SoFi is looking to improve its Anti-Money Laundering (AML) program by ensuring the effectiveness of its controls, policies, and procedures through independent reviews and testing.
Requirements
- 6+ years of experience in AML Investigation, with a focus on quality assurance and testing, with a minimum of 2 years of direct management experience
- Excellent working knowledge of BSA/AML laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity
- Comprehensive understanding of each phase of an AML Investigation (e.g., alerts, case investigation, Suspicious Activity Reports, controls, reporting, etc.)
- Experience Fraud Investigations, AML transaction monitoring, KYC
- Strong attention to detail with a focus on quality reviews
- Administering anti-money laundering policies and procedures
- Excellent analytical and problem-solving skills, with the ability to identify control weaknesses and provide recommendations for improvement
Responsibilities
- Lead and manage a team of AML QA Analysts conducting thorough reviews and assessment of AML process, procedures, and controls
- Conduct regular reviews and assessments of the effectiveness of AML controls, policies, and procedures to ensure compliance with regulatory requirements and industry best practices.
- Identify and assess potential AML risks, gaps, and control weaknesses and provide recommendations for remediation.
- Assist with the design and execution of QA testing plans and methodologies to identify areas for improvement and ensure adherence to AML policies.
- Collaborate with Senior Management related to ongoing projects to further enhance the AML QA program.
- Responsible for documenting, maintaining, and socializing quality processes for design and implementation.
- Drive strategic initiatives while creating robust processes, procedures, and training materials to enhance enhance the Quality Assurance Program, to further align with SoFi’s compliance standard
Other
- Provide ongoing mentoring, coaching, and support to AML QA Analysts to drive quality and ensure the team’s success
- Collaborate with cross-functional teams to address identified gaps, deficiencies and implement corrective actions.
- Collaborate with offshore partners to ensure alignment and consistency in AML practices and procedures.
- Demonstrated ability to communicate effectively with all levels of the organization and across different business lines
- Ability to successfully lead and manage direct reports, including training, mentoring, and counseling
