Senior Manager of Model Management, SoFi
$172.8-297k
+ Bonus + Long Term Incentives
Mobile & online personal finance services
Be an early applicant
Mobile & online personal finance services
1001+ employees
Be an early applicant
$172.8-297k
+ Bonus + Long Term Incentives
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- An innovative and entrepreneurial spirit and the desire to leverage technology to the fullest extent
- Bachelor’s Degree or Master’s Degree in Statistics, Computer Science, Mathematics, Finance, Computer Science, Engineering or other relevant areas
- 10+ years of experience in the finance industry focusing on BSA/AML, OFAC, or fraud modeling/analytics
- Strong statistical/data analytical skills, including data quality validation and predictive modeling experience in SQL, R, and/or Python
- Knowledge of and ability to leverage traditional databases, cloud-based computing, and distributed computing
- Experience supporting and managing AML governance-related responsibilities, including risk assessments, internal/external audits, and other regulatory requirements
- Demonstrated ability to communicate effectively with all levels of the organization and across different business lines
- In-depth knowledge of AML regulations and the USA PATRIOT Act
- Familiarity with regulatory guidance on Model Risk Management (Federal Reserve SR Letter 11-7, OCC Bulletin 2011-12, FDIC FIL 22-2017, DFS504)
- Experience with data visualization (e.g., Tableau) and data monitoring systems (e.g., DataDog, Monte Carlo)
- Experience with cloud data infrastructure (e.g., Snowflake), automated transaction monitoring (e.g., Verafin), and customer/transaction screening (e.g., LexisNexis)
- Experience with infrastructure automation software (e.g., Terraform) and familiarity with virtualization and containerization (e.g., Docker, Kubernetes)
- CAMS certification preferred
What the job involves
- The Senior Manager, Model Management, will lead the Model Management team within the Compliance Analytics department
- This role is responsible for developing innovative and industry leading models across the full lifecycle of AML, surveillance and other compliance models, including development, implementation, optimization, and validation
- The manager will also oversee vendor integrations, ensure model governance, and provide comprehensive reporting to oversight bodies
- This role will also support AML governance initiatives including risk assessments and internal/external inquiries
- Lead and manage the Model Management team, including performance management, mentorship, and resource allocation
- Oversee the development, implementation, and maintenance of AML and surveillance models across multiple product lines (banking, brokerage, lending) to ensure robust risk coverage with improved efficiency
- Manage and optimize AML applications to ensure conceptually sound design, proper implementation, and acceptable performance
- Act as a key point of contact for Model Risk Management matters, collaborating with internal stakeholders (e.g., Compliance, Technology, Business Units) and external partners (e.g., vendors, regulators)
- Partner with technical teams (developers, program managers, data analysts) to deliver AML technology transformation initiatives related to models and systems
- Communicate complex model-related information to both technical and non-technical audiences in a clear and concise manner
- Oversee the research, compilation, and evaluation of large datasets for AML threat detection and model building
- Direct the building and refinement of experimental models using machine learning and statistical modeling methods (supervised and unsupervised learning)
- Present model performance reports and key metrics to senior management and relevant committees
- Identify and implement process improvements within the Model Management function to enhance efficiency and effectiveness
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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