Director of Legal and Compliance

GENERAL SUMMARY:

Responsible for ensuring iLending complies with its outside regulatory requirements and internal policies, and will be responsible for the corporate governance procedures ensuring each department has properly documented control procedures in place and that these are updated appropriately. Additionally, this position will provide legal and governance support to the Chief Operating Officer who is responsible for legal and compliance within iLending. As iLending expands to more locations nationwide, this position will work on compliance with local legislation where necessary. The postholder will be responsible for identifying legislation that impacts on iLending and ensuring compliance with it.

This position will oversee 2 direct reports in the Legal and Compliance department, and must be able to effectively manage those positions accordingly.

ESSENTIAL DUTIES & RESPONSIBILITES:

• Create, implement, administer and enforce policies, procedures and laws required for iLending to operate in accordance with the law and regulations.
• Maintain and update a compliance manual. (Compliance Management System, CMS)
• Drafting and negotiating simple and complex contracts including but not limited to those related to lending partnerships as well as with third party vendors.
• Advising on general business law issues and managing legal issues including corporate matters, procurement, health and safety and governance.
• Advising on data protection and privacy
• Keep up to date with, and understand, relevant laws and regulations, monitor compliance with laws, regulations and internal policies
• Educate employees on not only the legal requirements but also the impact on the organization if these do not remain compliant
• Report back to business functions on current risk and compliance performance, highlighting or escalating areas of concern and contribute to robust and effective compliance controls within the organization
• Review marketing materials, presentations and websites to ensure compliance with regulatory requirements
• Assist in the gathering of internal information in response to regulatory requests
• Perform various general administrative duties (such as file creation and maintenance of ongoing administrative projects)
• Collaborate with other departments to create a culture of compliance.
• Assisting the COO in the provision of legal advice in-house as required.

EDUCATION and/or WORK EXPERIENCE REQUIREMENTS:

• At least 3 years' experience in a similar director role
• Juris Doctorate degree highly preferred
• Strong legal experience in corporate and commercial matters
• Excellent problem solving, analytical and business intelligence skills
• Excellent written and verbal communication skills
• Ability to manage multiple projects adhering to logistics, timescales and deadlines;
• Proficient in MS Office (including Word, Excel and Outlook);
• Strong attention to detail;
• Strong organizational skills; delivering on deadlines and to budget;
• Self-motivation and initiative;
• Ability to work both independently and as part of a team;

PHYSCIAL REQUIREMENTS:

The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities perform the essential functions.

• Requires the ability to operate a personal computer, office suites, multi-line phone, calculator and other basic office equipment.
• Requires the ability to concentrate and consistently produce accurate work.
• While performing the duties of this job, the Team Member is frequently required to sit, use hand to finger, handle or feel, reach with hands and arms, and talk or hear.
• This position requires extended periods of sitting.
• The Team Member is occasionally required to stand and walk and walk upstairs.
• The Team Member is occasionally required to stand for long periods of time, stoop, kneel, crouch or crawl.
• The Team Member must be able to occasionally lift and or move up to 20 pounds.
• Specific vision abilities required by this job include close vision, distance vision and the ability to adjust focus.

WORK ENVIRONMENT:

The Work environmental characteristics described here are representative of those a Team Member encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• The noise level is moderate to loud at times
• The physical exertion is moderate between work and our extraneous activities
• Work is performed in an office setting
• There are frequent Team Member/customer contacts and interruptions from the person or the telephone during work hours.

iLendingDIRECT reserves the right to revise or change job duties and responsibilities as the need arises. All job descriptions are to reflect performing other duties as assigned when the situation calls for it. This position description does not circumvent the 'At-Will" relationship or constitute a written or implied contract of employment.