Senior Director, New Product and Business Risk Oversight

SoFi•San Francisco, CA

About The Position

This role is part of the Enterprise Risk Management (ERM) team within Independent Risk Management (IRM). Its primary responsibilities include being the central role in fulfilling the position of a Business Unit Risk Officer as well as setting requirements for the company-wide framework to assess New Products and Change Initiatives. This includes development and ongoing governance of risk management practices for products offered internationally.

Requirements

Bachelor’s degree in Finance, Economics, Business Administration, Risk Management, or related field.
12+ years of experience in risk management within financial services, with exposure to multiple risk disciplines, including experience operating under globally recognized regulatory regimes.
Demonstrated experience building Independent Risk Management practices, implementing risk frameworks, or overseeing risk governance across multiple regions.
Strong understanding of principles across risk categories including credit, operational, market, and financial-crime risk.
Proven experience in a leadership or senior advisory role with accountability for risk oversight at a business-line level.
Strong understanding of banking products, services, and regulatory requirements.
Demonstrated ability to operate effectively in a matrixed environment, collaborating across multiple functions and geographies.
Strategic Risk Thinking – Ability to synthesize complex and cross-disciplinary risk information into clear, actionable insights.
Influence & Collaboration – Builds trust and drives alignment across multiple stakeholder groups in a matrix structure.
Challenge & Oversight – Constructively challenges assumptions, decisions, and risk-taking behaviors while remaining solution-oriented.
Execution & Accountability – Drives risk programs to completion, ensuring tangible business outcomes.
Communication Excellence – Communicates risk issues and recommendations effectively at all organizational levels.

Nice To Haves

Master’s degree (MBA, MS Risk Management, or related discipline).
Professional certifications such as FRM, PRM, CFA, or CRCM.
Experience interfacing with regulators and external auditors.

Responsibilities

Serve as the first point of contact and escalation path for risk matters within the assigned businesses.
Advise business leadership on risk implications of strategic initiatives, product changes, market entry/exit decisions, and operational transformations.
Lead IRM deal teams in partnership with the Business Compliance Officer, and coordinate inputs from functional risk leads to produce a holistic IRM point of view.
Influence and challenge senior management constructively, ensuring balanced risk/reward decisions.
Establish and oversee policy requirements for the assessment of new, modified and expanded products as well as business change initiatives.
Provide second-line oversight of the end-to-end product lifecycle to ensure alignment with the bank’s risk appetite, regulatory expectations, and strategic objectives.
Define minimum risk management standards for new, modified, or expanded products across all risk types (credit, market, liquidity, operational, compliance, etc.).
Architect the ongoing IRM operating model for products globally, establishing the governance structures, policies, and monitoring standards necessary to identify, measure, manage, and escalate risk across risk categories.
Establish clear new product approval thresholds, documentation standards, and escalation protocols.
Set expectations for post-launch product review and performance monitoring.
Serve as the central IRM lead partnering across IRM in developing ongoing international risk management requirements and country-level risk governance structures, including risk appetite, limits, policies, and reporting.
Adapt the ERM framework to local regulatory and risk environments while maintaining global consistency.