Compliance Associate
Paramount Capital Group LLC Paramount Capital Group LLC King of Prussia, PA King of Prussia, PA Full-time Full-time $50,000 - $60,000 a year $50,000 - $60,000 a year 2 days ago 2 days ago 2 days ago Paramount Capital Group is seeking an individual who loves organization, improvement, and accuracy to join our growing Compliance Team.
As a Compliance Associate, you will assist in the continued development and maintenance of a strong compliance program under the supervision of the VP, Compliance and ensure that the business operations of Paramount are conducted in a manner that is compliant with applicable federal and state laws and regulations, as well as Paramount's internal policies, procedures, and practices.
Paramount is a Loan Servicer, licensed for student and consumer lending in the United States.
Prior experience in a licensing, internal audit, or paralegal role, specifically in the banking and/or consumer finance industry, is preferred.
Paramount is a rapidly growing organization.
The Compliance Team has great opportunities for growth and expanded responsibility for those who aspire to exceed expectations.
Essential Qualities:
You are known for your attention to detail, for your organization, for your ability to follow directions.
You are driven.
You love setting goals and meeting them.
You are naturally curious; it bothers you not to understand how a process works or why it exists.
You are a reader who can independently process technical and complicated subject matter.
You embrace technology.
You approach your role with a big picture mindset, knowing that you are serving the organization, clients, and coworkers by helping to create a superior level of compliance and efficiency.
Skills/
Experience:
Experience coordinating large requests with multiple internal teams Familiarity with internal controls Experience with NMLS (Nationwide Multistate Licensing System), including new license applications, processing renewals, periodic reporting, and facilitating examination information requests.
Familiarity with consumer lending products and services Effective communication with an emphasis on professional writing in plain English and efficient process documentation.
Responsibilities:
State Licensing Work with outside vendors to facilitate license applications, renewals, and periodic reporting.
Contribute to information requests as needed for regulatory examinations providing timely deliverables and feedback to the VP of Compliance.
Vendor Management Contribute to the design, implementation, and administration of vendor management program including but not limited to:
Conducting third-party vendor due diligence through questionnaires and policy/procedure reviews.
Review documents and information provided to ensure legal and compliance requirements are met.
Distributes to internal stakeholders for feedback and input.
Maintain updated vendor contract documentation in a secure manner.
Obtain updated documentation as needed to confirm vendors continued eligibility.
Compliance Management System (CMS) Perform scheduled weekly and monthly Compliance Audits.
Assist with conducting compliance monitoring reviews and testing to identify any deficiencies, exception tracking.
Work with the VP, Compliance to verify recommendations or corrective actions are implemented promptly and effectively.
Contribute to the continued development and maintenance of the compliance management system including the company's policies, procedures, testing, and reporting at a level sufficient to detect and correct program deficiencies.
Monitoring employee training assignments.
Assist with document management.
Conduct preliminary research and due diligence requests as needed, coordinating with Client Service Team and VP, Compliance Stay informed of regulatory requirements applicable to business practices through resources like webinars, industry updates, regulatory publications, legal library.
Occasionally attending seminars, conferences and workshops may be necessary.
Continued progression to other compliance responsibilities.
Other duties/projects as assigned.
Job Type:
Full-time Salary:
$50,000 - $60,000 JR1 MF2 per year
Benefits:
3 weeks PTO JR3 MF4 Company 401(k) Employee Health/Dental insurance Supplemental Life insurance Hybrid Schedule - 3 days per week in the office Job Type:
Full-time Pay:
$50,000.
00 - $60,000.
00 per year
Benefits:
401(k) Dental insurance Health insurance Life insurance Paid time off Vision insurance Schedule:
8 hour shift
Experience:
Business requirements:
2 years (Preferred) Work Location:
Hybrid remote in King of Prussia, PA 19406.
Estimated Salary: $20 to $28 per hour based on qualifications.
As a Compliance Associate, you will assist in the continued development and maintenance of a strong compliance program under the supervision of the VP, Compliance and ensure that the business operations of Paramount are conducted in a manner that is compliant with applicable federal and state laws and regulations, as well as Paramount's internal policies, procedures, and practices.
Paramount is a Loan Servicer, licensed for student and consumer lending in the United States.
Prior experience in a licensing, internal audit, or paralegal role, specifically in the banking and/or consumer finance industry, is preferred.
Paramount is a rapidly growing organization.
The Compliance Team has great opportunities for growth and expanded responsibility for those who aspire to exceed expectations.
Essential Qualities:
You are known for your attention to detail, for your organization, for your ability to follow directions.
You are driven.
You love setting goals and meeting them.
You are naturally curious; it bothers you not to understand how a process works or why it exists.
You are a reader who can independently process technical and complicated subject matter.
You embrace technology.
You approach your role with a big picture mindset, knowing that you are serving the organization, clients, and coworkers by helping to create a superior level of compliance and efficiency.
Skills/
Experience:
Experience coordinating large requests with multiple internal teams Familiarity with internal controls Experience with NMLS (Nationwide Multistate Licensing System), including new license applications, processing renewals, periodic reporting, and facilitating examination information requests.
Familiarity with consumer lending products and services Effective communication with an emphasis on professional writing in plain English and efficient process documentation.
Responsibilities:
State Licensing Work with outside vendors to facilitate license applications, renewals, and periodic reporting.
Contribute to information requests as needed for regulatory examinations providing timely deliverables and feedback to the VP of Compliance.
Vendor Management Contribute to the design, implementation, and administration of vendor management program including but not limited to:
Conducting third-party vendor due diligence through questionnaires and policy/procedure reviews.
Review documents and information provided to ensure legal and compliance requirements are met.
Distributes to internal stakeholders for feedback and input.
Maintain updated vendor contract documentation in a secure manner.
Obtain updated documentation as needed to confirm vendors continued eligibility.
Compliance Management System (CMS) Perform scheduled weekly and monthly Compliance Audits.
Assist with conducting compliance monitoring reviews and testing to identify any deficiencies, exception tracking.
Work with the VP, Compliance to verify recommendations or corrective actions are implemented promptly and effectively.
Contribute to the continued development and maintenance of the compliance management system including the company's policies, procedures, testing, and reporting at a level sufficient to detect and correct program deficiencies.
Monitoring employee training assignments.
Assist with document management.
Conduct preliminary research and due diligence requests as needed, coordinating with Client Service Team and VP, Compliance Stay informed of regulatory requirements applicable to business practices through resources like webinars, industry updates, regulatory publications, legal library.
Occasionally attending seminars, conferences and workshops may be necessary.
Continued progression to other compliance responsibilities.
Other duties/projects as assigned.
Job Type:
Full-time Salary:
$50,000 - $60,000 JR1 MF2 per year
Benefits:
3 weeks PTO JR3 MF4 Company 401(k) Employee Health/Dental insurance Supplemental Life insurance Hybrid Schedule - 3 days per week in the office Job Type:
Full-time Pay:
$50,000.
00 - $60,000.
00 per year
Benefits:
401(k) Dental insurance Health insurance Life insurance Paid time off Vision insurance Schedule:
8 hour shift
Experience:
Business requirements:
2 years (Preferred) Work Location:
Hybrid remote in King of Prussia, PA 19406.
Estimated Salary: $20 to $28 per hour based on qualifications.
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