Employee Applicant Privacy Notice
Who we are:
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 role:
The Principal Anti-Money Laundering Advisory will provide services to the entire SoFi enterprise, including SoFi Bank, N.A., SoFi Securities, LLC, and the technology platform. Your role will be to support the business in its efforts to identify and mitigate risks related to money laundering, terrorist financing, as well as to improve its ability to meet regulatory requirements, expectations, and guidance in support of developing and maintaining sound AML and sanctions programs and controls.
What you’ll do:
Act as AML subject matter expert for the SoFi Enterprise, advising Compliance, product managers, engineers, and SoFi’s business units.
Lead AML/sanctions compliance advisory through the end-to-end KYC customer lifecycle, including CIP verification, CDD and EDD controls
Continuously engage with leaders in the AML department and across SoFi’s cross-functional leadership to identify changes impacting AML-related processes and prepare guidance as applicable.
Support the AML Governance team with the annual AML risk assessment and identify strategies to implement effective strategies to mitigate risks identified.
Provide proactive guidance to reduce exposure to financial crime.
Support with the development and review of AML policies, procedures, and controls for the SoFi Enterprise, ensuring that they align with both regulatory requirements and business objectives. Ensure policies are properly implemented throughout the product lifecycle.
Partner closely with compliance, business, and engineering teams to identify, assess, and advise on AML issues and controls.
Stay informed of the latest developments in AML regulations, industry trends, and best practices. Recommend product updates, policies, and processes to enhance compliance and reduce financial crime risks.
Assist in regulatory exams, internal audits, and third-party risk management reviews.
What you’ll need:
Bachelor’s Degree from a four-year college or university in a related field.
10-15+ years of experience in AML with a focus on retail banking and recent experience developing Commercial Payment Services (“CPS”) / Banking as a Service (“BaaS”) AML controls/processes or AML third-party risk management controls.
Comprehensive understanding of CPS/BaaS products including payments processing, card issuance, credit and lending and other traditional retail banking services.
Demonstrated ability to communicate effectively with all levels of the organization and across different business lines.
Demonstrate strong leadership and management skills that build solid working relationships within the organization.
Excellent working knowledge of BSA/AML laws and regulations in both retail banking, and commercial payments.
Experience in providing anti-money laundering guidance/advice to Compliance, Business and Engineering leaders.
Excellent organizational, verbal, written and interpersonal skills are required.
Must be able to multitask, adapt well to changing priorities, and effectively prioritize responsibilities to meet critical deadlines.
Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure.
Excellent analytical skills required.
Ability to work collaboratively and independently while managing projects and assignments.
Nice to have:
CAMS/CFE certification
Top Skills
What the Team is Saying
What We Do
For over a decade, SoFi has helped transform the Fintech industry by creating financial products and services that help people borrow, save, spend, invest, and protect their money better, so they can achieve financial independence and realize their ambitions. Whether it’s owning a home, saving for retirement, paying off their student loans, or helping our members invest - SoFi is there every step of the way. Want to learn more about how it works? Check it out here: https://www.sofi.com/how-it-works/
Our core values are at the center of how we help our millions of members get their money right. They are our guiding principles for how we think about serving our members, building our company, and most importantly, how we work together. At SoFi, it’s not just what we do - but how we do it.
SoFi is also proud to be the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams.
For more information, visit SoFi.com
Why Work With Us
Together with our members, we’re changing the way people think about and interact with personal finance. We’re a next-generation Fintech company using innovative, mobile-first technology to help our members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront.
Gallery
SoFi Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
For the majority of our workforce who work on a hybrid schedule, the in-office requirement is a handful of days per month!
