Deputy BSA/AML Officer

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Who we are:

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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

The Deputy BSA/AML Officer will partner with the Chief BSA/AML and Sanctions Officer in the development, implementation, and administration of all aspects of the Bank Secrecy Act and Anti-Money Laundering (“BSA/AML”) Programs. This individual will manage a team within the BSA/AML department, ensuring proper coverage and leadership across all critical areas, while remaining fully knowledgeable and skilled in all operational aspects of the department. The Deputy will manage governance and risk assessment functions, lead the preparation and response to regulatory exams, and serve as a trusted leader to the Chief BSA/AML and Sanctions Officer driving the firm’s strategic AML compliance initiatives.

What you’ll do:

• Assist with the development and maintenance of the enterprise AML program to ensure ongoing compliance with BSA/AML and OFAC regulations.
• Assist in managing the BSA program to ensure that all department monitoring, investigation, data validation, reporting, and recordkeeping functions are performed.
• Assist with the risk assessment for BSA/AML & Sanctions on an annual basis.
• Assist with updating the BSA/AML & Sanctions policies, procedures, and related forms.
• Serve as a senior advisor to the Chief BSA/AML and Sanctions Officer, providing updates and recommendations on emerging risks and compliance issues.
• Lead the preparation for and response to regulatory exams, audits, and inspections, coordinating with regulators and assisting with managing communication during the process.
• Develop and track action plans in response to examination findings and ensure timely resolution of any deficiencies.
• Develop and maintain risk-based methodologies to identify, assess, and prioritize risk factors related to money laundering, terrorist financing, and sanctions violations.
• Collaborate with local compliance teams in different jurisdictions to ensure consistent implementation of global AML and sanctions policies.
• Conduct periodic reviews of international AML operations, ensuring they are effective in managing emerging risks, evolving regulations, and potential compliance gaps.
• Oversee the integration of policies, procedures, and controls across various subsidiaries, ensuring consistency and alignment with the global strategy.
• Work closely with the broader compliance team to ensure the business is well-educated about ongoing regulatory changes and best practices to comply with regulatory requirements.
• Evaluating sufficiency of and adherence to the Company’s policies and procedures and compliance with applicable laws and regulations and ensuring that affected departments have taken corrective action, as applicable
  
  
  

What you’ll need:

• Bachelor’s Degree from a four-year college or university in a related field.
• 12 years of experience in AML and Fraud Compliance Investigations, with a minimum of 5 years of direct management experience.
• 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 relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity.
• Ability to communicate respectfully and assertively.
• Ability to multi-task and prioritize multiple projects with competing deadlines.
• Strong leadership skills, including experience in managing, developing, and coaching team members, while promoting collaborative teamwork and a spirit of continuous improvement.
  
  
  

Specific Skills in:

• Administering anti-money laundering policies and procedures.
• Excellent organizational, verbal, written, and interpersonal skills are required.
• Must multitask, adapt well to changing priorities, and effectively prioritize responsibilities to meet critical deadlines.
• Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure.
• Excellent analytical skills are required.
• Ability to work collaboratively and independently while managing projects and assignments.
• Strategic thinker with the ability to manage multiple complex tasks in a dynamic environment.
• High level of integrity and ethical standards.
• Collaborative and results-oriented leadership style.
• Ability to influence and drive change in a highly regulated environment.
• Strong attention to detail, with the ability to see the larger picture.
  
  
  

Nice to have:

• CAMS/CFE certification preferred (or willingness to become certified within one year of start date).
  
  
  

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.

The Company hires the best qualified candidate for the job, without regard to protected characteristics.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

New York applicants: Notice of Employee Rights

SoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email accommodations@sofi.com.

Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.

Internal Employees

If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.