Employee Applicant Privacy Notice Who we are: Shape a brighter financial future with us. Together with our members, we’re changing the way people think about and interact with personal finance. We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world. Employee Applicant Privacy Notice
Who we are: Shape a brighter financial future with us. Together with our members, we’re changing the way people think about and interact with personal finance. We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world. Shape a brighter financial future with us. Together with our members, we’re changing the way people think about and interact with personal finance. We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.
The role: The Anti-Money Laundering First Line of Defense Lead will play a crucial role in safeguarding SoFi by ensuring effective implementation of Anti-Money Laundering (AML) and Sanctions policies across the business. This dynamic position sits within the Member Business Unit, and offers the opportunity to collaborate with teams across SoFi, driving both compliance and innovation to ensure each business meets regulatory requirements. If you're passionate about protecting financial integrity and building innovative, technology-driven risk management solutions, this role is for you!
What you’ll do: Program Execution & Risk Mitigation
Direct the execution and enhancement of SoFi’s AML program implementation across SoFi’s businesses, including: • Owning the collection and verification of customer information in line with Know Your Customer (KYC) and Know Your Business (KYB) requirements, including Customer Due Diligence (CDD). • Owning the process of collecting and validating relevant updates to customer information in accordance with SoFi’s procedures. • Overseeing the effective implementation of customer and transaction monitoring systems and escalation processes. • Support the creation, iteration, and execution of AML-related policies, making appropriate risk tradeoffs.
Policy Adherence & Issue Resolution: Driving the remediation of AML-related issues impacting SoFi’s business, customers, and clients. • Lead the response to internal audits, independent compliance testing, regulatory exams, and risk assessments, ensuring SoFi’s preparedness and regulatory compliance. Cross-Functional Partnership & Influence • Act as a key liaison between Compliance, Risk, Engineering, Product, Design, and Operations to drive front line AML program enhancements, focusing on accurate and complete capturing of customer data, business strategies to mitigate AML risk, and prioritization of innovative technology-driven compliance solutions. Act as a key liaison between Compliance, Risk, Engineering, Product, Design, and Operations to drive front line AML program enhancements, focusing on accurate and complete capturing of customer data, business strategies to mitigate AML risk, and prioritization of innovative technology-driven compliance solutions. • Oversee the development and implementation of AML-related technological and operational solutions to support business objectives while mitigating risk. Oversee the development and implementation of AML-related technological and operational solutions to support business objectives while mitigating risk. • Lead the prioritization of AML initiatives, securing executive buy-in and resourcing to continuously strengthen compliance solutions. Lead the prioritization of AML initiatives, securing executive buy-in and resourcing to continuously strengthen compliance solutions. Strategic Leadership & Oversight • Serve as the primary leader ensuring SoFi’s businesses effectively implement AML policies, embedding compliance into business processes and technology. Serve as the primary leader ensuring SoFi’s businesses effectively implement AML policies, embedding compliance into business processes and technology. • Align with stakeholders to develop and implement quarterly and annual objectives, as well as reporting to measure and improve performance Align with stakeholders to develop and implement quarterly and annual objectives, as well as reporting to measure and improve performance • Advise executive leadership on emerging AML technology and industry best practices to proactively shape SoFi’s compliance strategy. Advise executive leadership on emerging AML technology and industry best practices to proactively shape SoFi’s compliance strategy. • Foster a strong risk culture by educating senior business leaders and product teams on AML priorities, ensuring adherence to compliance requirements across all business initiatives. Foster a strong risk culture by educating senior business leaders and product teams on AML priorities, ensuring adherence to compliance requirements across all business initiatives. • Contributes to development of company objectives. Solves problems and drives results related to those objectives in creative and effective ways. Contributes to development of company objectives. Solves problems and drives results related to those objectives in creative and effective ways.