Business Controls Senior Risk Analyst

SoFi • Frisco, TX

3h

About The Position

The Business Controls Sr. Risk Analyst will support the First Line of Defense (1LOD) by playing a crucial role in establishing and maintaining a robust control environment across Operations. This role will partner with stakeholders to facilitate and drive the consistent implementation and execution of key Second Line of Defense (2LOD) Risk Management programs, including Risk and Control Self-Assessments (RCSA), Issue Management, and Risk Reporting.
This position requires an independent and proactive individual who will partner closely with risk owners and the broader 1LOD organization. The role involves collaborating with stakeholders to identify and develop effective controls to mitigate identified risks, assisting issue owners in enhancing control frameworks to prevent recurrence, and actively contributing to control testing engagements. A key aspect of the role involves creating and reviewing operational workflows to identify potential risks and map appropriate controls, as well as identifying control gaps and supporting remediation efforts in collaboration with operational teams.

Requirements

• Bachelor’s degree
• 4+ years of relevant experience risk management, compliance, or audit
• Experience in the banking and/or fintech industry
• Understanding and experience working with the three lines of defense
• Knowledge of banking products, processes, and regulations
• Experience mapping complex processes and identifying control points
• Self-motivated with strong ability to work independently with minimum oversight
• Strong attention to detail
• Well organized
• Strong critical thinking and problem-solving skills
• Ability to work under pressure, manage multiple tasks and competing priorities, meet deadlines, and adapt to change
• Strong interpersonal, verbal, and written communication skills
• Team player, ability to interact positively with management and colleagues
• Strong collaboration and influencing skills

Responsibilities

• Partner with stakeholders to identify, document, and assess relevant risks and controls
• Conduct walkthroughs of business processes to document process flows and ensure effective controls are in place to mitigate risks
• Manage issues and ensure timely and satisfactory completion of corrective action plans to address the root case and related control gaps
• Conduct timely periodic reviews and updates of RCSAs to assess the design and operating effectiveness of controls based on control testing results, effectiveness of issue remediation, any updates to processes, etc.
• Create and maintain risk management reports for various forums
• Demonstrate strong relationship-building and communication skills in order to support consistent understanding, adoption, and high-quality execution of the enterprise risk management frameworks (policies, programs, processes, etc.) to promote a strong culture of risk management
• Provide support to the stakeholders during oversight activities performed by 2LOD
• Collaborate with the testing team to ensure testing scope comprehensive for identifying and mitigating risks effectively
• Undertake ad-hoc duties, as needed, to support Business Controls.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level