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Senior Director
Commercial Payment Services Risk Management
Posted on 2/8/2023
Salt Lake City, UT, USA • Frisco, TX, USA • Claymont, DE...
Experience Level
  • 8+ years of credit and risk payments experience working at a sponsor bank or managing the sponsor bank relationship for a sponsored entity, ISO or payment facilitator
  • Experience with bank sponsorship on site audit processes
  • Understanding of Visa, Mastercard, American Express and Discover rules and regulations
  • Demonstrated ability to build and manage new policies, procedures and teams
  • Experience working directly with sponsored entities
  • Expertise in counterparty risk management
  • Experience in creating and managing credit and risk policies
  • Excellent communication and presentation skills
  • Sponsor bank experience
  • Hands-on analytical skills
  • A clear commitment to operating to the letter and spirit of regulatory and risk parameters
  • Bachelor's degree in a relevant discipline
  • Manage end-to-end Risk Management for CPS, closely partnering with Galileo (processor) where applicable
  • Upfront diligence reviews including all credit and risk policy review and approvals
  • Ongoing counterparty risk monitoring
  • Underwriting reviews and shadow underwriting of sponsored entities
  • Establish individual volume limits for entities being sponsored by SoFi Bank
  • Ongoing risk monitoring and reviews to measure compliance with SoFi's Risk Management Policies
  • Attend monthly calls with each sponsored entity to review key portfolio metrics
  • Create and present internal portfolio key metric reporting
  • In partnership with SoFi's Analytics Center of Excellence, develop adequate tracking and reporting and present findings to Monthly Credit Committee and Bank Enterprise Risk Committee where applicable
  • Periodic remote and on-site reviews
  • Establish and lead monthly portfolio review meetings with Galileo and other partners
  • Lead strategic thinking for the evolution of the service line in terms of clients, use cases, and product features, in collaboration with the broader team. This will include a “living” roadmap for future use cases and product/feature enhancements

1,001-5,000 employees

Lender and financial services provider
Company Overview
SoFi’s mission is to help people reach financial independence to realize their ambitions.
  • 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.
Company Core Values
  • Put our members’ interests first.
  • Run after problems.
  • Embrace diversity. Everyone should feel welcome, included and able to contribute.
  • Get to the truth and make principle-based decisions.
  • Make your footprint bigger than your foot.
  • Do the right thing. If you’re not sure, do the harder thing.
  • Set ambitious goals, be gritty, be accountable.
  • Take care of other people and help them grow.
  • Iterate, learn, innovate.
  • Be SoFi missionaries.
  • …and don’t forget to smile.