Compliance Analyst - Ascent Funding

San Diego, CA

About the Job

Ascent is an award-winning, rapidly growing, pre-IPO FinTech company that is on a mission to revolutionize the way people pay for college. We aim to improve learner’s access to the higher education system by being transparent and offering products that support a diverse population of students through our Ascent College and Bootcamp Loans. We believe education is an investment in the future, and we want to empower students of all economic backgrounds.

Job Description:
The Compliance Analyst will report to the VP, Compliance & Vendor Management and ensure compliance by the Company and its vendors with applicable laws, regulations, and Company policies and procedures. The role requires a working knowledge of consumer financial protection laws and regulations.

Responsibilities:

Review and test operational functions for adherence to applicable laws, regulations, and company policies and procedures
Monitor and review verbal, written and electronic communications
Monitor and review transactions in connection with consumer loan servicing and debt collection
Analyze exceptions and make recommendations to enhance internal controls and/or improve efficiencies
Effectively communicate testing results to management
Assess compliance with consumer financial laws and regulations
Contribute to special projects as assigned.
Review existing and proposed legislation and regulations, regulatory announcements, and industry periodicals to assess applicability and impact to Company
Create clear and accurate written reports summarizing testing findings
Work closely with colleagues to provide continuous improvement strategies and measurements
Review and draft regulatory complaint responses
Other duties as assigned

Education & Other Minimum Requirements:

High school diploma
Strong interpersonal skills and the ability to prioritize work when demands change
Impeccable attention to detail
Strong critical-thinking and problem-solving skills.
Ability to work independently with minimal supervision.
Effective written and verbal communication skills
Ability to manage projects
Collaborative team player
Working knowledge of Microsoft Office products

Bonus points if you have:

Post-secondary degree
2+ years of compliance experience in consumer lending, loan servicing, debt collection, or other consumer financial services
Working knowledge of loan servicing and debt collection laws and regulations preferred

Competitive pay with bonus, and comprehensive benefits package that includes, but not limited to:

This position pays $70,000 annually plus bonus
Company Stock Options
401(k) + Company Match
Medical, dental, and vision coverage
Annual HSA contribution of $1,600
Life insurance, disability, and critical illness
14 Paid Holidays! Eleven (11) + Two (2) Community Days + Your Birthday!
Snacks and drinks in the office
Tuition reimbursement program
Generous paid leave policies
$2,000 Vacation Incentive Plan after 3 years + $1,000 Sabbatical Day
Wellness, Work from Home funds and more!

The Job Description is intended to be a general representation of the responsibilities and requirements of the job. However, the description may not be all-inclusive, and responsibilities and requirements are subject to change.

Equal Employment Opportunity

It is the policy of the Company to provide equal employment opportunities to all employees and employment applicants without regard to unlawful considerations of race, religion, color, national origin, sex, sexual orientation, gender identity or expression, age, sensory, physical, or mental disability, marital status, veteran or military status, genetic information, or any other classification protected by applicable local, state, or federal laws. This policy applies to all aspects of employment, including, but not limited to, hiring, job assignment, compensation, promotion, benefits, training, discipline, and termination. Reasonable accommodation is available for qualified individuals with disabilities, upon request.

Source : Ascent Funding