DESCRIPTION

Position at SoFi

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.

THE ROLE:

The AML Compliance Specialist - CIU will conduct due diligence on new and existing cryptocurrency and traditional finance customers to ascertain whether a potential legal, regulatory, or reputational risk exists. The AML Compliance Specialist will support the CIU with the buildout and execution of procedures to conduct KYC due diligence reviews on SoFi’s customers engaging in cryptocurrency and other virtual asset activity, including individuals and legal entities. As needed, the AML Compliance Specialist will support the CIU with other activities including name screening, transaction screening, and periodic reviews.

WHAT YOU’LL DO:

• Conduct EDD/periodic reviews for cryptocurrency and traditional finance customers to ensure that information is current and accurate and that activity is in line with what is expected for the customer type.
• Conduct Sanctions, Politically Exposed Persons, and Adverse Media screening as part of Customer Due Diligence reviews for cryptocurrency and traditional finance customers.
• Support the development of KYC related procedures for cryptocurrency customers, and apply knowledge of techniques used in cryptocurrency investigations.
• Evaluate whether AML risks and/or red flags are present, and escalate as appropriate.
• Maintain a thorough comprehension of AML typologies related to retail banking, lending, securities, and cryptocurrency/virtual assets
• Conduct research utilizing available systems, databases, and the internet, consistent with investigation procedures.