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Vice President of Compliance (Hybrid, Philadelphia, PA)

DES Growth Partners, Inc.
King of Prussia, PA
  • Expired: over a month ago. Applications are no longer accepted.
Job Description

Vice President of Compliance (Consumer Financing/Loan Servicing firm).

King of Prussia, PA (hybrid/remote)

Requires: 10 years' compliance/legal leadership experience in consumer lending industry.

Note: This position can be primarily remote but requires interface in the office 4-8 times a month. (May consider fully remote for the right candidate)

Our client is specialty lending/loan servicing firm that is a well-established leader in its field. The company seeks an experienced VP of Compliance to direct all compliance activities for the organization. This leadership position reviews and evaluates compliance issues/concerns within the organization, ensuring that executives, management and all associates are in compliance with the rules and regulations of regulatory agencies; that company policies and procedures are being followed, and that behavior in the organization meets the company's expectations of conduct.

This position serves as a channel of communication to receive and direct compliance issues to appropriate resources for investigation and resolution and serves as a final internal resource with which concerned parties may communicate after other formal channels and resources have been exhausted.

Responsibilities of the VP Compliance (Consumer Financing/Loan Servicing firm):

• Oversees the development, execution, maintenance, and evaluation of Compliance efforts, policies and procedures and related activities to prevent illegal, unethical, or improper conduct.

• Ensures a thorough system of investigating concerns and issues is established, maintained, and followed by all parties involved. Assists in developing policies, procedures and internal controls to mitigate issues.

• Ensures compliance team collaboration with other departments to investigate and resolve complaints or issues thoroughly and accurately. Guides team in consulting with outside entities as needed to resolve legal compliance issues.

• Ensures that self and team act as an independent review and evaluation body to ensure that compliance issues/concerns within the organization are being appropriately evaluated, investigated and resolved.

• Identifies potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues and provides general guidance on how to avoid or deal with similar situations in the future.

• Ensure the company compliance program meets all industry standards and requirements, including but not limited to Gramm-Leach-Bliley Act (GLBA), Truth in Lending Act (TILA).

• Maintains oversight of all regulatory filing requirements.

• Oversees vendor management program to ensure effective risk assessment/management with third party partnerships and contracts.

• Oversees the response to regulatory agency inquiries and audits; serves as the signing and representative authority on responses and examination reports from such agencies.

• Provides reports on a regular basis to CEO and Board of Directors on compliance activities, impacts, trends, and results.

• Institutes and maintains an effective compliance communication program for the organization, including promoting understanding of new and existing compliance issues and related policies and procedures through appropriate and timely compliance training activities.

• Monitors legislative and regulatory developments and ensures that company's policies and procedures are up to date.

Qualifications of the VP Compliance (Consumer Financing/Loan Servicing firm):

• Minimum of 10 years' compliance/legal leadership experience in the consumer finance lending industry .

• 5 + years' experience working with/responding to auditors or regulatory representatives.

• Experience working in a highly regulated industry such as loans, automotive finance

• Strong demonstrated knowledge of all loan and banking industry regulations, such as Gramm-Leach-Bliley Act (GLBA), Truth in Lending Act (TILA), etc.

• Bachelor's degree in Business, Law, Risk Analytics or similar; Master's or Juris Doctor is a plus

• Successful track record leading a team in compliance and audit efforts.

• Demonstrated excellence in developing and executing compliance and legal programs for an organization.

• Clear evidence of a keen attention to detail, with a tendency to question and investigate all angles of a situation.

• Demonstrated excellence in interacting with a variety of audience members, from executives and outside parties to associate-level.

• Clear excellence in written and verbal communication.

• Demonstrated ability to collaborate and work strategically with business partners and outside entities


DES Growth Partners, Inc.


King of Prussia, PA