Team Lead - Compliance - Consumer Lending Industry

Compliance Team Lead will be part of the Compliance (Second line of defense) team and assist in supporting the Compliance Monitoring & Testing Group's efforts to adhere to the rapidly changing legal and regulatory environment as it relates to the consumer lending industry.

Roles and Responsibilities:

- Conducts compliance testing and completes supporting test work and documentation in a professional and timely manner in accordance with compliance procedures and department standards.

- Identifies and assists in developing monitoring and testing work papers regarding operational areas of risk that may impact compliance and business losses.

- Monitoring of analytical models, validation and outcome of other related decisioning criteria as per compliance requirements

- Review of model production process and controls ensuring the models are executed appropriately and controls are performed with relevant evidence to enable a robust and seamless model/process audit.

- Collaborate with Business representatives in validating the monitoring or testing results and ensuring remediation of findings.

- Identifies process improvement opportunities based on analysis of testing conducted and recommends operational best practices.

- Reviews operational practices and process, laws, and regulations applicable to the testing conducted and updates compliance testing work papers, as appropriate.

- Conduct testing and period reviews of department procedures to ensure compliance with federal and state laws and regulations.

- Conduct account level reviews and root cause analysis related to consumer inquiries and business-based matters.

- Assists in ensuring records are in order and comply with regulatory and internal retention guidelines.

- Assists the team in completing their daily Compliances testing activities.

- Playing the role of SME (subject matter expert) and train the resources.

- Prepare management reports regarding compliance operations and progress.

- Demonstrates capability in gathering data and drawing conclusions on testing results.

- Works towards or exhibits intermediate to proficiency of compliance testing design or theory such as independence, self-identification, and documentation standards.

- Performs a variety of duties as required by the position and/or assigned.

Qualification & Experience :

- A self-starting individual

- Master's Degree in Economics, Statistics, Business Administration, Accounting, Finance, other related field 'or' Bachelor's Degree in Engineering/Technology

- 5 to 7 years of financial institution experience is required.

- Compliance experience in working with consumer laws and regulations.

- Sound Knowledge on Consumer lending products.

- Working knowledge of Compliance Monitoring/Testing on Analytical model, validation and other related decisioning criteria.

- Attention to detail is necessary for accurately performing tasks.

- Must be proficient in Microsoft Office (Outlook, Word, Excel, etc.), Adobe, and possess other computer-related skills.

- Ability to identify and assess compliance risks required.

- Exceptionally strong analytical and research skills.

- Demonstrated reasoning and critical thinking skills with the ability to define problems, collect data, establish facts, and draw valid conclusions to make recommendations to management.

- Must maintain confidentiality and exercise discretion in performing daily duties.

- Project management experience is necessary to work effectively in a high-pressure environment with time constraints.

- Strong writing and presentation skills are required.

- Excellent interpersonal and communication skills are necessary for maintaining effective relationships with employees and business unit management.

Nice to Have:

- Consumer Lending Experience preferred.

- Data mining experience preferred.

- Certified Regulatory Compliance Manager (CRCM) certification is a plus but not required.