Compliance Analysts report to a Compliance Manager or Asst. Director, Compliance Testing and are responsible for developing, monitoring, evaluating, and testing controls of lending operations and products to ensure compliance with all applicable state and federal regulations. Compliance Analysts are responsible for the execution of the Compliance Testing Program, as well as the program's continued development and enhancement to maintain regulatory requirements. Compliance Analysts will perform testing as assigned by Director, Compliance Testing and/or Asst. Director of Compliance Testing. Scope and frequency of testing assignments will vary based upon risk. Compliance Analysts will assist in testing controls implemented to prevent future compliance exceptions. Compliance Analysts must be able to effectively communicate contractual requirements, federal and state laws, and administrative rules. Compliance Analysts are part of the Corporate Compliance Department and will assist in ensuring that the Compliance Program is consistent with the corporate goals.
Other duties as assigned.
Make and explain decisions based on department objectives and guidelines.
Prepare electronic work papers necessary to support identified issues reported to the company including, but not limited to, draft reports and other communications to management.
Supports the Asst. Director, Compliance Testing and/or Compliance Testing Manager on special projects.
Verify, as needed, controls implemented by an issue resolution plan have resolved the issue and sufficiently addressed the risk.
Utilize independent judgment and adaptability to initiate and complete tasks pertinent to the company.
Develop working relationships with various operations management personnel.
Interpret state and federal laws and regulations for purposes of performing testing.
Conduct kickoff, recurring (during testing as needed), and exit conferences with corporate, field, or center personnel/management.
Ability to prepare reports and memorandums, summarize and communicate compliance testing activity with internal and external customers
Manage or Direct:
Performs compliance testing, risk assessments, and report identified issues along with the associated risk ratings.
Gathering of data, documentation, and organization of work papers for each compliance test.
Conduct peer review of auditor work.
Follow guidelines and procedures to ensure consistency in compliance testing program and recommend changes to program as appropriate.
Completes other duties as assigned.
Adheres to all points of the creed.
Understand, adhere to and enforce all corporate policies including, but not limited to, Advance America's Creed, Code of Ethics and Information Security Policies.
Equivalent Education Level Required: Bachelors, preferred. Equivalent combination of education and experience required.
Experience Required: 1-3 years of previous audit experience (such as financial, retail, or medical) or 1-3 years of financial compliance testing required, and/or 2-3 years of financial regulatory compliance, or consumer credit experience.
Knowledge Required: Excellent written and verbal communications skills as would be needed to communicate in person, by phone, and through email; adaptability and flexibility to changing environment; and comfortable working in a dynamic, high volume, fast-paced environment. Ability to read, write, evaluate, and apply information. Ability to interact professionally and exhibit appropriate social skills. Ability to understand and ensure compliance with policies, procedures, and laws governing our industry/business and products. Ability to develop and maintain business relationships. Strong/expert Excel knowledge including extensive formulas and V-Lookups. Advanced knowledge of Microsoft Word. Experience with ACL, preferred. Knowledge of state laws governing Payday, Installment, and Line of Credit loans. A strong understanding of financial regulations (such as the ECOA/Regulation B, SCRA, FCRA, FDCPA, TCPA, TILA/Regulation Z, GLBA/Regulation P, EFT/Regulation E, BSA/AML/OFAC, and UDAAP) and NACHA rules, preferred.
Sitting for long periods of time; standing occasionally; walking; bending; squatting; kneeling; pushing/pulling; reaching; twisting; frequent lifting of less than 10 lbs., occasional lifting of up to 20 lbs.; typing; data entry; grasping; transferring items between hands and/or to another person or receptacle; use of office equipment to include computers; ability to travel to, be physically present at, and complete the physical requirements of the position at any assigned location. Ability to travel for long period of time in different modes of transportation.
Travel: Extensive (50+%).
Attire: Professional attire (as required by company standards).
Other: Must be eligible to work in the USA and able to pass a background check.
Advance America, Cash Advance Centers, Inc.