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Enterprise Third Party Risk Governance, QA Senior Analyst
SoFi
IT, Quality Assurance
Jacksonville, FL, USA · San Francisco, CA, USA · cottonwood heights, ut, usa · Frisco, TX, USA · Jacksonville, FL, USA · San Francisco, CA, USA · cottonwood heights, ut, usa · Charlotte, NC, USA
Posted on Sep 11, 2024
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Who we are:
Shape a brighter financial future with us.
Together with our members, we’re changing the way people think about and interact with personal finance.
We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.
The role:
SoFi's Risk Management team has responsibility for ensuring growth in lending and other member related activities are consistent with the company's risk appetite. The team holistically manages enterprise, credit, deposit products, fraud prevention, portfolio management, infrastructure, and business operating risks. In addition, Risk Management directly manages enterprise partners, ensures strong compliance with regulations, acts as a multi-layered second line of defense in oversight of business operations, and works to ensure risk policies enable a member-first experience.
The role of Enterprise Third Party Risk Governance Quality Assurance Senior Analyst will be responsible for partnering with SoFi Business Units, internal program stakeholders and external third party service providers to support the oversight and governance of SoFi’s Third Party Risk Management Program, through conducting assessments of the design and operational effectiveness of the program, to ensure compliance with requirements across the supplier lifecycle.
Key support domains include:
- Collaborate with internal team and stakeholders to design and develop effective quality assurance strategies, across the end to end third party lifecycle, and in accordance with SoFi Third Party Risk Management Program requirements
- Execute risk-based control and transactional testing, in alignment with program design, and document testing methodology and results
- Analyze testing results, draw meaningful conclusions, and provide practical and risk-based actionable recommendations for improvement
- Communicate results and recommendations to internal stakeholders, and govern issues and actions developed through SoFi Issue Management Program requirements
- Support program and process updates, and continue to guide third party program requirements, through results generated from quality assurance and testing execution
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:
- Innovate... Bring your brightest ideas to ensure risk is being managed in alignment with regulatory guidance and best practice throughout third party life cycle (planning, due diligence, contract, on-going monitoring, and termination)
- Make Data Driven Decisions… Analyze documentation to assess third party risk and compliance with program requirements
- Leave your Mark… Communicate the results of the execution of testing strategies through clear and concise reporting of results
- Provide Effective Challenge… Lead operating process and control improvement by reviewing, monitoring and testing internal controls and making recommendations for improvement
- Collaborate… Build effective relationships with third party program stakeholders who support key functions, and own and support key third party relationships; gain buy in and commitment from stakeholders to help manage and improve SoFi’s third party risk posture
- Be a Risk SME… Work in a collaborative, and constructive manner with business units and internal and external stakeholders to enhance the effectiveness of processes and controls, and managing third party risk with key suppliers
- Drive Performance Outcomes... Monitor the risk and control environment to ensure that exposures are kept at acceptable levels through issue monitoring administration and the oversight of remediation actions identified
What you’ll need:
- Bachelor’s degree in Business, Accounting, Finance
- Minimum of five years of Quality Assurance, Internal Audit, Risk, Compliance or Second Line Third Party Risk Management experience in the Financial Services industry
- Experience designing, implementing or testing internal controls, and reviewing risk mitigation through oversight of key supplier relationships
- Experience developing testing strategies, communicating and reporting on results and making recommendations for risk mitigation
- Knowledge of Third Party Risk Management methodologies, regulatory expectations and risk mitigation principles
Compensation and Benefits
The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.
To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!
SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.
The Company hires the best qualified candidate for the job, without regard to protected characteristics.
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
New York applicants: Notice of Employee Rights
SoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email accommodations@sofi.com.
Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.
Internal Employees
If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.