AML Governance Specialist, SoFi
$105.6-198k
+ Bonus & long term incentives
More information about location
Mobile & online personal finance services
Job no longer available
Mobile & online personal finance services
1001+ employees
Job no longer available
$105.6-198k
+ Bonus & long term incentives
More information about location
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- Bachelor’s Degree or Master’s Degree in Finance, Business, Management, or other relevant areas
- 5+ years of experience in the financial services industry with a demonstrated track record of delivery and/or relevant experience in risk and control management focusing on a variety of large-scale technical projects
- Effective negotiation and influencing skills, including strong written and verbal communication and presentation skills
- Strong management, organizational, and evaluative process skills. Ability to analyze complex organizational and technical issues to improve performance and efficiency
- Demonstrated ability to communicate effectively with all levels of the organization, across different business lines, and with external stakeholders
- Strong attention to detail and ability to manage multiple projects/initiatives to conclusion
- Interacting with, and presenting to, all levels of management, cross-functional partners, and regulators
- Experience in collecting and coordinating responses to internal and external exams
- Experience contributing to AML and Sanctions governance programs
- Drafting, reviewing, implementing, and/or monitoring policies and procedures
- Familiarity with BSA/AML processes and systems (e.g. transaction monitoring systems, customer screening systems, and other related technologies)
What the job involves
- The AML Governance Specialist role will primarily be responsible for the collection of documentation for regulatory exams and other internal and external requests
- This role will also assist with the coordination of governance related deliverables, including but not limited to, the creation of executive-level presentations and the tracking and remediation of recommendations
- Additionally, this role may also contribute to the AML and OFAC risk assessment process, including assisting the AML Risk Assessment Officer by coordinating with cross-functional business leaders to collect requisite data, configuring risk assessment systems, inputting and analyzing responses and results, and tracking action items and deliverables that derive from the assessment
- Assist in regulatory exams, internal audits, and third-party risk management reviews as it pertains to documenting and providing governance-related materials
- Monitor new policies and policy changes across Legal, Risk, Compliance, and the Enterprise, where appropriate
- Coordinate policy updates across the AML Department and ensure policies are reviewed, approved, and presented to applicable committees, as required
- Monitor for and maintain policy exceptions, and ensure exceptions are presented to appropriate committees on a timely basis
- Draft new policies and updates to existing policies as necessary
- Coordinate materials for regulatory presentations (e.g. overviews of AML Departments, process flows, periodic updates, etc.)
- Provide oversight and coordinate the resolution of AML-identified issues, gaps, and risks, and then ensure proper escalation and subsequent tracking of remediation efforts, as applicable
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 them 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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