Director, Central Compliance and Strategy

SoFi•Frisco, TX

About The Position

Shape a brighter financial future with us. Together with our members, we’re changing the way people think about and interact with personal finance. We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world. The Central Compliance and Strategy Director will provide oversight and governance of the end-to-end compliance risk assessment process. This includes defining standards for the compliance risk assessments, overseeing execution of the process for adherence to standards, and analyzing and reporting risk assessment results to management and key stakeholders.

Requirements

Bachelor’s degree required
12+ years of relevant experience in Compliance, Legal, Audit, Regulatory Compliance Management or other related experience
Experience designing, building, and implementing risk assessment methodologies
Experience executing risk assessments
Strong interpersonal skills to collaborate with and influence various key stakeholders/partners across 1st, 2nd and 3rd lines
Excellent communication skills, both oral and written, and the ability to communicate clearly with constituents at all levels of the organization, including playing the role of an effective challenger
Strong organizational and critical thinking skills capable of designing and implementing programs
Ability to analyze processes and recommend ways to improve quality and efficiency
Detailed oriented and able to perform data analysis
Experience with developing management reports
Experience with managing projects
Independently determines methods to solve most problems and takes action to execute solutions with limited assistance
Exercises judgment in situations with limited risk (without management involvement)
Escalates and suggests solutions for complex issues to avoid unintended/negative impact with team and cross-functionally

Nice To Haves

Professional certification such as Certified Regulatory Compliance Manager (CRCM) is preferred

Responsibilities

Evolve the overall compliance risk assessment process, including redesigning the risk assessment methodology
Develop tools, templates and methods (e.g., qualitative and/or quantitative) for performing compliance risk assessments
Train and provide ongoing guidance/support (as needed) on the application and execution of the compliance risk assessment process
Coordinate and oversee execution of annual and periodic compliance risk assessments
Analyze and challenge risk assessment results, and ensure consistent application of methodology
Prepare reports to summarize risk assessment results, and present results/updates to executive management and other stakeholders including risk and compliance committees
Coordinate with stakeholders such as Independent Compliance Testing, Enterprise Risk Management, Internal Audit and other teams as necessary for key data/input needed to execute risk assessments, as well as sharing risk assessment results with such stakeholders accordingly to inform their processes
Maintain and update the inventory of applicable rules and regulations, and products
Coordinate and facilitate the execution of Compliance’s quarterly Risk and Control Self-Assessments (RCSAs)
Perform quality assurance (QA) reviews of Compliance’s risk and control inventory, and control self-assessments for conformance with enterprise policies and standards
Summarize and report quarterly RCSA results to executive management
Monitor and track findings issued to Compliance (e.g., from Internal Audit, regulatory, self-identified/RCSAs, etc.)
Monitor and track findings identified and issued by Compliance to enable timely closure by the applicable business units
Support Compliance (from a project management perspective) on timely closure of open issues (both owned and identified by Compliance), including ensuring issue management processes are followed
Prepare reports on the status of open issues and present status to executive management and other stakeholders including risk and compliance committees