Sofi - Frisco, TX

posted 21 days ago

Full-time - Mid Level
Remote - Frisco, TX
Credit Intermediation and Related Activities

About the position

The Independent Compliance Testing (ICT) Program performs a key second line of defense role, to help ensure regulatory requirements are met across the applicable lines of business at SoFi. This "Compliance Advisor" will assume the role of a Compliance Tester in ICT, and will be responsible for leading and executing risk-based compliance transaction, control, and outcomes-based testing, for the purpose of independently validating business line adherence to applicable consumer/commercial lending products, cards and payments laws and regulations (for the whole product lifecycle). This role will report to the Regulatory Compliance Testing Team Lead, and the role may also require executing some testing in financial services subject matter areas other than those outlined above.

Responsibilities

  • Executing aforementioned testing in adherence to program methodology and procedures, under the leadership of a team leader.
  • Ensure all tasks and reporting are completed within established timeframes, in accordance with the program's test plan.
  • Analyzing data from multiple sources and systematically documenting the work and results.
  • Identifying and classifying any test findings properly; managing and tracking those findings to ensure the business owner remediates the issue; and performing validation and sustainability review/testing to confirm that the finding has been fully addressed.
  • Establishing and maintaining strong working relationships with relevant Compliance Officers and Business Areas.

Requirements

  • Bachelor's degree
  • At least 6-10 years of compliance testing or auditing experience, specifically within financial services or a regulated banking institution
  • Strong working knowledge of consumer lending (personal loans, student loans), credit cards and consumer (and commercial) payments; and their applicable laws and regulations.
  • Strong problem-solving and conceptual thinking skills
  • Strong communication skills

Benefits

  • Base pay range: $105,600.00 - $198,000.00
  • Eligible for a bonus
  • Long term incentives
  • Comprehensive and competitive benefits
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