Compliance Recovery Officer at LD&D Consulting

Job Summary:

• The Compliance Recovery Officer is responsible for ensuring that the company adheres to regulatory requirements, internal policies, and ethical standards, particularly in the areas of financial recovery and debt collection.
• This role involves monitoring compliance, identifying risks, and implementing corrective actions to mitigate financial losses.
• The officer will also work closely with various departments to ensure compliance with recovery protocols and legal requirements.

Key Responsibilities:

• Regularly review and monitor the company's recovery processes to ensure compliance with legal and regulatory requirements.
• Conduct internal audits to identify potential compliance risks and recommend corrective actions.
• Implement and manage the company's debt recovery strategies, ensuring compliance with applicable laws and regulations.
• Liaise with clients, customers, and legal teams to resolve outstanding debts while maintaining ethical standards.
• Identify areas of non-compliance or potential risks in recovery operations and recommend solutions to mitigate these risks.
• Ensure that all recovery activities are documented and reported according to company policy and regulatory guidelines.
• Train staff on compliance requirements and recovery procedures to ensure company-wide adherence.
• Prepare and submit regular reports on compliance issues, recovery performance, and risk mitigation strategies to senior management.
• Keep abreast of changes in regulations and update policies and practices accordingly.
• Work closely with legal, finance, and operations teams to ensure that recovery processes are legally sound and efficient.

Requirements:

• Bachelor’s degree in Finance, Accounting, Law, or related field.

Experience:

• 5 years of experience in compliance, debt recovery, or related field.
• Familiarity with regulatory frameworks and recovery strategies.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• High attention to detail and strong organizational skills.
• Proficiency in using compliance management and recovery software.
• Ethical Judgment: Ability to make decisions that align with company values and legal standards.
• Keen awareness of potential risks in compliance and recovery processes.
• Ability to manage and resolve conflicts with clients or internal stakeholders.
• Legal Knowledge: Understanding of relevant laws and regulations impacting compliance and recovery operations.