Sofi - Frisco, TX

posted 19 days ago

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

About the position

The Sr. Mgr, Compliance Risk Assessment reports to the Director of Compliance Risk Assessment and is responsible for supporting the day-to-day execution of the Compliance Risk Assessment (CRA) Program. This includes managing templates and data inputs, overseeing the execution of the CRA, and drafting policies, procedures, results and management reporting of the CRA. This role will also lead the Compliance RCSA process.

Responsibilities

  • Develop and lead the execution of project plans to ensure timely completion of the CRA
  • Perform quality assurance reviews on compliance controls to ensure each control meets the requirements of the minimum control standards
  • Manage the process to ensure connectivity of the risk assessment program to independent compliance testing and the enterprise RCSA program
  • Lead training efforts for the first line of defense and Compliance Advisors with respect to identifying and documenting controls that can be mapped to compliance risk
  • Lead the execution of the CRA for the assigned business coverage area and escalate any issues in a timely manner
  • Perform quality assurance reviews of the CRA for the assigned business coverage area, including providing credible challenge to risk ratings and rationales for assessment units
  • Lead meetings with relevant stakeholders in the First and Second Lines of Defense to understand products, services, and clients and how it impacts related risks and controls
  • Ensure key risks and business lines are mapped to relevant rules and regulations
  • Work with various stakeholders across the First and Second Lines of Defense to create management action plans to address control gaps that were identified during the CRA process

Requirements

  • Bachelor's degree required
  • Minimum of 12 years of relevant experience in consumer compliance or as a federal regulator
  • Professional certification such as Certified Regulatory Compliance Manager (CRCM) is preferred
  • Management/Leadership experience related to compliance processes and activities common to mid to large banking organizations
  • Management/leadership in audit and regulatory exams

Benefits

  • Base pay range: $124,800.00 - $214,500.00
  • Eligible for a bonus
  • Long term incentives
  • Comprehensive and competitive benefits
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