Compliance Associate

Job Description

Job Description

Compliance Associate

Location: Wall, NJ (Hybrid)
Department: Compliance Department – Quality Division

Work Schedule: In-Office Monday-Friday 8:30AM-5PM EST with one-hour unpaid lunch, then after 90 days move to hybrid schedule

Benefits : Medical, Vision, and Dental Benefits, 401(k), ESOP                                                                                               

Salary : 55k-65k

Position Summary

Velocity Investments is a specialized financial services firm that focuses on acquiring and managing distressed receivables. We are seeking a detail-oriented Compliance Associate to support the Quality Division within the Compliance Department. This position is responsible for conducting internal audits, quality assurance reviews, transaction testing, exception reporting, and ongoing monitoring activities designed to evaluate adherence to company policies, regulatory requirements, client expectations, and operational standards.

The Compliance Associate serves as an independent reviewer responsible for identifying compliance and operational risks, evaluating the effectiveness of internal controls, analyzing quality trends, and supporting corrective action initiatives. This role partners with Compliance, Risk Management, Vendor Oversight, Complaints & Disputes, Operations, and third-party service providers to strengthen the organization's control environment and promote continuous improvement.

Primary Functions

• Internal Audit Reviews
• Quality Assurance Testing
• Transaction Testing
• Exception Reporting
• Control Effectiveness Reviews
• Root Cause Analysis
• Corrective Action Validation
• Trend Analysis & Reporting
• Regulatory Compliance Monitoring
• Process Improvement Initiatives

Equal Employment Opportunity Statement

The Company is an equal opportunity employer and does not discriminate on the basis of race, color, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), gender identity or expression, sexual orientation, national origin, age, disability, genetic information, veteran status, or any other status protected by applicable federal, state, or local law.

Reasonable Accommodation
Applicants and employees who require reasonable accommodation to participate in the application process should contact Human Resources. The Company will engage in an interactive process consistent with applicable law.

Background Check and Employment Eligibility

Employment is contingent upon the successful completion of a background check, verification of employment eligibility, and any other pre-employment screenings required by law or Company policy. Any such background check or screening will be conducted only after a conditional offer of employment has been made, and in accordance with applicable federal, state, and local laws.

Compensation and Benefits Disclaimer
Compensation, benefits, and other terms and conditions of employment are subject to change at the sole discretion of the Company, in accordance with applicable law.

At-Will Employment Statement
Employment with the Company is at-will, meaning that either the employee or the Company may terminate the employment relationship at any time, with or without cause or notice, subject to applicable law.

Job Description Disclaimer
These job descriptions are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. The Company reserves the right to modify, add, or remove duties and to assign other responsibilities as necessary.

Acknowledgment
By applying for this position, applicants acknowledge that they have read and understand the information provided in this job posting.