Senior Fair Lending and Responsible Banking Manager

Who we are :

Shape a brighter financial future with us.

Together with our members, we’re changing the way people think about and interact with personal finance.

We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals.

The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way.

Join us to invest in yourself, your career, and the financial world.

The Role :

Works closely with the Director of Fair Lending and Responsible Banking (FLRB) to support SoFi’s second line FLRB program.

Engages in enterprise-wide consulting on matters relating to Fair Lending and UDAAP Compliance and works with the Director of FLRB to complete the annual FLRB Risk Assessment.

Participates in regulatory examinations and partners with the FLRB analytics team to execute the FLRB testing and monitoring plan.

What you’ll do :

• Act as a liaison and subject expert to Compliance, Legal, Risk, and lines of business personnel in the development and revision of lending policies and procedure manuals as they relate to FLRB.
• Execute relevant practices and governance to support the FLRB program, include FLRB standards for new product approvals, material product changes, and model and strategy reviews.
• Coordinate with first and second lines of defense in the development of procedures to ensure that fair lending compliance-related policies and procedures are being followed and updated as required.
• Participate in regulatory and third line FLRB examinations as required.Support the analytical staff related to compliance with fair lending, including required remediation and suggested improvements.
• Participate in meetings with enterprise lending / banking departments for review and consultation on new and existing products, systems, and procedures.
• Develop and review FLRB training materials.
• Assist with the review of various models throughout the organization for potential FLRB concerns.
• Identify, escalate, and act upon significant risks / themes identified through the course of monitoring.
• Oversee and / or execute special projects as assigned.

What you’ll need :

• A minimum of 7 years of focused FLRB experience at large financial institutions.
• In-depth FLRB experience across multiple lending and non-lending products.
• Substantial broad-based knowledge and experience in applying FLRB laws and regulations.
• Ability to support implementation of regulatory requirements with assigned lines of business.
• Excellent verbal and written communication skills including testing and monitoring reports and exam and audit responses.
• Strong analytical skills.
• CRMC designation is a plus.

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 : $124,800.00 - $214,500.00

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.