Business Controls Manager

The role

SoFi's Business Controls team resides within the 1st Line of Defense (1LOD). This individual will facilitate and drive consistent implementation / execution of core 2nd Line of Defense (2LOD) Risk Management programs such as RCSA, Issue Management and Member Remediation, Supplier Risk Management (SRM), and Control Testing.

This position plays a crucial role in supporting 1LOD Operations and Risk Management organization. It involves collaborating with risk owners to identify and develop effective controls, assisting issue owners in enhancing controls, supporting Supplier Relationship Owners (SROs) in meeting SRM program requirements, and contributing to control testing engagement for control owners.

This position requires an independent worker who is able to provide support to maintain a strong and consistent control environment across Operations and Risk Management.

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 :

Partner with stakeholders to conduct walkthroughs and create process maps for critical processes, facilitating in risk and control identification and ensure the environment is operating safely and in control

Collaborating with risk owners to to identify and develop robust controls, providing guidance throughout the process

Update and validate accuracy of risk-related data stored in RCSA inventory

Issue Management : Assist issue owners in the design or enhancement of controls to address root causes in identified issues

Supplier Risk Management (SRM) : Support Supplier Relationship Owners (SROs) to ensure compliance with SRM program requirements

Coordinate with stakeholders on new initiatives to integrate relevant controls as part of implementation process

Maintain strong engagement with 2LOD to ensure Operations and 1LOD Risk adheres to standards, policies, and procedures

Provide support to the stakeholders during oversight activities performed by 2LOD

Collaborate with the 1LOD Business Controls testing team to ensure testing scope comprehensive for identifying and mitigating risks effectively

Undertake ad-hoc duties as needed to support the Operations and 1LOD Risk department

What you’ll need : Bachelor’s degree

Bachelor’s degree

Experience in banking and / or fintech industry

5+ years of relevant experience in the identification, analysis and documentation of risks and controls (e.g., risk assessments, maintenance of risk and control inventories, etc.)

Working experience understanding, documenting and mapping complex processes

Working experience in identifying, advising and challenging unmitigated risks and respective control points

Working experience of banking products, processes and regulations

Able to synthesize diverse processes and data and formulate appropriate conclusions

An understanding of controls and how to apply them to different processes and functions

Demonstrate an ability to balance multiple critical priorities

Self-starter with strong ability to work independently with minimum oversight

Fluent in Excel and PowerPoint, comfortable with analyzing documented procedures and process flows in Google suite, MS Office apps, etc.

Inquisitive nature, attention to detail, diligence and a good attitude

Strong interpersonal, verbal, and written communication skills; demonstrated experience in writing risks and controls,

Results oriented, demonstrated achievement of exceeding expectations

Inquisitive nature, attention to detail, diligence and a good attitude

Strategic thinker who can partner with process owners to drive process improvements

Well-organized and demonstrates ability to balance multiple priorities

Prior experience in interacting positively with management and colleagues effectively via telephone (Zoom)

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 : $115,200.00 - $216,000.00

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.