Meritize is an education lender that uses an individual’s academic history, military background, and work experience to enhance credit evaluation and expand funding for skills-based education. The company’s proprietary merit-based lending program goes beyond traditional underwriting to leverage individual academic and experiential data, resulting in increased access to educational funding and improved outcomes. The Meritize platform promotes the growth and development of skills-based careers on behalf of students, educators and employers through innovative funding solutions, skills building programs and technology-enabled career services.
The Compliance Associate will report to the Chief Compliance Officer- Senior Counsel (“CCOSC”). This position will have the following primary areas of responsibility: 1) to assist the CCOSC in the overall management of the Meritize Compliance Management System (“CMS”), including, but not limited to, tracking of customer complaint(s) and corrective action(s), 2) review and issuance of compliance review reports; 3) assisting in the oversight of regulatory and licensing examinations/activities; 4) development of policies and procedures; and 5) other projects and tasks as needed.
At the direction of the CCOSC, the Compliance Associate is also responsible for maintaining existing Meritize licenses (including, but not limited to, Lending, Business and Servicing related licensure), obtaining new licenses necessary to conduct business and provide Meritize business units with guidance in determining license requirements for new business activities. This includes the collection of any and all requested files, preparation of documentation, review of exam results, drafting responses to reports of examination, and assisting in the implementation and completion of examination remediation. The Compliance Associate will also manage filing of license applications, annual reports, renewals. surety bonds and insurance certificates.
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