What are the responsibilities and job description for the Deputy BSA / AML Officer position at SoFi?

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!

Pay range : $182,400.00 - $313,500.00

Payment frequency : Annual

This role is also eligible for a bonus, long term incentives and competitive benefits. More information about our employee benefits can be found in the link above.

Salary : $182,400 - $313,500

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Deputy BSA / AML Officer

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