Licensing Administrator - King of Prussia, United States - Paramount Capital Group LLC

Description

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 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
• 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

• 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.

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


Pay:
$50, $60,000.00 per year


Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift

Experience:

• Licensing: 2 years (preferred)

Work Location:
Hybrid remote in King of Prussia, PA 19406