The role:
The Deposits Compliance Specialist will provide second-line independent oversight and guidance regarding SoFi's consumer and commercial deposit products, services, and processes. Working through our compliance framework, this role is responsible for ensuring that deposit processes are executed in accordance with regulatory requirements. In partnership with the Deposits Compliance Officer, the Specialist will continuously provide insight into the overall risk profile of the business, independent challenge and suggestions for improvements.

What you'll do:

• Ensuring that policies, procedures and processes are compliant, appropriate, competitive, well-controlled, and consistent with Management's risk appetite and strategy
• Assisting the Deposits Compliance Officer with risk assessments, third party oversight, policy and procedure reviews (aligned with corporate standards), issue management and documentation of controls
• Monitoring business activities to identify regulatory risks to which the organization is exposed and work with the business and other support functions to implement measures to prevent, eliminate, or mitigate those risks
• Validating completion of compliance issues to ensure full remediation of control gaps, consumer harm and process improvements via testing of both design and control effectiveness, as applicable
• Leading or participating in projects designed to address regulatory compliance requirements
• Provide specialist knowledge and advice to business teams on Compliance matters to ensure a culture of compliance and partnership
• Assist in the preparation of examination responses conducted by various regulatory agencies
• Responsible for the review of complaints to identify regulatory exceptions, trends and process or disclosure improvements
• Review of complaints to determine regulatory impact and customer remediation
• Guide the Money business as they seek to launch new initiatives, products and services
• Ensures that all tasks are carried out with a high degree of professionalism and ethics
• Other duties as assigned to support the consumer compliance program

What you'll need:

• BA/BS Degree or equivalent combination of education and experience required.
• 5+ years' experience working in compliance, audit or other governance functions with a deep knowledge of risk and controls and deposit/banking regulations, specifically Regulation E, Reg CC and Reg DD.
• Experience with payment systems (i.e. ACH/NACHA Rules, wires, debit cards, Zelle) a plus
• Experience with Commercial Checking and Savings accounts and UDAAP is a plus
• Ideal candidates for this position will be experienced in reviewing disclosure/compliance documents
• Process management and improvement experience, as well as, issue management experience required
• Ability to interact with upper levels of management and multitask in a fast-paced environment
• Excellent analytical, technical and problem solving skills, with strong attention to detail
• An open-mind and ability to partner with the business to implement business initiatives while remaining compliant and within the SoFi risk appetite
• High ethical standards; ability to maintain confidentiality
• Exceptional verbal and written communication, organization, collaboration, and time management skills