Compliance Officer
4 weeks ago
Key Responsibilities:
1. Compliance Management:
- Develop and implement debt collection compliance policies and procedures.
- Ensure adherence to federal, state, and local regulations and guidelines.
- Conduct regular audits to identify and address compliance issues and adjust for regulatory changes.
2. Agency Governance:
- Manage relationships and compliance with third-party collection agencies and vendors.
- Implement governance frameworks, conduct audits, and ensure compliance training for agencies and staff.
3. Risk Management:
- Identify and mitigate compliance risks in debt collection processes and procedures.
- Advise senior management on compliance risks and maintain accurate documentation and records.
4. Policy Development:
- Create and enforce debt collection policies and procedures that align with regulatory requirements and industry best practices.
- Ensure ethical practices and integrate compliance with business strategies and objectives.
5. Training and Development:
- Develop and deliver training programs on compliance for staff and agencies.
- Promote a culture of compliance and ongoing education and awareness.
6. Reporting and Documentation:
- Prepare and submit reports on compliance activities and agency performance to senior management and regulatory bodies.
- Maintain accurate and up-to-date records of all compliance-related activities and decisions.
7. Stakeholder Management:
- Collaborate with internal departments and regulatory bodies to ensure compliance with regulatory requirements and industry best practices.
- Serve as the primary point of contact for compliance inquiries and issues.
Education:
- Bachelor's degree in Law, Business Administration, Finance, or a related field is required.
- Master's degree in law (LLM), Business Administration (MBA), or Compliance Certification (e.g., Certified Regulatory Compliance Manager) is preferred.
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