Enterprise Risk Strategy & Controls Director

Risk
Lewisville, Texas

Description

Who we are

SoFi is a digital personal finance company whose mission is to help its members achieve financial independence to realize their ambitions, whether that be to buy a house one day, start a family on their own terms or be debt free. We aim to be at the center of our members’ financial lives, and to help every member Get Their Money Right®. By joining SoFi, you’ll become part of a forward-thinking company that is transforming financial services by embracing technology to build innovative loan products, investment tools, and more. One of the fastest growing fintech companies, we’ve grown from 250 employees in 2015 to over 1,500 employees today, and are well on our way to reaching 1 million members. With offices across the US, we offer the excitement of a rapidly growing startup with the stability of a seasoned management team and some of the best talent around. As an employer, we strive to hire employees who are committed to both our company’s mission and our desire to build the best culture in the world. If you are driven, passionate about what you do, and excited about the SoFi mission, we would love to hear from you.

The role

SoFi's Risk Management team has responsibility for ensuring growth in lending 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.

The Enterprise Risk Strategy & Controls Director will have responsibility for partnering with Business Units (Personal Lending, Home Loans, Invest, Money, Protect, Member, Student Lending), Capital Markets, Finance, Operations, Information Security, Privacy, Legal, Compliance, Internal Audit and the other Risk Management teams to drive second line of defense oversight of all risk strategies across our principal risk domains.

Key oversight domains include:

  • Enterprise Risk Policies and Procedures

  • Enterprise Risk Management Committee

  • Regulatory Assurance and Audit Engagement

  • Risk Control Assessment (ARCM/Activities, Risks, Controls, Monitoring)

  • Risk Appetite Statements execution

  • Lending Authority Delegation and Accreditation

  • Risk Control Reports

  • Enterprise Risk Trainings

In addition, this role is responsible for the design and implementation of Corporate Risk Management's (CRM) monitoring of and reporting on performance for the SoFi Corporate, subsidiary, and affiliates. This leader will develop and execute a risk-based annual Risk Control Assessment testing plan; including, documenting and communication results, and escalating issues as necessary. Position will be the primary contact point for review and challenge of Business Unit (BU) and first line of defense related activities as an authority for company’s credit performance, potential or emerging risks, and business conformity with risk appetite, credit culture and policies.

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.


 

What you’ll do:

  • Challenge Status Quo... establish a comprehensive Enterprise Risk Management framework that delivers on industry best practices, drives meaningful strategic insight, and provides a path from good-to-great for competency gaps.

  • Effective Challenge... oversee the development of corporate second line function that fuses oversight, strategy, and effective challenge to ensure policies, processes, and risk appetite framework is being adhered to by end users.

  • Data Driven... architect the future of risk management with analytically based assessment capabilities; applying quantitative and qualitative analytical techniques to detect problems and improve reporting capabilities.

  • Control the Risk... Develop and oversee a corporate risk-based annual Risk Control Assessment (RCA) testing plan evaluating policy, process, and infrastructure controls; including, documenting and communicating results, and escalating issues as necessary to Enterprise Risk Committee

  • Drive Performance Outcomes... deliver industry best practices, tools, guidance, and training to increase analytical capabilities and risk-based results. 

  • Be a Risk SME... Serve as a subject matter expert for advanced monitoring framework and KRI/Key Risk Indicator performance outcomes across the business. Determine ERM infrastructure needed to monitor, measure, and proactively manage risk.

  • Innovate and iterate... we need you to bring your brightest ideas to keep a strong second line of defense. This means managing Enterprise Risk functions that controls risk by iterating with multiple areas at SoFi.

  • 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.


 

What you’ll need:

  • 12+ years of relevant enterprise risk management, risk analytics, consumer lending, and/or underwriting strategy work experience.

  • Preferred: Advanced degree in an analytical discipline

  • Strongly preferred: Extensive work in risk banking controls within regulated bank entities, registered broker dealer and/or financial services companies.

Why you’ll love working here

  • Competitive salary packages and bonuses

  • Comprehensive medical, dental, vision and life insurance benefits

  • Generous vacation and holidays

  • Paid parental leave for eligible employees

  • 401(k) and education on retirement planning

  • Tuition reimbursement on approved programs

  • Monthly contribution up to $200 to help you pay off your student loans

  • Great health & well-being benefits including: telehealth parental support, subsidized gym program

  • Employer paid lunch program (except for remote employees)

  • Fully stocked kitchen (snacks and drinks)

​ 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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