Compliance Monitoring and Testing Manager
EOE Statement We are an equal employment opportunity employer.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.
Category Compliance Description WHO WE ARE:
Xactus (pronounced 'Zac-tus') is the leading verification innovator for the mortgage industry.
We have over 6,500 clients ranging from the largest bank and non-bank mortgage originators to credit unions and mortgage brokers.
With 12 operation centers across the U.
S.
, Xactus works closely with our clients to digitally integrate a 360 approach to verification across their workflows.
As a result, lenders can easily access the technology necessary to meet consumer demands for a modern mortgage experience with industry-leading speed, reliability, and accuracy - while also closing more loans more quickly with greater profitability.
We provide a friendly work environment while also providing many opportunities for you to enhance your skills.
We have a top-notch financial leadership team who prioritizes building talent.
If you are curious and searching for a change that will be fun and rewarding, please reach out to us! We would love to have you on our team!WHO YOU ARE:
You are a career-minded, driven individual who is looking for a position that challenges you and supports your professional development.
THE BENEFITS WE OFFER:
A friendly, supportive environment which is highly rated by Xactus employees.
Feedback from our employees says:
The people I work with treat each other with respect, I feel accepted by my coworkers and The person I report to cares about me as a person.
Health, vision and dental insurances, college tuition benefit, bonus programs, fitness reimbursement and other healthy life-style programs, Maternity and paternity leave, 401k plan, short and long-term disability, life Insurance, accident and critical illness insurance, health savings account, flexible spending account, employee assistance program, legal services, employee discounts and more!STARTING SALARY RANGE:
$80,000 - $115,500
Summary:
This position has supervisory responsibility for Xactus' Compliance Monitoring and Testing Team.
As the Manager, you will be responsible for developing and implementing programs to ensure adherence to applicable laws, regulations, contracts, and internal policies.
You will work closely with cross-functional teams to assess compliance risks, establish monitoring protocols, and identify areas for improvement.
#LI-REMOTE
Essential Functions:
The following is a list of essential functions, which is subject to change at any time and without advance notice.
Management may assign new duties, reassign existing duties, or eliminate a function based on business needs or at its sole discretion.
ESSENTIAL DUTIES AND
Responsibilities:
Develop and execute a comprehensive compliance monitoring and testing program to evaluate adherence to regulatory and contractual requirements, including but not limited to the Fair Credit Reporting Act (FCRA), Consumer Financial Protection Bureau (CFPB) regulations, and the credentialing standards of consumer reporting repositories like Equifax, TransUnion and Experian Conduct regular reviews of internal processes, systems, and data handling procedures to identify potential compliance gaps or deficiencies Collaborate with relevant stakeholders to assess and analyze compliance risks, emerging trends, and regulatory changes that impact the consumer reporting industry Design and implement monitoring protocols, including the development of key risk indicators (KRIs), testing methodologies, and sampling techniques Perform compliance testing and reviews to evaluate the effectiveness of controls, identify non-compliance issues, and recommend corrective actions Prepare detailed reports and documentation of compliance monitoring activities, findings, and recommendations for management and regulatory bodies Stay up to date with industry best practices, regulatory requirements, and advancements in consumer report reselling to proactively identify areas for improvement and enhance the compliance framework Performs other duties as assigned Position Requirements
Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
The requirements listed above are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
SUPERVISORY RESPONSIBILITIES Manages the Compliance Monitoring and Testing Department within Compliance EDUCATION AND/OR
Experience:
Bachelor's degree or equivalent work experience.
Advanced degree or professional certifications in compliance, risk management, or a relevant discipline is a plus.
Five years' experience in credit reporting industry or related area SKILLS AND COMPETENCIES:
Proven experience (5 years) in compliance monitoring, testing, or auditing, preferably within the consumer reporting industry or a related financial services sector.
Strong knowledge of relevant regulations, such as the Fair Credit Reporting Act (FCRA), and other consumer protection laws and regulations.
Strong understanding of Equifax, TransUnion, and Experian credentialing guidelines.
Experience in implementing and maintaining compliance frameworks and best practices, including risk assessments, control frameworks, and monitoring methodologies.
Excellent analytical skills with the ability to interpret complex requirements and identify potential compliance risks and issues.
Attention to detail and a high degree of accuracy in reviewing processes and documentation.
Strong communication and interpersonal skills to effectively collaborate with cross-functional teams and stakeholders at all levels of the organization.
Ability to prioritize tasks, manage multiple projects simultaneously, and meet deadlines in a fast-paced environment.
Sound judgment and ethical decision-making abilities to navigate compliance challenges and maintain the highest standards of integrity.
Proficiency in using compliance monitoring tools, data analysis software, and MS Office suite.
LANGUAGE SKILLS Ability to read, analyze, and interpret policies, procedures, regulations and contracts Ability to respond effectively to the most sensitive inquiries or complaints.
Ability to make effective and persuasive speeches and presentations on complex topics to top management and/or boards of directors.
MATHEMATICAL SKILLS Ability to apply mathematical operations to tasks such as frequency distribution, determination of test reliability and validity, analysis of variance, correlation techniques, sampling theory, and factor analysis.
REASONING ABILITY Ability to define problems, collect data, establish facts, and draw valid conclusions.
WORKING CONDITIONS:
Traditional office environment with low-to-moderate office noise (computers, phones, and business conversations)PHYSICAL DEMANDS:
Xactus promotes an equal opportunity workplace, which includes reasonable accommodations of otherwise qualified disabled applicants and employees.
Please contact your supervisor with questions regarding the physical demands of this position.
Lifting/carrying up to 10 lbs.
Manual dexterity for computer work Speaking, hearing and vision are required to perform essential functions Full-Time/Part-Time Full-Time Shift Days Position Compliance Monitoring and Testing Manager Exempt/Non-Exempt Exempt Req Number COM-23-00019 Open Date 7/14/2023 Location Dallas TX This position is currently accepting applications.
Recommended Skills Analysis Of Variance Analytical Attention To Detail Auditing Business Requirements Communication Estimated Salary: $20 to $28 per hour based on qualifications.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.
Category Compliance Description WHO WE ARE:
Xactus (pronounced 'Zac-tus') is the leading verification innovator for the mortgage industry.
We have over 6,500 clients ranging from the largest bank and non-bank mortgage originators to credit unions and mortgage brokers.
With 12 operation centers across the U.
S.
, Xactus works closely with our clients to digitally integrate a 360 approach to verification across their workflows.
As a result, lenders can easily access the technology necessary to meet consumer demands for a modern mortgage experience with industry-leading speed, reliability, and accuracy - while also closing more loans more quickly with greater profitability.
We provide a friendly work environment while also providing many opportunities for you to enhance your skills.
We have a top-notch financial leadership team who prioritizes building talent.
If you are curious and searching for a change that will be fun and rewarding, please reach out to us! We would love to have you on our team!WHO YOU ARE:
You are a career-minded, driven individual who is looking for a position that challenges you and supports your professional development.
THE BENEFITS WE OFFER:
A friendly, supportive environment which is highly rated by Xactus employees.
Feedback from our employees says:
The people I work with treat each other with respect, I feel accepted by my coworkers and The person I report to cares about me as a person.
Health, vision and dental insurances, college tuition benefit, bonus programs, fitness reimbursement and other healthy life-style programs, Maternity and paternity leave, 401k plan, short and long-term disability, life Insurance, accident and critical illness insurance, health savings account, flexible spending account, employee assistance program, legal services, employee discounts and more!STARTING SALARY RANGE:
$80,000 - $115,500
Summary:
This position has supervisory responsibility for Xactus' Compliance Monitoring and Testing Team.
As the Manager, you will be responsible for developing and implementing programs to ensure adherence to applicable laws, regulations, contracts, and internal policies.
You will work closely with cross-functional teams to assess compliance risks, establish monitoring protocols, and identify areas for improvement.
#LI-REMOTE
Essential Functions:
The following is a list of essential functions, which is subject to change at any time and without advance notice.
Management may assign new duties, reassign existing duties, or eliminate a function based on business needs or at its sole discretion.
ESSENTIAL DUTIES AND
Responsibilities:
Develop and execute a comprehensive compliance monitoring and testing program to evaluate adherence to regulatory and contractual requirements, including but not limited to the Fair Credit Reporting Act (FCRA), Consumer Financial Protection Bureau (CFPB) regulations, and the credentialing standards of consumer reporting repositories like Equifax, TransUnion and Experian Conduct regular reviews of internal processes, systems, and data handling procedures to identify potential compliance gaps or deficiencies Collaborate with relevant stakeholders to assess and analyze compliance risks, emerging trends, and regulatory changes that impact the consumer reporting industry Design and implement monitoring protocols, including the development of key risk indicators (KRIs), testing methodologies, and sampling techniques Perform compliance testing and reviews to evaluate the effectiveness of controls, identify non-compliance issues, and recommend corrective actions Prepare detailed reports and documentation of compliance monitoring activities, findings, and recommendations for management and regulatory bodies Stay up to date with industry best practices, regulatory requirements, and advancements in consumer report reselling to proactively identify areas for improvement and enhance the compliance framework Performs other duties as assigned Position Requirements
Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
The requirements listed above are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
SUPERVISORY RESPONSIBILITIES Manages the Compliance Monitoring and Testing Department within Compliance EDUCATION AND/OR
Experience:
Bachelor's degree or equivalent work experience.
Advanced degree or professional certifications in compliance, risk management, or a relevant discipline is a plus.
Five years' experience in credit reporting industry or related area SKILLS AND COMPETENCIES:
Proven experience (5 years) in compliance monitoring, testing, or auditing, preferably within the consumer reporting industry or a related financial services sector.
Strong knowledge of relevant regulations, such as the Fair Credit Reporting Act (FCRA), and other consumer protection laws and regulations.
Strong understanding of Equifax, TransUnion, and Experian credentialing guidelines.
Experience in implementing and maintaining compliance frameworks and best practices, including risk assessments, control frameworks, and monitoring methodologies.
Excellent analytical skills with the ability to interpret complex requirements and identify potential compliance risks and issues.
Attention to detail and a high degree of accuracy in reviewing processes and documentation.
Strong communication and interpersonal skills to effectively collaborate with cross-functional teams and stakeholders at all levels of the organization.
Ability to prioritize tasks, manage multiple projects simultaneously, and meet deadlines in a fast-paced environment.
Sound judgment and ethical decision-making abilities to navigate compliance challenges and maintain the highest standards of integrity.
Proficiency in using compliance monitoring tools, data analysis software, and MS Office suite.
LANGUAGE SKILLS Ability to read, analyze, and interpret policies, procedures, regulations and contracts Ability to respond effectively to the most sensitive inquiries or complaints.
Ability to make effective and persuasive speeches and presentations on complex topics to top management and/or boards of directors.
MATHEMATICAL SKILLS Ability to apply mathematical operations to tasks such as frequency distribution, determination of test reliability and validity, analysis of variance, correlation techniques, sampling theory, and factor analysis.
REASONING ABILITY Ability to define problems, collect data, establish facts, and draw valid conclusions.
WORKING CONDITIONS:
Traditional office environment with low-to-moderate office noise (computers, phones, and business conversations)PHYSICAL DEMANDS:
Xactus promotes an equal opportunity workplace, which includes reasonable accommodations of otherwise qualified disabled applicants and employees.
Please contact your supervisor with questions regarding the physical demands of this position.
Lifting/carrying up to 10 lbs.
Manual dexterity for computer work Speaking, hearing and vision are required to perform essential functions Full-Time/Part-Time Full-Time Shift Days Position Compliance Monitoring and Testing Manager Exempt/Non-Exempt Exempt Req Number COM-23-00019 Open Date 7/14/2023 Location Dallas TX This position is currently accepting applications.
Recommended Skills Analysis Of Variance Analytical Attention To Detail Auditing Business Requirements Communication Estimated Salary: $20 to $28 per hour based on qualifications.
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