Banking & Regulatory Reporting Governance, Manager

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:

The SoFi Regulatory Reporting Governance Manager is a collaborative, well-organized, action-oriented individual with exceptional leadership and time management skills, confident in presenting, facilitating, and building a network of strong relationships across our organization. This is an individual contributor role, responsible for conducting quality assurance reviews to ensure we have reporting accuracy over the various regulatory reports submitted to FINRA, the Federal Reserve Bank (FRB) and Office of Comptroller of Currencies (OCC). This individual will also support financial audits and exams across the Bank Holding Company, Broker-Dealer, and the Bank, working in close coordination with Accounting, Regulatory Reporting, Finance Data Governance, Compliance, Service Management, Technologies, and various other teams.

What you’ll do:

Responsibilities include, but are not limited to:

• Developing and executing a Quality Assurance framework with reviews including but not limited to:
• Process reviews to identify control gaps and improvement opportunities for regulatory reporting functions.
• Compliance reviews to ensure adherence with regulatory reporting guidelines and requirements
• Substantive transaction testing
• Issue management and monitoring of action plans (to closure)
• Communication of findings through formal reports and presentations
• Performing risk assessments to determine areas requiring additional review/testing
• Support regulatory reporting to ensure compliance with the reporting guidelines issued by the FRB, OCC, and FINRA.
• Project management to ensure timelines of reviews and remediations are met
• Ensure compliance with Quality Assurance governed frameworks e.g., Regulatory Reporting Governance policy, Self-Identified Re-filing Assessment Framework, Regulatory Report Risk Assessment and Cross Report Reconciliation Framework as assigned and prepare key metrics
• Facilitate and support the Bank and Broker-Dealer Audits
• Work closely and coordinate with various regulatory reporting, technology, data governance, service management, teams to ensure the quality assurance over the regulatory reporting processes
• Independently handle projects and drive solutions across multiple stake holders, projects, initiatives, reviews, and audits/exams
• Managing and responding to requests from regulators on an as-needed basis

What you’ll need:

Education: Bachelor's Degree in Finance or Accounting.

• 8+ years of work experience in Banking/Financial Services.
• Brokerage License
• Knowledge of financial and regulatory reporting
• Knowledge of regulatory audit and process review
• Strong leadership presence with roll-up the sleeves and get work done mentality
• Excellent relationship management and conflict resolution skills with a proven track record of positively collaborating, influencing, and extensively coordinating with internal and external partners
• Excellent written and verbal communications with ability to communicate complex concepts in simple terms
• Ability to be flexible, prioritize multiple demands, and effectively manage in a matrix organization.
• Ability to think strategically.
• A self-starter with a passion to consistently deliver high quality service and exceed stakeholders’ expectations.

Nice to have:

• Master’s degree in Finance/Accounting
• CPA License
• Series 27 License
• Series 99 License

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 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 [email protected].

Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.

Originally posted on Himalayas