SoFi is looking to improve its Anti-Money Laundering (AML) processes by ensuring regulatory compliance and identifying areas for improvement through quality assurance reviews.
Requirements
- 4-6 years of experience in the finance industry focusing on quality assurance for AML transaction monitoring, internal/external investigations, and KYC functions
- Excellent working knowledge of AML/BSA laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity
- Experience with AML transaction monitoring, customer due diligence, and enhanced due diligence in the crypto/blockchain space
- Excellent analytical skills required
Responsibilities
- Perform quality assurance reviews of AML investigations involving cryptocurrency activity, ensuring regulatory compliance, identifying gaps, and driving process improvements through feedback and trend analysis
- Analyze completed cases to ensure that analysis is completed and all required and relevant documentation supporting each review is provided
- Review cases related to the disposition of adverse media alerts to ascertain whether they are correctly determined
- Collaborate with the AML Team to provide feedback as appropriate and ensure any corrective actions required are completed
- Participate in the development and implementation of procedures and objectives for the QA function
- Identify training needs based on themes identified through the case reviews
- Conduct research utilizing available systems, databases, and the internet, consistent with the resolution of investigations
Other
- Demonstrated ability to communicate effectively with all levels of the organization and across different business lines
- Excellent organizational, verbal, written and interpersonal skills are required
- Must be able to multitask, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines
- Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure
- CAMS/CFE certification preferred (or willingness to become certified within one year of start date)
