Director, GPB/Commercial Payment Services AML Officer

Employee Applicant Privacy Notice

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:

The Golden Pacific Bank, a division of SoFi Bank, N.A. (“GPB”)/CPS AML Officer will be responsible for the oversight of the GPB AML program and supporting the ongoing establishment of the Commercial Payment Services (“CPS”) AML program.

 

What you’ll do:

GPB:

• Provide direct oversight and support of GPB’s AML and sanctions program

• Support GPB’s risk assessments, development of policies and procedures, training for GBP first line operational functions, internal audit/ external examinations, and Compliance/ Business Controls/RCSA testing. 

• Provide strategic guidance to senior leadership teams on how to continually increase the effectiveness of GPB’s BSA/AML and sanctions controls.

• Serve as a key stakeholder for a transaction monitoring system integration

• Lead the continued integration of GPB into SoFi Bank’s systems, processes and controls

 

Commercial Payment Services (“CPS”):

• Administer all aspects of SoFi Bank’s CPS AML and sanctions program and manage its adherence to BSA/AML and sanctions regulations.

• Partner with SoFi Bank’s Head of CPS and program managers to implement requirements and establish requisite controls for each CPS Fintech customer based on products/services offered, customers, geographical footprint.

• Provide AML/sanctions risk assessments for new products, programs, services, business lines, and program managers and communicate those findings to senior leadership.

• Partner with SoFi’s Head of KYC to support the Customer Identification Program (“CIP”), Customer Due Diligence (“CDD”) and Enhanced Due Diligence (“EDD”) and Customer Risk Rating (“CRR”) for CPS customers including developing risk-based policies, procedures, and controls to comply with BSA requirements. 

• Analyzing 3rd-party KYC/KYB tools that may be used by program managers to ensure such systems align to  SoFi Bank’s requirements and enable SoFi Bank to form a reasonable belief that it knows the true identity of each customer.

• Partner with Head of AML Analytics to develop comprehensive transaction monitoring applicable for the CPS business.

• Support the AML Department by assisting in the oversight and coordination of the resolution of issues, gaps, and risks associated with the risk assessment, Internal Audit, and Compliance Testing.

• Advise CPS leadership on applicable regulatory requirements for commercial payment services to ensure testing is adequately designed to identify potential control gaps and non-compliance with laws and regulations.

• Coordinating and developing AML/Compliance presentations for an executive level audience.

 

What you’ll need:

• Bachelor’s Degree from a four-year college or university in a related field.

• 8-10+ years of experience in AML with a focus on retail banking and recent experience developing CPS AML controls/processes or AML third-party risk management controls.

• Comprehensive understanding of CPS 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 in both retail banking and CPS. 

 

Specific Skills in:

• Administering anti-money laundering policies and procedures.

• Excellent organizational, verbal, written and interpersonal skills are required.

• Must be able to multitask, adapt well to chan