Galileo Chief Compliance Officer, SoFi
$150.4-258.5k
+ Bonus
More information about location
Mobile & online personal finance services
Job no longer available
Mobile & online personal finance services
1001+ employees
Job no longer available
$150.4-258.5k
+ Bonus
More information about location
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- 12+ years of experience and knowledge in large banking organizations including expertise in applicable banking laws/regulations/guidance regulations, and working knowledge in BSA/AML/OFAC and privacy
- Experience in developing and motivating teams under pressure
- Strong work ethic, highest integrity, and a can-do positive attitude
- Demonstrate experience in audit or compliance-related fields, including a working knowledge of appropriate risk management techniques as well as a strong understanding of audit processes and internal controls
- Ability to analyze risk trends at a macro level, identifying signs of changing risk levels and/or symptoms of process control breakdowns
- Ability to quickly navigate through a complex organization
- Superior oral and written communication skills
- Comfortable making presentations to executives, groups of professionals, and external stakeholders with the ability to articulate complex problems and solutions through concise and clear messaging
- The ability to influence and effectively challenge
- Creative thinking who can map out creative solutions and lead their implementation
- Strong project management skills with the ability to prioritize multiple demands
- Possess strong business acumen and judgment plus the ability to communicate key issues to all levels
- Self-motivated and self-directed with a ‘hands-on’ leadership style to lead change
- Strong interpersonal skills for building strong relationships with stakeholders and engaging teams
- Effective negotiation skills, a proactive and “no surprises” approach in communicating issues, and strength in sustaining independent views
What the job involves
- Reporting into the Enterprise Chief Compliance Officer, this role will manage a global compliance team supporting the Galileo business of Sofi Technologies
- Build and maintain a Compliance Management System commensurate in scale and capability with the size, growth and complexity of the business, with regard to the direct and indirect regulatory risks incurred
- Serve as subject matter expert on payment processing compliance related topics by maintaining industry insights and timely review of related industry alerts and environment to help determine applicability and risk to the organization
- Develop, in partnership with the Enterprise Compliance Management Program team, an oversight program which ensures accurate product development and oversight on behalf of clients
- Engage across the three lines of defense to establish effective and collaborative relationships and feedback loops to identify and address root causes of concern. Maintain effective communication with business leaders and process owners so that all personnel are informed regarding compliance requirements and work together to mitigate compliance risk exposure and participate in corrective action when required
- Project planning and management including implementing regulatory change events
- Design and enhance reporting to the Compliance Committee on the status of regulatory compliance, including the details of any identified compliance issues and the corrective action taken
- Serve as people leader in supporting and recruiting a team of direct reports. Provide guidance and coaching in developing the team’s skills and knowledge of Galileo’s compliance management program
- Champion a corporate culture in which all personnel view regulatory compliance as aligned with the Company’s purpose and values and is regarded as a key objective in business decisions and process development/implementation
- Ensure compliance risk controls exist in accordance with regulatory standards and best practices throughout client build and implementation phases and through ongoing risk assessments and control monitoring, as needed
- Ensure an updated database of all Galileo and Technisys compliance requirements applicable to the Company is maintained, and the processes are in place to ensure compliance, including those in foreign jurisdictions through partnership with local counsel
- Possesses a working knowledge of payment regulatory requirements and remains aware of the economic environment and business best practices that will affect the Company’s strategic plans
- Act as a payment processing subject matter expert and provide consulting or advisory services to business or internal partners on an as needed basis
- Liaise with external parties to include partner banks, clients, examiners, internal and external auditors, and outside consulting firms regarding the Company’s compliance function
Our take
SoFi started by offering ways for students to secure better financial terms on their loans, and now offers a huge range of personal finance products, including bank accounts, loans, mortgages, investment advice, and investment opportunities. Many customers find they have to go to multiple financial service providers to meet all their finance needs, but SoFi overcomes this issue by putting it all in one place.
Its goal, to cover all the financial bases, sets it apart from many of the traditional banks and even some of their digital competitors, such as Avant, which has chosen to focus on providing credit alternatives. Although it is operating in a competitive market with a lot of big players such as Monzo, Revolut, and Starling, the company has managed to raise huge amounts of funding to support its rapid expansion.
SoFi has focussed on global expansion, moving outside the US, and has made a series of acquisitions to support this - including a Hong Kong-based investment app called 8 Securities. After going public on the New York Stock Exchange via a SPAC merger in June 2021, the company has continued to evolve and release more mission-oriented services into its roster, and strengthened its lending capabilities through a $350 million post-IPO loan. To date, the company has sold over $15 billion in personal loan collateral and continues to strengthen its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
7% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Jan 2021
$369.9m
LATE VC
May 2019
$500m
GROWTH EQUITY VC
Total funding: $2.7bn
Company benefits
- Comprehensive health, vision, dental, life insurance, and disability benefits
- Generous vacation and holidays
- Paid parental leave for eligible employees
- 401(k) and education on retirement planning
- Tuition reimbursement on approved programs, up to $5,250 per year
- Monthly contribution up to $200 to help you pay off your student loans
- Great health & well-being benefits including: telehealth parental support, subsidized gym program
- Flexible time off
- Fertility and family planning options
- Free financial classes
Company HQ
The East Cut, San Francisco, CA
Leadership
Anthony Noto
(CEO)Graduated from the U.S. Military Academy after being a telecommunications officer and captain in the U.S. Army. Has worked as Head of Gobal Telecommunications, Media and Technology at Goldman Sachs, been the COO of Twitter, and also the CFO of the National Football League.
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