Senior Compliance Specialist, Payment Processing

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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 fintech company 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

Galileo is seeking an energetic, detail oriented, self-motivated individual to join our Compliance team. This position requires performing day-to-day compliance management activities in working with our bank partners and payment clients as well as other projects as assigned. The candidate will have excellent organization, communication, analytical thinking, and follow-through skills to assist in support of the Galileo payment processor space. The ideal candidate will thrive in a fast-paced environment, be an agile learner, think strategically, have experience in financial services regulations and a passion for regulatory compliance..  

What you’ll do:

• Assist in building out, maintaining, and testing policies and procedures that are regulatorily compliant and consistent with management’s risk appetite and strategy
• Assisting with risk assessments, third party oversight and policy/procedure reviews and documentation of controls
• Leading due diligence efforts for prospective and current clients & banks
• Leading or participating in projects designed to address regulatory compliance requirements in the US and LatAm countries
• Provide regulatory knowledge to business teams to ensure a culture of compliance and partnership
• Provide compliance support to the relationship managers and support the sponsor bank and fintech client in launching product offerings
• Support incident management and provide compliance guidance for remediation of issues
• Respond to internal and external audits
• Assist with monitoring and staying abreast of compliance related industry developments as well as proposed and new regulations related to banking and fintechs
• Assist in the preparation of management and board level reporting packages/materials, including dashboards slide decks
• Understand and review marketing materials for both consumer and B2B content to ensure compliance with applicable laws and regulations, and internal policies

What you’ll need:

• Bachelor’s degree and 7+ years experience in banking or regulated financial services 
• Excellent ability to understand and apply financial, legal and regulatory requirements
• Ability to interface effectively with all levels of management and partners within many internal departments
• Excellent oral and written communication skills
• Ability to research, analyze and interpret rules, regulations and policies
• Strong understanding of and experience with Google Suite Products 
• Ability to work under pressure, manage multiple tasks and competing priorities, meet deadlines and adapt to change, comfortable dealing with ambiguity and uncertainty
• Working knowledge of federal regulations such as ECOA, UDAAP, Reg DD, Reg E, Reg II, E-Sign Act, KYC and KYB, GLBA/GDPR privacy regs, prepaid card rules, PCI, and NACHA
• Experience managing program changes and running small projects
• Some travel required

Nice to have:

• Bachelor’s degree in business management or finance
• Experience in marketing, policy, and testing review
• CRCM certification
• Experience in compliance monitoring, oversight, or assurance programs
• Advanced skills with Google Suite
• Working knowledge of of Tableau, Confluence and Jira
• Understanding of federal and state laws and regulations related to banks and fintechs
• Experience working with regulatory agencies, third party auditors, and internal testing teams
• Strong presentation skills
• Fluency in Spanish

Compensation and Benefits The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.    To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi