Anti-Money Laundering Compliance Senior Specialist, SoFi
$80-150k
Mobile & online personal finance services
Job no longer available
Mobile & online personal finance services
1001+ employees
Job no longer available
$80-150k
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- Bachelor’s Degree from a four-year college or university in a related field
- 3-5 years of experience in the finance industry focusing on AML transaction monitoring
- Demonstrated ability to communicate effectively with all levels of the organization and across different business lines
- Excellent working knowledge of BSA/AML laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity
- Experience with AML transaction monitoring systems
- Administering anti-money laundering policies and procedures
- Excellent organizational, verbal, written and interpersonal skills are required
- Must be able to multitask, adapt well to changing priorities and effectively prioritize workflow to meet critical deadlines
- Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure
- Excellent analytical skills required
- CAMS certification preferred (or willingness to become certified within one year of start date)
What the job involves
- Conduct AML investigations to evaluate whether AML risks derived from alerts and cases generated from manual and automated transaction monitoring alerts/cases are risk-relevant and may warrant a SAR filing to be prepared. Ensure alert and case determinations are appropriate, fully supported, clearly documented
- Conduct Continuing Activity Reviews based on previously SARs filed and determine whether a subsequent filing is appropriate based on facts and circumstances
- Conduct investigations related to 314(a) matches, 314(b) requests and law enforcement inquiries as necessary
- Maintain a thorough comprehension of AML typologies related to retail banking and wealth management
- Conduct research utilizing available systems, databases, and the internet, consistent with the resolution of investigations
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.
Share this job
View 87 more jobs at SoFi