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The role:
The Senior Compliance Specialist, Risk Assessment is a key contributor within the second line of defense Compliance organization responsible for leading and executing the enterprise-wide Compliance Risk Assessment (CRA) program. This role is ideal for a strong “doer” with advanced knowledge of regulatory compliance, hands-on execution skills, and a bias for clarity, consistency, and impact. The role integrates compliance risk assessments with regulatory change impacts, control evaluations, and product/service risks.
This role will also support compliance risk taxonomy management, alignment to the Compliance Management System (CMS), and the development of data-driven reporting for senior leaders and regulators.
What you’ll do:
- Execute the annual Compliance Risk Assessment (CRA) across all business units, ensuring consistent risk scoping, regulatory mapping, and documentation standards.
- Integrate regulatory change management insights into the risk assessment process to reflect current and emerging risk trends and regulatory expectations.
- Collaborate with legal, product compliance officers, and first line risk leads to assess risk exposures tied to products, services, delivery channels, and regulations.
- Lead the design and maintenance of compliance risk libraries and taxonomies, ensuring alignment to federal/state laws and enterprise risk frameworks.
- Develop and maintain scoring methodologies for inherent risk, control effectiveness, and residual risk ratings using defensible and repeatable logic.
- Review and challenge business-unit risk assessments, ratings, and justifications; provide credible challenges and escalate discrepancies when necessary.
- Coordinate and facilitate walkthroughs, control discussions, and action planning with key stakeholders to remediate gaps and reinforce risk mitigation.
- Support linkages across compliance elements including control testing, issue management, regulatory change tracking, and compliance training.
- Produce executive-level dashboards and reporting that highlight risk posture, emerging risks, gaps, trends, and mitigation actions.
- Contribute to the continuous improvement of the CRA methodology, templates, and supporting tools to improve scalability, repeatability, and regulatory alignment.
What you’ll need:
- Bachelor’s degree in Business, Finance, Law, or related field.
- Minimum of 5 years of experience in regulatory compliance, legal, or compliance risk management in a bank or financial services company.
- Minimum of 3 years in a compliance or risk role within banking or financial services, with direct experience in compliance risk assessments.
- Proven ability to assess consumer and enterprise regulations (e.g., Reg E, Z, DD, FCRA, BSA/AML, ECOA, UDAAP) and translate into business impacts.
- Strong familiarity with CMS components including issue management, control testing, training, and regulatory change protocols.
- Experience working in the second line of defense with responsibility for oversight, challenge, and governance.
- Excellent analytical and writing skills; able to produce high-quality deliverables for internal and regulatory audiences.
- Adept at facilitating cross-functional discussions, documenting risk decisions, and driving accountability across stakeholders.
Nice to have:
- CRCM, CAMS, or CCEP certification are strongly preferred.
- Working knowledge of OCC 2017-43, OCC 2011-29, CFPB Examination Manual, and other regulatory guidance governing compliance risk and CMS.
- Experience conducting risk assessments that inform risk appetite, strategic risk planning, and regulatory reporting.
- Ability to interpret regulatory changes and their implications on existing controls, policies, and products.
- Prior experience with GRC platforms (e.g., ServiceNow) and regulatory inventory systems (e.g., Compliance AI, Regology, Cube).
- Familiarity with RCSA integration and risk/control rating methodologies.
- Experience preparing and supporting regulatory exam readiness or remediation workstreams.
- Demonstrated ability to operate in a fast-paced environment with evolving priorities and ambiguity.
- Proficient in Excel/(google)Sheets, PowerPoint/Slides, and data visualization tools for risk reporting.
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 RightsSoFi 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 [email protected].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.
