Director Of Compliance Jobs

Company Description
Momentum Financial Services Group, formerly Money Mart Financial Services is a leading provider of financial services in North America. For 40 years we've been committed to providing financial solutions that meet the evolving needs of consumers and business owners. Backed by a retail network of over 450 locations and robust digital and mobile platforms, we provide access to cash and related products to help our customers achieve their goals. We operate retail locations in local communities and cities across Canada under the Money Mart® brand and in Quebec as Insta Cheques® and in United States as Money Mart® and The Check Cashing Store®.
Our highly skilled workforce puts customers first in everything we do. We serve millions of people annually with diverse and innovative financial products and services. Through this ever-evolving suite of services, we empower customers to manage their finances and improve their lives. Wherever customers are on their financial journey, Momentum Financial Services Group provides solutions.
We believe in giving back to the communities where we live and work. With the generous support of our customers and staff, we proudly contribute over two hundred & fifty thousand dollars annually to charities and non-profit organizations, along with using our time and talent to serve in local communities throughout Canada and the United States. We are looking for aspiring, passionate people who are dedicated to understanding and providing our customers with the right financial solutions utilizing a growing menu of products and services. We embrace diversity and offer a fast-paced work environment.

LI-REMOTE
Job Function
The Director of Compliance is responsible for supporting the Chief Compliance Officer with enhancing and carrying out day-to-day responsibilities for the Compliance Management System, including consumer protection and privacy. Must be well-versed in regulations/legislation affecting functional areas of the business and products, which include installment loans, check cashing, money transmission through both storefront and online channels.
Additionally, the Director of Compliance will be responsible for helping to maintain an inventory of material compliance obligations (MCOs) relating to consumer protection and privacy regulation, conducting risk assessments, help drive regulatory change efforts, and managing the privacy compliance. The Director will act as a trusted advisor to the Chief Compliance Officer, Chief Information Security Officer, as well as business partners.
This position manages and performs complex compliance research, regulatory analysis in order to identify risk in operating practices, policies and procedures with laws and regulations. This position will perform and oversee complex projects that require expertise in financial services industries. The ability to work collaboratively and effectively with the compliance team, operations, legal counsel, business leaders and third parties is imperative.
Job Responsibilities

• Conduct risk assessments and identify risks to the Company, its products, third party stakeholders and customers
• Communicate the results of compliance projects via written reports and oral presentations to management
• Centralize and maintain oversight of business units’ existing Policies, Procedures and Training Documents
• Performs related work as assigned by the Chief Compliance Officer.
• Identify compliance deficiencies or potential problems, and provide guidance in the development of solutions or implementation of corrective action
• Facilitate implementation of regulatory changes as necessary
• Conduct regulatory research, synthesize findings and provide recommendation to business proposals and issues
• Identify, monitor and review regulatory and legislative changes, particularly related to consumer protection and privacy; becoming familiar with the details of the regulation and advising management of the operational impact of trends and changes
• Develop, participate in, and review proposed changes to company policies and procedures for compliance with applicable regulatory and consumer laws, rules and regulations, and provide recommendations for any necessary changes
• Help enhance the Compliance Management System
• Work under the general supervision of the Chief Compliance Officer
• Prepare written responses to inquiries of a regulatory nature, supporting analysis, conclusions and recommendations upon well-investigated and documented research of regulatory requirements
• Review and enhancement as necessary to consumer-facing disclosures, documents, agreements, etc
• Develop and maintain reporting requirements

Qualifications
Education

• Bachelor’s degree from an accredited college or university. Preferably an advanced degree such as a law degree or compliance certifications.

Experience

• Experience building monitoring programs and controls.
• Extensive knowledge of banking and non-banking financial services which may include lending, check cashing, money transmission, loan servicing, payments compliance, consumer protection regulations and privacy laws
• Experience performing risk assessments, privacy impact analysis
• Proven track record of helping build compliance programs
• Experience enhancing policies, procedures and training programs
• Experience in statutory and legislative review, analysis and reporting
• A minimum of 8 years of related work experience in bank and/or non-bank financial services industry

Skills

• Extensive skill in planning and project management, and in maintaining composure under pressure while meeting multiple deadlines
• Strong leadership, project management and relationship management skills
• Considerable skill in effective verbal and written communications, including active listening skills and skill in presenting findings and recommendations
• Ability to establish and maintain harmonious working relationships at all levels including management and external contacts, and to work effectively in a professional team environment.
• Extensive knowledge of banking and non-banking financial services/lending practices, consumer protection compliance and privacy regulations

Additional Information
Benefits

• PTO / 401K / Tuition Reimbursement
• Paid holidays
• Company paid life insurance
• Medical / Dental/ Vision benefits available
• All your information will be kept confidential according to EEO guidelines.

We invest in our employees, and offer extensive training, and development programs to set you up for future success. If we sound like a fit and you’re ready to start an exciting career with an organization that encourages employee growth, apply today! We look for bright, energetic, motivated individuals who are interested in learning and developing their career.