state and federal examinations. You will coordinate examinations with agencies such as CFPB, DOJ, FTC, SEC, and state regulators and implement corrective actions for cited deficiencies.

Key responsibilities include timely responses, root-cause analysis, and reporting to regulators and the compliance board while partnering with the Chief Compliance Officer.

Qualifications

• Bachelor’s Degree in Business related discipline.
• Basic knowledge of multi-state regulatory requirements for auto finance.
• Basic knowledge of Consumer Financial Protection Laws.
• Strong communication skills with regulators and upper management.

Responsibilities

• Respond to state and federal requests for information.
• Coordinate regulatory examinations with agencies such as CFPB, DOJ, FTC, SEC, NY DFS, DBO, TX OCCC.
• Develop and implement corrective actions for deficiencies found in examinations.
• Schedule follow-up audits to monitor effectiveness of actions taken.
• Provide written responses to regulator reports and audit results.
• Prepare internal reports on non-compliance incidents and regulatory findings.
• Develop Root Cause Analysis and Corrective Action Plans for the board.

Skills

Regulatory knowledge

Regulatory communications

Interpersonal skills

Learning & development

Multitasking

Detail oriented

Education

Bachelor’s degree in business related discipline

Tools

Word

Excel

Outlook

PowerPoint

Vision

Job description

Regulatory Compliance Exam Specialist
On-site | Dallas, TX

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.

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)
• Career Path Opportunities
• 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