Principal AML Advisor

at SoFi

United States

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:

The Principal Anti-Money Laundering Advisory will provide services to the entire SoFi enterprise, including SoFi Bank, N.A., SoFi Securities, LLC, and the technology platform. Your role will be to support the business in its efforts to identify and mitigate risks related to money laundering, terrorist financing, as well as to improve its ability to meet regulatory requirements, expectations, and guidance in support of developing and maintaining sound AML and sanctions programs and controls.

What you’ll do:

Act as AML subject matter expert for the SoFi Enterprise, advising Compliance, product managers, engineers, and SoFi’s business units.
Lead AML/sanctions compliance advisory through the end-to-end KYC customer lifecycle, including CIP verification, CDD and EDD controls
Continuously engage with leaders in the AML department and across SoFi’s cross-functional leadership to identify changes impacting AML-related processes and prepare guidance as applicable.
Support the AML Governance team with the annual AML risk assessment and identify strategies to implement effective strategies to mitigate risks identified.
Provide proactive guidance to reduce exposure to financial crime.
Support with the development and review of AML policies, procedures, and controls for the SoFi Enterprise, ensuring that they align with both regulatory requirements and business objectives. Ensure policies are properly implemented throughout the product lifecycle.
Partner closely with compliance, business, and engineering teams to identify, assess, and advise on AML issues and controls.
Stay informed of the latest developments in AML regulations, industry trends, and best practices. Recommend product updates, policies, and processes to enhance compliance and reduce financial crime risks.
Assist in regulatory exams, internal audits, and third-party risk management reviews.

What you’ll need:

Bachelor’s Degree from a four-year college or university in a related field.
10-15+ years of experience in AML with a focus on retail banking and recent experience developing Commercial Payment Services (“CPS”) / Banking as a Service (“BaaS”) AML controls/processes or AML third-party risk management controls.
Comprehensive understanding of CPS/BaaS products including payments processing, card issuance, credit and lending and other traditional retail banking services.
Demonstrated ability to communicate effectively with all levels of the organization and across different business lines.
Demonstrate strong leadership and management skills that build solid working relationships within the organization.
Excellent working knowledge of BSA/AML laws and regulations in both retail banking, and commercial payments.
Experience in providing anti-money laundering guidance/advice to Compliance, Business and Engineering leaders.
Excellent organizational, verbal, written and interpersonal skills are required.
Must be able to multitask, adapt well to changing priorities, and effectively prioritize responsibilities to meet critical deadlines.
Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure.
Excellent analytical skills required.
Ability to work collaboratively and independently while managing projects and assignments.

Nice to have:

CAMS/CFE certification

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!

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.

The Company hires the best qualified candidate for the job, without regard to protected characteristics.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

New York applicants: Notice of Employee Rights

SoFi is committed to an inclusive culture. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email accommodations@sofi.com.

Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.

Internal Employees

If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.