Senior Manager, CRA Finance

at SoFi

Cottonwood Heights - UT

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:

We are looking for a results-driven, detail-oriented advisor with prior experience with the Community Reinvestment Act (CRA) regulation. This is a great opportunity to take the lead in developing new processes and enhancing current processes while collaborating with internal partners to strive for “Outstanding” performance.

What you’ll do:

Build out the Community Development (“CD”) Finance program for the Bank, and ensure that annual measurable goals related to CD Finance (CD Lending & CD Investments) are fulfilled while ensuring a high level of data integrity

- Collaborate with line of business partners - inclusive of accounting, finance, risk and legal - to create and maintain a successful CD Finance program
- Create procedures, documentation standards and develop risk methodologies
- Lead the CRA Finance Sub-Committee
- Meet with potential investors to pre-screen potential opportunities while tracking an investments pipeline of deals that meet standard criteria
- Manage the funded CD investments portfolio

CRA Program Support

- Utilize CRA Expertise to support implementation of the CRA Final Rule with the likelihood of leading the implementation efforts of one or more complex processes
- Lead/coordinate volunteer events
- Partner with CRA Team to tell our CRA Story in a meaningful way for maximum impact
- Respond to Public File requests and CRA related complaints
- Create and/or present CRA materials for employees
- Review/audit CD Services, CD Contributions, Personal Loans and Small Business Loans

What you’ll need:

8+ years of Community Reinvestment Act experience, including program management and experience with CD Investments
Proven track record of facilitating organization-wide data collection and review with multiple senior level stakeholders
Comfort with working in a remote environment, the ambiguity of changing priorities and the flexibility to embrace new ideas within a fast paced environment
High-level of initiative to push for excellence, results, and process improvement while maintaining a high level of data integrity
Excellent oral, written and interpersonal communication skills
Ability to analyze and interpret rules, regulations and policies
Known for being detail-oriented with a demonstrated ability to self-motivate
Teamwork makes the dreamwork mentality
Must be willing to travel up to 15% of the time

Nice to have:

Located within Salt Lake City, Utah region
Experience working with the Office of Comptroller of Currency (OCC)
Possess a growth mindset (to problem solve and innovate)
Experience with leading volunteer events
Product owner/product development experience

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.