Independent Risk Management Director, Big Business Banking

Shape a brighter financial future with us. Together with our members, were changing the way people think about and interact with personal finance. Were a nextgeneration financial services company and national bank using innovative, mobilefirst technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and were at the forefront. Join us to invest in yourself, your career, and the financial world.
SoFi is seeking an energetic, detailoriented, selfmotivated, and intellectually curious Independent Risk Management Director to support the development and launch of SoFis Big Business Banking (Commercial) products. As part of the Second Line of Defense (2LOD), this individual will provide oversight across risk types for all product and feature launches as well as partner with 1LOD risk owners on ensuring we are appropriately identifying, monitoring, and mitigating risks as part of our framework programs as we scale and grow this business. Your success in this role will rely on deep subject matter expertise in commercial banking risksincluding operational, credit, liquidity, fraud, financial crime, technology, thirdparty, and regulatory risk.
Monitor and address risks, issues, and resolve escalation items resulting from our commercial activities including onboarding, servicing, and payments.
Oversee the commercial risk management framework and governance for the execution of riskrelated initiatives.
Provide credible challenge and advisory services on strategic initiatives and ongoing operations.
Liaise with Regulatory Affairs for any interactions with regulators and/or internal audit ensuring successful outcomes through careful planning and monitoring.
Collaborate with business units, Enterprise Risk Management, and commercial teams to define the Enterprise Risk Appetite and tolerance. Monitor Key Risk Indicators (KRIs) against tolerance thresholds.
Apply lessons learned across the industry to ensure appropriate mitigation to prevent concentration risk and liquidity instability, reducing exposure to rapid outflows or contagion events.
Assess volatility characteristics of commercial deposits and ensure alignment with liquidity buffers, funding strategies, and assetliability management practices; challenge business assumptions around intraday liquidity needs for highspeed payment rails.
Challenge processes to evaluate client and partner control environmentsparticularly for onboarding, transaction monitoring, and payment originationwhere upstream weaknesses can expose the bank to regulatory and reputational risk.
Identify emerging risk themes and ensure timely rootcause analysis and remediation.
Support postlaunch reviews and continuous control enhancements as the business scales.
Bachelors degree with 10+ years experience in commercial banking including functional responsibility in risk management.
Deep knowledge of commercial banking products, payment operations, KYC/AML expectations, treasury operations, and institutional client risk drivers.
Demonstrated expertise in concentration risk, liquidity risk, and operational/financial crime risks in commercial or highvelocity payment environments.
Ability to independently challenge business growth assumptions and identify latent risks associated with scale, client mix, or insufficient controls.
Experience leading and managing meetings with crossfunctional teams, effectively and efficiently communicating and driving engagement.
Proficiency in data analysis preferred and deriving meaningful insights for decisionmaking.
Strong knowledge of risk management principles and practices including risk and control assessments.
Experience with regulatory compliance and corporate governance standards.
Ability to manage multiple initiatives and competing priorities, meet deadlines, and adapt to change.
Proficiency with Google Suite and/or Microsoft Office products.
Experience with Governance, Risk and Compliance (GRC) systems.
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. 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.
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