Overview
Why GM Financial?
GM Financial is the wholly owned captive finance subsidiary of General Motors and is headquartered in Fort Worth, U.S. We are a global provider of auto finance solutions, with operations in North America, South America and the Asia Pacific region. Through our long-standing relationships with auto dealers, we offer attractive retail financing and lease programs to meet the needs of each customer. We also offer commercial lending products to dealers to help them finance and grow their businesses.
At GM Financial, our team members define and shape our culture – an environment that welcomes new ideas, fosters integrity and creates a sense of community and belonging. Here we do more than work – we thrive.
Our Purpose: We pioneer the innovations that move and connect people to what matters.
Responsibilities
About the role:
The Sr. Regulatory Compliance Specialist performs a key regulatory compliance function to help ensure corporate initiatives and business processes comply with applicable laws, regulations, and GM Financial policies. The Sr. Regulatory Compliance Specialist will partner closely with key business and operations teams across the organization, Compliance, Legal, Internal Audit, and respective regulators/examiners to manage state and federal examinations to completion. The team member, in response to regulatory exceptions, will research, analyze, and review business processes to promote timely implementation of regulatory requirements, review related remediation documentation, and assist in identification of monitoring opportunities to mitigate future risks. The Sr. Regulatory Compliance Specialist will be responsible for coordinating and working with visiting auditors during Corporate finance securitization audits. This role will also ensure completion of annual regulatory filings, including gathering and working with large amounts of data. As needed, the Sr. Regulatory Compliance Specialist will also assist in daily OFAC compliance reviews.
Qualifications
What makes you a dream candidate?
- Five or more years of experience as point of contact for state and federal regulatory examinations in the financial services industry or related experience, interfacing with external regulating examiners, senior management, stakeholders, and Legal to ensure target deadlines are met for all deliverables as required. Gather complete and timely documentation/data in response to examination requests and regulatory filing report deadlines, maintaining relevant workpapers and key business decisions.
- Advanced knowledge of Federal consumer financial laws and regulations such as Dodd Frank, SCRA, FCRA, UDAAP, ECOA and Regulation B, TILA and Regulation Z, Regulation M, etc. related to consumer lending. The ability and willingness to remain up to date on the latest regulatory trends, including a sound understanding of federal supervisory guidance, including letters, bulletins, circulars, manuals, guides, and handbooks.
- Independently prepare written responses to audit requests and regulatory examination reports, prepare presentations and related documentation, facilitate meetings and prepare meeting minutes, as necessary.
- Assess business processes and identify control weaknesses and opportunities for improvement to mitigate compliance risk in response to examination findings, recommendations, or other internal assessments. Strong ability to articulate these matters with leadership, regulators and other stakeholders while exercising prudent discretion when disseminating critical and/or confidential information.
- Lead and facilitate securitization audits and process daily OFAC compliance reviews, as needed. Support completion of annual regulatory filings, including gathering and analyzing substantial amounts of data using formulas and tables.
- Highly organized team player that demonstrates integrity, critical thinking, the ability to evaluate large amounts of data and remain flexible to successfully manage multiple projects simultaneously with frequently changing work demands and pressure.
- Must be highly proficient in the use of computer functions such as Microsoft Office, Excel, Word, PowerPoint, and SharePoint. Knowledge of GM Financial systems such as FIS, AutoSuite, Oracle, and RSA Archer® GRC platform, is preferred.
- Develop a thorough understanding of and conform with GM Financial policies, procedures, state and federal regulatory requirements, quality control and monitoring activities.
- Provide leadership through influence, inspiration, collaboration and teamwork. Relate well with others, builds relationships, and constructively interact with individuals across the organization in a variety of situations.
Experience & Licenses
- Bachelor’s Degree In a related field, or 4 additional years of related experience beyond the minimum required may be substituted in lieu of a
degree required - 5-7 years Experience within the financial services sector, particularly in a compliance, legal, or audit role, preferably in consumer lending and/or
the auto finance industry required - 5-7 years Advanced knowledge of Federal consumer financial laws and regulations, concepts, and practices required
What We Offer: Generous benefits package available on day one to include: 401K matching, bonding leave for new parents (12 weeks, 100% paid), tuition assistance, training, GM employee auto discount, community service pay and nine company holidays.
Our Culture: Our team members define and shape our culture – an environment that welcomes innovative ideas, fosters integrity, and creates a sense of community and belonging. Here we do more than work – we thrive.
Compensation: Competitive pay and bonus eligibility
Work Life Balance: Flexible hybrid work environment, 2-days a week in office
#LI-Hybrid
#LI-HH1
Salary
The base salary range for this role is: USD $59,700.00 to $110,500.00.
At GM Financial, we strive for transparency in all aspects of our business, including pay equity. This is the GM Financial pay range for this role and job level. The exact salary and compensation will vary based on factors like knowledge, skills, experience, and education.
This role is eligible to participate in a performance-based incentive plan. Full time employees are eligible to participate in health benefits on day one of employment.