AML & Sanctions Risk Assessment Officer

The role:

The AML & Sanctions Risk Assessment Officer will be responsible for the execution and oversight of the enterprise-wide BSA/AML and OFAC Risk Assessment program. This includes, but is not limited to, executing on the collection of inputs, analyzing results, drafting Risk Assessment reports and project artifacts, and ensuring quality control processes related to the Risk Assessment are in place. The role requires collaboration with various senior stakeholders across SoFi and external partners, including vendors and regulators.

What you’ll do:

• Design and implement the Enterprise BSA/AML and OFAC Risk Assessment, including owning the drafting of the Risk Assessment report and related materials, and ensuring materials clearly articulate BSA/AML and OFAC risks and controls across the Enterprise.

• Ensure the BSA/AML and OFAC Risk Assessment methodology leverages best practices, are kept up to date, and reviewed periodically by appropriate stakeholders.

• Partner with key stakeholders, including each relevant business line, control functions, Internal Audit, Data Science, and other areas to procure relevant data in a timely and accurate manner in support of the Risk Assessment.

• Own quality control processes related to the qualitative and quantitative data that is utilized in the Risk Assessment.

• Create and maintain procedures related to the BSA/AML and OFAC Risk Assessment process. 

• Develop materials for executive leadership and examiners that summarize findings derived from the  BSA/AML and OFAC Risk Assessments.

• Assess the results of the BSA/AML and OFAC Risk Assessment and use results to drive improvements in the BSA/AML and Sanctions programs.

• Support the AML Department by assisting in the oversight and coordination of the resolution of issues, gaps, and risks associated with the Risk Assessment.

• Assist in the coordination and development of BSA/AML, Sanctions, and Compliance presentations for an executive level audience. 

• Maintain effective communication with stakeholders and business partners with the purpose of informing interested parties on key milestones, accomplishments, programs, activities, and overall successes.

What you’ll need:

• Bachelor’s Degree or Master’s Degree in Finance, Business, Management, or other relevant areas. 

• Experience with a tool or third-party platform/software used to calculate AML and OFAC risk ratings

• 4-6 years experience conducting BSA/AML and OFAC Risk Assessments.

• 5+ years of experience in the financial services industry with a demonstrated track-record of delivery and/or relevant experience in risk and control management  

• Effective negotiation and influencing skills, including strong written and verbal communication and presentation skills.

• Strong management, organizational and evaluative process skills.  Ability to analyze complex organizational and technical issues to improve performance and efficiency.

• Demonstrated ability to communicate effectively with all levels of the organization, across different business lines, and with external stakeholders.

Skill in:

• Strong attention to detail and ability to manage multiple projects/initiatives to conclusion.

• Interacting with, and presenting to, all levels of management, cross-functional partners, and regulators.

• Drafting, reviewing, implementing, and monitoring policies and procedures.

• Strong analytical and problem-solving skills, including the ability to analyze data, identify trends, and develop solutions to address risks.

• Familiarity with BSA/AML processes and systems (e.g.  transaction monitoring systems, customer screening systems, customer risk rating models and other related technologies).