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Compliance Advisor
Social Finance - San Francisco, CA
posted about 1 month ago
About the position
The Compliance Advisor at SoFi plays a crucial role in ensuring the organization's adherence to regulatory compliance and integrity. This position involves executing compliance assurance, risk assessment, and monitoring issues to ensure that the company meets its compliance obligations. The Compliance Advisor will lead quality assurance reviews, validate corrective actions, and collaborate with various stakeholders to enhance compliance processes across the organization.
Responsibilities
- Establish and maintain strong working relationships with relevant Compliance Officers and Business Areas.
- Lead QA reviews to ensure ICT testing adheres to program standards and policies.
- Check and challenge ICT reviews including scope memos, risk assessments, testing plans, field work, work papers, analyses, and reports.
- Communicate issues timely as they arise for remediation during the process, and be proactive and professional with stakeholders.
- Report QA results and findings to SoFi leaders and stakeholders verbally and in writing.
- Maintain QA work papers in the system of record completely and accurately in a timely manner.
- Lead risk assessment reviews to ensure completeness and accuracy of Compliance Risk Assessments.
- Ensure that risk assessment content is fit for purpose in terms of its inputs, analyses, and outputs, as well as well-supported and fulsome.
- Lead issue validation program on behalf of ICT.
- Identify and classify findings properly; manage and track those findings to ensure the business owner remediates the issue; and perform validation and sustainability review/testing to confirm that the finding has been fully addressed.
- Analyze data from multiple sources and systematically document the work and results.
- Ensure all tasks and reporting are completed within established timeframes, in accordance with the program's validation plan.
- Drive innovation through data analytics and technology-enabled solutions to identify regulatory compliance risk exposures and improve funnel efficiency.
- Coordinate with various business teams for regulatory exams and internal audits, providing requested data as needed.
Requirements
- Bachelor's degree
- At least 8-10 years of legal, quality assurance, regulatory compliance, federal or state examination, compliance testing or auditing experience, specifically within fintech, financial services, or a regulated banking institution
- Deep knowledge of US banking laws, broker/dealer, BSA/AML and sanctions regulations
- Strong analytical, problem-solving, critical thinking, and communication skills
- Confidence in verbal and written communication skills required; must be able to communicate with all levels of the organization with tact and diplomacy
- Ability to work independently and a strong sense of ownership (methodical, self-starter, hands-on, detail oriented, and big-picture minded), as well as ability to collaborate with cross-functional teams and build strong relationships
- Ability to work in a fast-paced environment and adapt to changing expectations
Nice-to-haves
- JD
- CIA
- CAMS
- CRCM certification
Benefits
- Base pay range: $102,400.00 - $192,000.00
- Eligible for a bonus
- Long term incentives
- Comprehensive and competitive benefits
