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.
Benefits
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
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.
Skills Required
- Basic knowledge of multi-state regulatory requirements for auto finance
- Basic knowledge of Consumer Financial Protection Laws
- Strong verbal and written communication skills; ability to communicate professionally with regulators and senior management
- Superior interpersonal skills and teamwork awareness
- Demonstrated understanding of learning and development principles
- Ability to multi-task projects and manage priorities in a fast-paced environment
- Detail oriented
- Bachelor's Degree in Business or related discipline
- At least three years previous experience in the auto finance industry
- Experience with Daybreak or other retail consumer servicing systems
- Familiarity with web-based applications and web navigation
- Proficiency with Microsoft Word, Excel, Outlook, PowerPoint, and Vision
What We Do
Headquartered in Los Angeles, California, the Hankey Group comprises eight operating companies specializing primarily in the automotive, finance, technology, real estate, and insurance industries. Beginning in 1972, the Hankey family acquired a 100% interest in the Midway Ford dealership, and guided by the focused vision and unparalleled leadership of its principal, Mr. Don Hankey, the group has undergone a remarkable transformation over the past 50 years. Our strong leadership has been paired with unrivaled execution. With over 5,000 employees, and approximately 2,000 residing in Southern California, the Hankey Group has evolved by promoting personal development, employee growth, and retention within the organization.
