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The Role
We are seeking a data-driven and energetic Fraud Policy Leader with strong knowledge of fraud prevention and/or financial crime regulatory requirements to craft and oversee critical fraud prevention policies across the SoFi ecosystem. This role will be integral in establishing a rigorous fraud policy framework that is both compliant and adaptive. This role will be the key point of contact in the coordination of ongoing initiatives working closely with both 1LoD and 2LoD functions. As a leader in this role, your team will further ensure that fraud prevention models meet both regulatory and internal standards while also fulfilling fair lending compliance requirements.
The ideal candidate should have extensive experience in regulatory compliance, risk assessments, enterprise level policy development and team leadership.
What you’ll do:
- Partner with the 2nd Line Risk Management, Fraud Strategy and Fraud Operations to develop, implement, and maintain relevant fraud prevention policies.
- Facilitate multiple oversight committees including the Fraud Prevention Committee, leading discussions, setting agendas, and ensuring cross-departmental alignment on fraud prevention strategies, policies, and metrics reporting.
- Partner with the model risk management (MRM) team and Fair Lending Compliance team to ensure that fraud models are rigorously tested, validated, and documented.
- Lead in the appraisal of fraud risks and recommend policy modifications to counteract these risks.
- Act as the primary point of contact for the second line risk management function ensuring clear communication, collaboration, and alignment.
- Coordinate and manage regulatory exam requests related to the Fraud Prevention organization.
- Support ongoing Risk & Control Self-Assessment (RCSA), in particular capturing regulatory related controls executed by the Fraud Department.
- Conduct policy training and awareness campaigns to ensure organizational alignment.
- Conduct periodic policy audits and assessments to validate adherence and measure effectiveness.
What you’ll need:
- 6+ years of experience in relevant risk, fraud, or financial crime focused roles
- 3+ years of leadership and team development experience
- Experience with preparing management reports using PowerPoint for senior management, Committee level presentation
- Expertise on Fraud Prevention frameworks, policies and practices
- Deep knowledge of regulatory requirements pertaining to model risk management in the banking sector.
- Excellent communication, presentation and writing ability
Nice to Have:
- Prior experience working in risk management and governance functions in banking or financial services..
- Relevant certifications in Fraud Management, Compliance, or Risk Management.
- Experience with KPI identification and metrics reporting
- Experience with fraud risk management is not required, but definitely a plus
- Proficient with SQL.
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!
Pay range: $96,000.00 – $180,000.00
Payment frequency: Annual
This role is also eligible for a bonus, equity and competitive benefits. More information about our employee benefits can be found in the link above.
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. 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.