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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 various aspects of 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 compliance advisory through the end-to-end KYC customer lifecycle, including CIP verification, CDD and EDD controls and navigating international regulations including FATF, EU Directives, and other geographic considerations.
- Continuously engage with leaders in the AML department and across SoFi’s cross-functional leadership within the three lines of defense 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 and procedures 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 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 within various international jurisdictions
- 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
- Multilingual
Top Skills
What the Team is Saying
What We Do
SoFi wasn’t built to be a bank. Or a technology company. We were built for one mission: help people achieve financial independence so they can realize their ambitions.
Redefining an entire industry isn’t easy work—and it’s not for the faint of heart. It takes a certain kind of team. People with diverse perspectives and expertise, united by a common sense of purpose. People willing to challenge assumptions but always do the right thing. People proving that innovation and responsibility don’t have to compete, but can come together to create something truly unconventional in the world.
For the last eight years, we’ve been charting this new path forward. We call it The SoFi Way.
At SoFi, we don’t just talk about culture: we live it. The SoFi Way is how we show up every day, how we make decisions, and how we build for our members, clients, and each other.
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.
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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!
