Full-Time

Head of 1LOD Client Due Diligence

Confirmed live in the last 24 hours

SoFi

SoFi

1,001-5,000 employees

Offers diverse personal finance solutions

Fintech
Financial Services

Senior, Expert

Company Historically Provides H1B Sponsorship

San Francisco, CA, USA

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Risk Management

You match the following SoFi's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Bachelor's degree in Business Administration, Finance, Law, or a related field; advanced degree (e.g., MBA, JD) preferred.
  • Minimum of 7+ years of experience in financial services, with a focus on commercial client due diligence, risk management, or compliance.
  • Minimum of 3+ years of experience in a managerial or leadership role.
  • Proven experience managing a team performing first line defenses.
  • Strong understanding of US and global regulatory requirements related to BSA/AML, KYC, and other relevant financial crime regulations.
  • Experience working with commercial clients, including nanobanks, payment processors, or other financial institutions.
  • Deep understanding of commercial client risk factors, including those associated with global businesses and complex ownership structures.
  • Proficiency in conducting KYB, negative news screening, and risk assessments.
  • Experience with due diligence tools and technologies (e.g., LexisNexis, World-Check, etc.).
  • Excellent analytical, problem-solving, and decision-making skills.
  • Strong communication, interpersonal, and presentation skills.
  • Ability to work independently and as part of a team in a fast-paced, dynamic environment.
Responsibilities
  • Build, lead, mentor, and develop a high-performing team.
  • Establish and maintain a strong team culture focused on accuracy, efficiency, and continuous improvement.
  • Develop and implement training programs to enhance the team's knowledge and skills.
  • Set clear performance goals and conduct regular performance reviews.
  • Manage workflow and resource allocation to ensure timely and efficient completion of due diligence tasks.
  • Develop, implement, and maintain comprehensive policies, procedures, and processes for commercial client due diligence, aligned with industry best practices and regulatory requirements (e.g., BSA/AML, KYC, etc.).
  • Oversee the execution of thorough due diligence on new and existing commercial clients, including Know Your Business (KYB) checks, Negative News Screening, Risk Assessment & Rating, Enhanced Due Diligence (EDD), and Sanctions and PEPs Screening.
  • Stay abreast of evolving regulatory requirements, emerging risks, and industry best practices related to commercial client due diligence, particularly within the FinTech and payments landscape.
  • Provide subject matter expertise to internal stakeholders on complex due diligence matters.
  • Ensure all due diligence activities comply with applicable US and relevant international regulations.
  • Identify and escalate potential financial crime risks and suspicious activity to the appropriate internal teams (e.g., Compliance, Legal).
  • Work closely with the Compliance team to ensure alignment of first-line due diligence processes with overall compliance strategy.
  • Develop key metrics and reporting for Committees.
  • Assist with internal and external audits, regulatory examinations, and other compliance-related activities.
  • Identify opportunities to streamline and automate due diligence processes, leveraging technology solutions where appropriate.
  • Evaluate and recommend new tools and technologies to enhance the efficiency and effectiveness of the due diligence function.
Desired Qualifications
  • Professional certifications such as CAMS, CFE, or CRCM are a plus.
  • Experience with FinTech or payments industry strongly preferred.

SoFi provides a variety of financial services aimed at helping individuals manage their money effectively. Its offerings include home loans, personal loans, student loan refinancing, credit cards, and investment options, along with financial and estate planning services. SoFi's platform is designed to be user-friendly and mobile-first, allowing members to easily access and utilize these services. Unlike many traditional financial institutions, SoFi focuses on creating a seamless experience by integrating multiple financial products, encouraging users to engage with various services. The company's goal is to empower its members to achieve their financial objectives while fostering an inclusive environment for both employees and clients.

Company Stage

IPO

Total Funding

$4B

Headquarters

San Francisco, California

Founded

2011

Growth & Insights
Headcount

6 month growth

-7%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • SoFi's member base reached over 10 million, indicating strong customer acquisition.
  • The $525 million securitization deal highlights demand for SoFi's personal loans.
  • Potential re-entry into crypto could diversify SoFi's investment offerings.

What critics are saying

  • Increased competition from fintech firms like Robinhood could impact market share.
  • Regulatory changes in crypto could create compliance challenges for SoFi.
  • Rapid member growth may strain SoFi's resources and customer service.

What makes SoFi unique

  • SoFi offers a comprehensive suite of financial products under one platform.
  • The company leverages mobile-first technology to enhance user experience and engagement.
  • SoFi's member-centric approach fosters loyalty and long-term customer relationships.

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Benefits

You’re taken care of. SoFi employees receive comprehensive health, vision, dental, life insurance, and disability benefits—as well as flexible time off, fitness, fertility, and family planning options.

Realize your ambitions. We want to help our employees achieve financial freedom, just like our members. That’s why we contribute $200 per month toward your student loans to help pay down your debt—plus free financial classes.

Never stop learning. We offer frequent training, mentorship opportunities, and leadership programs to develop our people. We also cover tuition costs for approved programs, up to $5,250 per year.