Compliance Monitoring And Testing Manager

Who We Are

Xactus (pronounced ‘Zac-tus’) is the leading verification innovator for the mortgage industry. We have over 6,500 clients ranging from the largest bank and non-bank mortgage originators to credit unions and mortgage brokers. With 12 operation centers across the U.S., Xactus works closely with our clients to digitally integrate a 360° approach to verification across their workflows. As a result, lenders can easily access the technology necessary to meet consumer demands for a modern mortgage experience with industry-leading speed, reliability, and accuracy - while also closing more loans more quickly with greater profitability.

We provide a friendly work environment while also providing many opportunities for you to enhance your skills. We have a top-notch financial leadership team who prioritizes building talent. If you are curious and searching for a change that will be fun and rewarding, please reach out to us! We would love to have you on our team!

Who You Are

You are a career-minded, driven individual who is looking for a position that challenges you and supports your professional development.

The Benefits We Offer

A friendly, supportive environment which is highly rated by Xactus employees. Feedback from our employees says: “The people I work with treat each other with respect,” “I feel accepted by my coworkers” and “The person I report to cares about me as a person.”

Health, vision and dental insurances, college tuition benefit, bonus programs, fitness reimbursement and other healthy life-style programs, Maternity and paternity leave, 401k plan, short and long-term disability, life Insurance, accident and critical illness insurance, health savings account, flexible spending account, employee assistance program, legal services, employee discounts and more!

STARTING SALARY RANGE: $80,000 - $115,500

Summary

This position has supervisory responsibility for Xactus’ Compliance Monitoring and Testing Team. As the Manager, you will be responsible for developing and implementing programs to ensure adherence to applicable laws, regulations, contracts, and internal policies. You will work closely with cross-functional teams to assess compliance risks, establish monitoring protocols, and identify areas for improvement.

Essential Functions

The following is a list of essential functions, which is subject to change at any time and without advance notice. Management may assign new duties, reassign existing duties, or eliminate a function based on business needs or at its sole discretion.

Essential Duties And Responsibilities

• Prepare detailed reports and documentation of compliance monitoring activities, findings, and recommendations for management and regulatory bodies
• Collaborate with relevant stakeholders to assess and analyze compliance risks, emerging trends, and regulatory changes that impact the consumer reporting industry
• Stay up to date with industry best practices, regulatory requirements, and advancements in consumer report reselling to proactively identify areas for improvement and enhance the compliance framework
• Conduct regular reviews of internal processes, systems, and data handling procedures to identify potential compliance gaps or deficiencies
• Performs other duties as assigned
• Design and implement monitoring protocols, including the development of key risk indicators (KRIs), testing methodologies, and sampling techniques
• Develop and execute a comprehensive compliance monitoring and testing program to evaluate adherence to regulatory and contractual requirements, including but not limited to the Fair Credit Reporting Act (FCRA), Consumer Financial Protection Bureau (CFPB) regulations, and the credentialing standards of consumer reporting repositories like Equifax, TransUnion and Experian
• Perform compliance testing and reviews to evaluate the effectiveness of controls, identify non-compliance issues, and recommend corrective actions