AML Testing Compliance Specialist

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The role:

The Independent Compliance Testing (“ICT”) Program performs a key second line of defense role, to help ensure regulatory requirements are met across the application lines of business at SoFi. 

The AML Testing Compliance Specialist in ICT will be responsible for executing risk based compliance transaction, control, and outcomes-based testing under the leadership of the AML Testing Compliance Director, to support independent monitoring and testing of Bank Secrecy Act/Anti-Money Laundering (“BSA/AML”) and sanctions-related risks and associated controls across SoFi enterprise, including SoFi Bank, N.A.  The candidate should have deep functional knowledge of applicable US banking laws and regulations with specific emphasis on BSA/AML and sanctions laws and regulations. 

What you’ll do:

• Execute BSA/AML and sanctions related testing in adherence to program methodology and procedures

• Ensure all tasks and reporting are completed within established timeframes, in accordance with the program’s test plan

• Analyze data from multiple sources and systematically document the work and results

• Prepare cohesive work papers for each engagement in accordance with the Compliance Department standards

• Identify and classify any test findings properly; manage and track those findings to ensure the business owner remediates the issue; and perform validation and sustainability review/ test to confirm that the finding has been fully addressed 

• Assist in the registration and tracking of identified issues and corrective action plans to validate remediation efforts

• Engage and build relationships with various stakeholders including Business Leaders, Risk and Compliance Professionals, and Internal Audit team members

What you’ll need: 

• Bachelor’s degree

• At least 6-10 years of compliance testing or auditing experience, specifically within financial services or a regulated banking institution

• Strong working knowledge of US banking laws and regulations with emphasis on BSA/AML and sanctions laws regulations

• Confidence in verbal and written communication skills required; must be able to communicate with all levels of the organization with tact and diplomacy

• Exceptional organizational skills and the ability to work and deliver projects and achieve targets independently, proactively, and under pressure with impeccable attention to detail

• Ability to work independently and a strong sense of ownership (Methodical, self-starter, hands-on, willingness get into the details) 

• Excellent communication skills

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 page!

SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.

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