Senior Risk Appetite Manager

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.

Senior Manager, Risk Management - Risk Appetite will have responsibility for partnering with SoFi Business Units (Personal Lending, Home Loans, Invest, Money, Protect, Member, Student Lending), Capital Markets, Finance, Operations, Information Security, Privacy, Legal, Compliance and the other Risk Management teams to lead intra and inter department relationships and be responsible for delivering a comprehensive Risk Framework for the company and for developing methodologies to establish Risk Appetite and consequently the RAS/Risk Appetite Statements with respect to firm-wide strategic objectives.

Key oversight domains and tasks include:

  • Collect business strategy and business objectives

  • Partner with finance to ensure KPIs and performance targets are established based on expected performance

  • Identify risks that can drive variability in performance

  • Establish KRIs and risk tolerances for critical risks

  • Build monitoring systems

  • Develop, approve and monitor Risk Appetite Statements

In addition, this role is responsible for the determination of the types and levels of risk to which SoFi is willing to be exposed in order to achieve the company's financial objective, providing monitoring, reporting and effective controls for SoFi executives, including CRO, Internal Audit and the Enterprise Risk Committee.

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:

  • Innovate... we need you to bring your brightest ideas to build and administer full cycle for Risk Appetite Framework and Risk Appetite Statements, and incorporate best practices and innovative solutions.

  • Data Driven… architect robust management monitoring reports and analytically based assessment risk limits and tolerances aligned with business strategy. 

  • Challenge Status Quo… build-out comprehensive policies and standards for SoFi's appetite for risk that delivers on industry best practices, drives meaningful strategic insight, and provides a path from good-to-great for competency gaps. In addition, continuously incorporate Risk Appetite culture to existing company's environment.

  • Effective Challenge… oversee the performance of corporate risk appetite statements, delivering work streams forward and ensuring that task owners deliver on their items.

  • Optimize… Make adjustments as needed to optimize the company's profitability. Work with stakeholders to adjust models used within risk as part of a continuous improvement process. 

  • Risk Controllership... Independently review and challenge the KPIs, KRIs and other existing risk limits and tolerances, being able to explain their linkage to capital, earnings, limit setting, business strategy and the risk appetite process. 

  • Be a Risk SME… Serve as a subject matter expert for advanced measurement tools, implementing risk appetite practices and assisting in the training and ongoing education of team members.

  • Drive Performance Outcomes... Design effective domain risk controls that ensure risks are proactively identified, actively managed, clearly quantified, and volatility risk measured. Prepare high quality presentation for diverse audience from company's executives to key support department.

  • Build the Bench... Be the inspiration for our rapidly growing team, promoting best practices. Share your broad experience across the organization.

What you’ll need:

  • 10+ years of relevant experience in Risk Appetite measurements frameworks, including Strategic, Financial, Operational, Legal/Compliance and Reputational risks, and risk analytics.

  • Preferred: Advanced degree in an analytical discipline

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)

‚Äč 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.