The role

SoFi’s Business Controls team resides within the 1LOD and its main responsibility is to facilitate and drive consistent implementation/execution of core 2LOD Risk Management programs such as RCSA, Control Testing, Issue Management and Member Remediation, Supplier Risk Management, and Risk Reporting. The Business Controls is an advisor to the business units, an accelerator of satisfactory risk management, and an execution function for 1LOD independent control testing.  The RCSA Senior Analyst role will partner closely with the risk owners and the 1LOD to identify risks and controls and provide guidance in the development and mapping of effective controls to mitigate risks.

By joining SoFi, you’ll become part of a forward-thinking company that is transforming financial services for the better. We offer the excitement of a rapidly growing startup with the stability of an industry leading leadership team.

What you’ll do:

• Partner with the business units (specifically for lending products, credit card, checking and savings) in the identification, documentation, and assessment of key risks
• Provide guidance in the development, documentation, and mapping of controls to mitigate risks
• Determine adequacy of controls identified by business units to mitigate relevant risks
• Develop process maps for business processes and products 
• Work with business units to ensure timely review and updates to the risk assessment and control documentation and conducting and documenting walkthroughs of various business processes
• Support business units to provide awareness of enterprise risk frameworks, policies, programs, processes, etc.
• Demonstrate strong relationship-building skills in order to support consistent high-quality execution of the RCSA program within the Business Control Team and across all lines of defense 
• Calibrate and drive alignment with 2LOD on quality, consistency, and level of depth with RCSAs as part of the Risk Management Policy
• Drive accountability and advise on effective management of third party risks
• Ensure quality documentation across the supplier lifecycle for the third party portfolio to include knowledge of risk and controls for pre and post award of contracts
• Drive consistent execution of supplier lifecycle management from selection, and onboarding through termination or exit
• Monitor and manage monthly routines such as timely execution of ongoing monitoring of suppliers, performance scorecards, service level agreement adherence, action planning to close gaps, etc.
• Partner closely with 2LOD Risk Management to execute and implement an effective third party risk management program
• Drive culture of risk awareness

What you’ll need:

• Bachelor’s degree
• 4+ years of relevant experience developing/managing risks and controls (RCSA)
• Experience in banking and/or fintech industry
• Experience mapping complex processes and identifying risks and control points
• Knowledge of banking products, processes and regulations
• Experience with GRC systems
• Knowledge and experience with implementing Third Party Risk Management programs aligned with Regulatory guidance.
• Comfort in managing and prioritize simultaneous workflows and activities
• Excellent critical, creative and data thinking, decision-making and innovative problem-solving skills
• Strong collaboration and influencing skills
• Strong interpersonal, verbal, and written communication skills; capable of writing documentation, and interacting positively with management and colleagues
• Ability to provide consultation to first line business leaders in consideration of the business strategy and risk management objectives