Senior Manager, Enterprise Third Party Risk Governance, Policy and Reporting

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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

SoFi's Risk Management team has responsibility for ensuring growth in lending and other member related activities are consistent with the company's risk appetite. The team holistically manages enterprise, credit, deposit products, fraud prevention, portfolio management, infrastructure, and business operating risks. In addition, Risk Management directly manages enterprise partners, ensures strong compliance with regulations, acts as a multi-layered second line of defense in oversight of business operations, and works to ensure risk policies enable a member-first experience.

The role of Senior Manager, Enterprise Third Party Risk Governance- Policy and Reporting will lead the team responsible for driving project based initiatives to evolve SoFi’s Third Party  Risk second line governance function, third party management system administration, and developing data insights and reporting of the health of SoFi’s third Party Ecosystem. 

Key oversight domains include:

• Evaluate Supplier Risk Management’s policies and oversight processes to ensure cross functional synergies are optimized, roadblocks reduced and control automation opportunities are enhanced
• Ensure Third Party Risk Management principles are incorporated into cross functional management activities in alignment with Program requirements and third party lifecycle phases.
• Create data-driven strategies to support control design, Policy and system evolution
• Manage Data Analysis projects aimed at communicating stakeholder insights and Program efficacy
• Administration over key third party management systems and key point of contact for integration initiatives
• Provide effective communication, clarity and creative solutioning in ambiguity

By joining SoFi, you'll become part of a forward-thinking company that is transforming financial services for the better. We offer the excitement of a rapidly growing startup with the stability of an industry leading leadership team.

 

What you’ll do:

• Innovate... Bring your brightest ideas to challenge the status quo and promote operational efficacy in consideration of  outsourced risk oversight guidance throughout third party life cycle (planning, due diligence, contract, on-going monitoring, and termination)
• Leave your Mark… Identify and lead implementation of supplier lifecycle process enhancements, drive operational synergies and system automation initiatives
• Provide Effective Challenge… Partner with cross-functional stakeholders including Procurement, Legal, Finance and CyberSecurity to ensure policy, process, control and executional alignment
• Collaborate… Build effective relationships with stakeholders who own and support key third party relationships;  gain commitment from stakeholders to help manage and improve SoFi’s risk posture by understanding business objectives to influence solution strategies
• Be a Risk SME… Work in a self-directed, collaborative, and constructive manner with business units and our internal and external stakeholders to enhance the effectiveness of  processes and controls
• Drive Performance Outcomes... Use Data insights to improve overall Supplier oversight process

What you’ll need:

• Bachelor’s degree
• Minimum of twelve years of second line third party risk management experience in the financial services industry
• Comprehensive knowledge of Third Party Risk Management methodologies, risk mitigation principles and regulatory expectations related to the financial services industry
• Knowledge of and experience in implementing and managing use of third party management/ Governance, Risk and Compliance (GRC) platforms.
• Ability to provide consult, insight and guidance in consideration of business strategy and organizational acumen

Compensation and Benefits The base pay range for this role is lis