Senior Director, Risk Management – Deposit Products

Risk Dallas, Texas


About the Role
SoFi's Risk Management team has responsibility for ensuring growth in lending, deposit products, 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.

Senior Director, Risk Management - Deposit Products will have responsibility for partnering with the Business Unit, Capital Markets, Finance, Operations, Legal and Compliance teams to implement value added risk strategies across Deposit Products. This is an incredible opportunity to lead risk for the SoFi Money product which is experiencing tremendous growth!

This role will be responsible for leading all aspects of our Risk Management capability for Deposit Products, including overseeing account origination strategies, risk-based account functionality enablement, funds availability, transaction monitoring, and charge-back/dispute resolution strategy. Additionally, this position will be the primary contact point for review and challenge of Business Unit (BU) deposit related activities.

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.


  • Innovate... we need you to bring your brightest ideas to building deposit products origination strategies from the ground up. This means architecting multi-layered risk, identity verification, and KYC/Know Your Customer authentication controls - including building a strong data enrichment eco-system befitting a mobile first experience.
  • Data Driven... architect the future of deposit products within a member-centric, multi-product, real-time data ecosystem - including internal, transactional, bureau, third-party, and alternative data to optimally classify applicant risk. Ensure a complete data eco-system exists with Engineering, Product, and Operational teams.
  • Challenge Status Quo... build-out a comprehensive risk experimentation plan for the deposit products portfolio across all product dimensions, channels, and partner segments.
  • Build the Future... oversee the development of new advanced data science tools used to assess applicant, funds availability, transaction, charge-back, overdraft, and counterparty risk.
  • Control the Risk... Develop and execute a risk-based annual Risk Control Assessment (RCA) testing plan evaluating policy, process, and infrastructure controls; including, documenting and communication results, and escalating issues as necessary
  • Drive Performance Outcomes... Manage the deposit performance/outcomes associated KRI/Key Risk Indicators. Build appropriate instrumentation, performance metric monitoring, and ownership of corrective action plans.
  • Risk Controllership... Review and challenge material estimates and/or the processes that provide estimates used in overdraft/deposit loss forecasting.
  • Be a Risk SME... Serve as a subject matter expert for the Deposit Products business and our partner community.
  • Compliance Culture is Job #1... You should be an expert on various regulations that impact Deposit Accounts - including Expedited Funds Availability Act/Reg CC, Truth in Savings Act (TISA), Regulation DD, Electronic Fund Transfer Act (EFTA), Regulation D, Regulation E, 12 C.F.R. Part 205, et al. Experience with CMA/Cash Management Accounts maintained in a Registered Broker Dealer.
  • Build the Bench... Be the inspiration for our rapidly growing team, recruiting the best, brightest, and passionately quantitative. Share your broad experience across the organization and build the leaders of tomorrow.


  • 10-15 years of relevant risk management, risk analytics, consumer deposit products, and/or transactional risk products strategy work experience.
  • Preferred: Advanced degree in an analytical discipline


  • Catered lunches, a fully stocked kitchen, and subsidized gym membership.
  • Competitive salary packages and bonuses.
  • A flexible vacation policy allows you to truly relax and reboot.
  • Comprehensive health, vision, dental, and life insurance as well as disability benefits.
  • 401(k) and education on retirement planning.
  • Tuition reimbursement on approved programs, up to $5,250 a year.
  • Monthly contribution to help you pay off your student loans.