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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:
SoFi’s Risk Management team has responsibility for ensuring growth in all products offered and other member-related activities are consistent with the company’s risk appetite. The team holistically manages Enterprise, Consumer Lending products, Credit Cards, Deposit Products, Fraud Prevention, Portfolio Management, Infrastructure, and Business Operating risks. In addition, Risk Management directly manages enterprise partners, ensures strong compliance with regulations, and works to ensure risk policies enable a member-first experience.
Senior Manager, Home Lending Fraud Lead will have the responsibility for partnering with cross-functional teams (Mortgage and Home Equity Operations, Product, Engineering, Credit Risk, Collections, Legal, Compliance, 2LoD) to drive the first line of defense on all Fraud prevention policies and strategies related to Mortgage and Home Equity products. The goal is to develop, implement and optimize an end-to-end Fraud prevention strategy.
Senior Manager, Home Lending Fraud Lead reports directly to the Director of Onboarding Fraud Prevention, Lending Products.
What you’ll do:
Innovate: Bring your brightest ideas to build best-in-class Mortgage and Home Equity Fraud Prevention strategies.
Data-Driven: Conduct in-depth analysis of portfolio and industry fraud trends to identify emerging risks and vulnerabilities
Iterate, learn, innovate: We are all responsible for innovation and must embrace data-driven decisions. This includes working closely with key stakeholders, including Credit Risk, Product, Engineering, Operations, Data Science, Legal and Compliance to deliver effective solutions.
Build the Future: Work collaboratively with the Data Science team or 3rd party vendors to identify opportunities to design or buy new machine learning models.
Be a Fraud Prevention SME: Stay abreast of industry best practices, technology, and regulatory developments in the fraud space and incorporate them into SoFi’s fraud strategy.
Control Risk and Drive Performance Outcomes: Understand Fraud risk (3rd party, 1st party, and Synthetic) and develop approaches to mitigate Fraud loss and responsibly grow revenue. Monitor performance of strategies and portfolios. Document and communicate results and escalate issues as necessary. Identify gaps/opportunities and drive actions.
Grow, Grow, Grow: Be inspired by dynamic leaders and our rapidly growing business. We are recruiting the best, brightest, and passionately quantitative team members.
What you’ll need:
- 5+ years experience in Mortgage and/or Home Equity fraud prevention strategy
- Proven track record of developing and implementing successful fraud prevention strategies
Strong background in utilizing technology, AI, and automation, including third-party solutions, to enhance fraud strategies
- Strong analytical and problem-solving skills, with the ability to translate patterns from large datasets into digestible and actionable insights that inform strategy
- Proficiency in SQL and Python
- Excellent communication and interpersonal skills, with the ability to influence and build consensus across different levels and functions
- Outcome-oriented mindset with a strong bias for action
- Comfort working and effectively communicating in a fast-paced, dynamic environment
- A history of success in leading initiatives and driving results through collaboration and doing hands-on work
- Experience defining and driving a roadmap based on company performance goals
- A curiosity that will enable you to digest the Tala loan product business model quickly and find opportunities to create value
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.
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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!
