Senior Manager, Compliance Risk Assessment
SoFi
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The role:
The Sr. Mgr, Compliance Risk Assessment reports to the Director of Compliance Risk Assessment and is responsible for supporting the day-to-day execution of the Compliance Risk Assessment (CRA) Program. This includes managing templates and data inputs, overseeing the execution of the CRA, and drafting policies, procedures, results and management reporting of the CRA. This role will also lead the Compliance RCSA process.
What you'll do:
Develop and lead the execution of project plans to ensure timely completion of the CRA
Perform quality assurance reviews on compliance controls to ensure each control meets the requirements of the minimum control standards
Manage the process to ensure connectivity of the risk assessment program to independent compliance testing and the enterprise RCSA program
Lead training efforts for the first line of defense and Compliance Advisors with respect to identifying and documenting controls that can be mapped to compliance risk
Lead the execution of the CRA for the assigned business coverage area and escalate any issues in a timely manner
Perform quality assurance reviews of the CRA for the assigned business coverage area, including providing credible challenge to risk ratings and rationales for assessment units
Lead meetings with relevant stakeholders in the First and Second Lines of Defense to understand products, services, and clients and how it impacts related risks and controls
Ensure key risks and business lines are mapped to relevant rules and regulations
Work with various stakeholders across the First and Second Lines of Defense to create management action plans to address control gaps that were identified during the CRA process
What you'll need:
Bachelor’s degree required
Minimum of 12 years of relevant experience in consumer compliance or as a federal regulator
Professional certification such as Certified Regulatory Compliance Manager (CRCM) is preferred
Management/Leadership experience related to compliance processes and activities common to mid to large banking organizations.
Management/leadership in audit and regulatory exams
Technical/Functional Competencies:
Ability to build effective relationships with a proven record of building trust and credibility through strong interpersonal skills, communications, and actions
Ability to negotiate effectively using diplomacy and tact to resolve difficult issues while maintaining a high degree of professionalism.
Strong influence skills working both internally and externally at senior and executive levels
Ability to write accurate reports and documents, and sort and interpret data
Holds self to a high level of quality
Must be self-motivated and enthusiastic to obtain personal and company goals
Dedication to integrity, producing high quality results, and meeting deadlines
Excellent leadership skills demonstrated by ownership of issues through their resolution while providing sound guidance to others
Outstanding communication skills, both oral and written, and the ability to communicate clearly with constituents at all levels of the organization, including playing the role of an effective challenger
Demonstrated decision-making capability under stressful situations while dealing with complex issues involving competing interests
Ability to understand and communicate complex regulations in a digestible way
Strong organizational skills
Demonstrated ability to research and interpret data from various sources
