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 Principal Anti-Money Laundering Advisory will provide services to the entire SoFi enterprise, including SoFi Bank, N.A., SoFi Securities, LLC, and the technology platform. Your role will be to support the business in its efforts to identify and mitigate risks related to money laundering, terrorist financing, as well as to improve its ability to meet regulatory requirements, expectations, and guidance in support of developing and maintaining sound AML and sanctions programs and controls.

WHAT YOU’LL DO:

• Act as AML subject matter expert for the SoFi Enterprise, advising Compliance, product managers, engineers, and SoFi’s business units.
• Lead AML/sanctions compliance advisory through the end-to-end KYC customer lifecycle, including CIP verification, CDD and EDD controls
• Continuously engage with leaders in the AML department and across SoFi’s cross-functional leadership to identify changes impacting AML-related processes and prepare guidance as applicable.
• Support the AML Governance team with the annual AML risk assessment and identify strategies to implement effective strategies to mitigate risks identified.
• Provide proactive guidance to reduce exposure to financial crime.
• Support with the development and review of AML policies, procedures, and controls for the SoFi Enterprise, ensuring that they align with both regulatory requirements and business objectives. Ensure policies are properly implemented throughout the product lifecycle.
• Partner closely with compliance, business, and engineering teams to identify, assess, and advise on AML issues and controls.
• Stay informed of the latest developments in AML regulations, industry trends, and best practices. Recommend product updates, policies, and processes to enhance compliance and reduce financial crime risks.
• Assist in regulatory exams, internal audits, and third-party risk management reviews.