Director, Lending Fraud Management

1 week ago

San Francisco, United States SoFi Full time

Employee Applicant Privacy Notice

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.

Lending Fraud Management Director – Fraud Prevention will have responsibility for partnering with Fraud Prevention Operations, Credit Risk, Products, SoFi Business Units (Personal and Student Lending, Credit Cards, and Members), Operations, Information Security, Legal and Compliance teams to drive first line of defense oversight of all application and onboarding fraud prevention strategies across our Fraud Prevention risk domain.

What you'll do:

  1. Application and onboarding Fraud Prevention Strategy design, implementation, monitoring and optimization.
  2. Portfolio monitoring and reporting.
  3. Partnership with Fraud Operations to balance efficiency and effectiveness of Lending fraud queues.
  4. Manage a team of analysts that effectively execute business objectives.
  5. Daily critical collaboration is necessary with Fraud Prevention Operations which resides in Global Operations. This is the conduit to execution of our Fraud Prevention Strategies and a critical feedback loop to balance risk with member experience.
  6. Ensure our SoFi customers are protected from fraud at every touchpoint while enabling minimal friction throughout their journey.
  7. Bring your brightest ideas to build best-in-class application and onboarding fraud prevention strategies across SoFi’s wide suite of products.
  8. Collaborate with Product, Engineering, Risk Analytics CoE and Risk Infrastructure to help architect the future of fraud risk management.
  9. Constantly evaluate the adequacy of fraud prevention rules and put in place a process to optimize fraud strategies on a near real-time basis.
  10. Design effective fraud prevention domain risk controls that ensure risks are proactively identified, actively managed, clearly quantified, and volatility risk measured.
  11. Independently review and challenge material estimates and/or the processes that provide estimates used in managing the products.
  12. Serve as a subject matter expert for Fraud Prevention – including product specific risks and data sources/uses.

What you'll need:

  1. 10+ years of relevant fraud risk management, risk analytics, consumer lending, and/or underwriting strategy work experience.
  2. Preferred: Advanced degree in an analytical discipline.
  3. Strongly Preferred: Extensive work in risk management across lending, credit card or deposit products at a significant financial institution, eCommerce merchant, or payment platform.
  4. Have a history of success in executing projects, the ability to direct a team and do hands-on work.

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 protected characteristics.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

SoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities.

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.

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