Compliance Auditor

Job Description

JOB DESCRIPTION

Summary/Objective
This position is an entry-level position, responsible for monitoring compliance with ECG policies, related procedures, training materials, and operational tracking reports. The Compliance Auditor will assist the Chief Compliance Officer and Compliance Manager in developing an Internal Audit Program, will share responsibility for implementation of the Internal Audit Program under the direction of the Compliance Manager, will share responsibility for the Vendor Risk Management Program under the direction of the Compliance Manager, and will perform such related tasks as may be determined to be in the interest of the company from time to time.

Essential Functions

• Assist the Chief Compliance Officer, Compliance Manager and members of senior management in developing, updating, and maintaining compliant Procedures and compliant reference materials, such as, marketing materials, social media posts, website materials, articles, portal materials (“Content”) for all aspects of business operations.
• Audit various transaction closings to ensure compliance with applicable procedures, including compliance with various state licensing requirements, under the direction of the Compliance Manager.
  • Confirm California and South Dakota, and other states as applicable, licensing requirements of all referral partners on a revolving basis, but not less than once every six months, as well as transactional documents to ensure compliance.
• Assist the Chief Compliance Officer and Compliance Manager in implementing the Internal Audit Program.
• Perform internal compliance audits assigned under the Internal Audit Program under the direction of the Compliance Manager.
• Assist the Compliance Manager in assessing business practices to identify compliance risks and, as necessary, track implementation of management-approved corrective actions.
• Manage implementation of the Vendor Risk Management Policy, manage the Venminder relationship and route vendor contract updates to the appropriate departments under the direction of the Compliance Manager.
• Make recommendations to the Chief Compliance Officer and Compliance Manager for revised and updated procedures to address compliance issues.
• Assist in reviewing published Content periodically and making recommendations for revisions in scope, format, content, and publication method (“Revisions”).
• Monitor implementation of agreed upon Content Revisions under the direction of the Compliance Manager.
• Monitor Content distribution and documenting the approval history for each item of Content from key stakeholders under the direction of the Compliance Manager.
• Assist in the development of a compliance risk management culture within the company.
• Assist the Compliance Manager and the Director of Human Resources in on-boarding and compliance training of new employees.
• Track attendance at training sessions and assist the Director of Human Resources in monitoring employee completion of mandatory courses.
• Assist the Compliance Manager in the delivery of training, as requested from time to time.
• Actively monitor compliance with all internal policies and procedures.
• Develop and maintain an effective working knowledge of laws and regulations affecting the company’s business and related guidelines.

Required Education and Experience

• Deadline-oriented and self-motivated.
• Demonstrated ability to work both as part of a team and independently.
• At least two years’ experience in the financial services industry in a compliance, underwriting, operations, or other directly related role.
• Ability to effectively employ a variety of documentation tools, such as Microsoft Word, Excel, PowerPoint, SharePoint, Microsoft Teams, Adobe Acrobat, and/or other publishing software.
• Strong verbal and written communication skills, including spelling and grammar skills.
• Project management skills, including the ability to manage multiple projects simultaneously.
• Ability to interpret, synthesize, and explain rules, regulations, policies, and procedures to different audiences and deliver clear verbal and written presentations of facts or concepts.

Supervisory Responsibilities

• This position does not have any supervisory responsibility.

Work Environment

• The job requires being on-site and operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

Physical Demands

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

• This is largely a sedentary role; however, minimal mobility is required.

Position Type/Expected Hours of Work

• This is a full-time position, and hours of work and days are Monday through Friday, 8:00 a.m. to 5:00 p.m. Occasional evening and weekend work may be available as job duties demand.

Other Duties

• Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.