What are the responsibilities and job description for the Regulatory Compliance Counsel position at Westlake Financial?
Regulatory Compliance Counsel
Los Angeles, CA or Agoura Hills| On-Site
The Compliance Department assists the company in identifying, evaluating, and mitigating compliance risks and implements the Company's Compliance Management System, including the maintenance and updating of all Company policy and procedures, providing operational compliance training, vendor management, and operational compliance audits. This position will be responsible for advising the Chief Compliance Officer on regulatory risks, updating and confirming regulatory law in the 50 states and any other compliance issues. Additional responsibilities include working collaboratively with senior management to review and approve documentation provided by various departments, including but not limited to working directly with our affiliates and subsidiaries, marketing, servicing, training, audit and collections.
The candidate will possess exceptional interpersonal skills and verbal and written communication skills, including the ability to sift through complicated legal and regulatory issues and communicate only the important aspects in a clear and concise manner at all levels within the organization.
The successful candidate is self-directed in work prioritization and demonstrates superior judgment-making ability within the scope of the position's areas of responsibility. The Regulatory Compliance Counsel will perform all duties in accordance with Westlake policies and procedures and all state and federal regulations.
ESSENTIAL DUTIES AND RESPONSIBILITIES :
- Advise Compliance Department on regulatory compliance issues as they arise, and conduct 50-state specific issue surveys on matters relevant to the Company's businesses.
- Oversees regulatory / licensing compliance nationwide, including the maintenance of licenses and authority to conduct business.
- Review and provide updates to Compliance Department regarding changes in the law and provide implementation plans for the Company in order to operationally comply with those changes.
- Draft complex legal documentation including, but not limited to summaries of significant regulatory developments, legislative history, hearing testimony, speeches, comments, etc.
- Work with outside counsel to confirm Compliance initiatives are met
- Review and revise internal company policies, covering all aspects of compliance including but not limited to TILA and Regulation Z, ECOA and Regulation B, GLBA and Regulation P, FCRA, FDCPA, TCPA, SCRA, and CAN-SPAM.
- Work in conjunction with the Operational Training Department to ensure proper compliance training of Company staff.
- Review and assist in negotiating and drafting contracts for outside vendors and other corporate transactions as it relates to vendor management.
- Reviews responses to certain regulatory and customer complaints.
- Intervenes and problem solves customer conflicts in the event Company compliance staff cannot de-escalate the situation.
ESSENTIAL KNOWLEDGE, SKILL & LICENSES :
EDUCATION AND / OR EXPERIENCE :
What's the expected pay for this role?
What do we offer?
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 of the organization.
Salary : $125,000 - $200,000
