Consumer Lending Compliance Advisor

The role:

The Consumer Lending Compliance Advisor supports the Lending Compliance Officer, Senior Director in maintaining a robust and effective compliance risk management program at the Bank. This role has the key responsibility to support the Bank’s closed end consumer lending strategy and ensure execution is within SoFi’s risk appetite. Responsible for collaborating across the three lines of defense to establish risk awareness and culture that supports the identification, measurement, reporting and management of enterprise-wide Compliance related opportunities and risks. Supports the Lending Compliance Officer in providing timely and actionable insight and reporting to Management and Board level committees.

What you'll do:

• Serve as subject matter expert on closed end compliance related topics by maintaining industry insights and timely review of related industry alerts and environment to help determine applicability and risk to the organization.

• Engages across the three lines of defense to establish effective and collaborative relationships and feedback loops to identify and address root causes of concern. Maintain effective communication with department heads and process owners so that all personnel are informed regarding compliance requirements and work together to mitigate compliance risk exposure and participate in corrective action when required.

• Assessment of regulatory changes for applicability to and challenge of first line implementation actions.

• Champions a corporate culture in which all personnel view regulatory compliance as aligned with the Company’s purpose and values and is regarded as a key objective in business decisions and process development/implementation.

• Ensures closed end lending compliance risk controls exist in accordance with regulatory standards and best practices through risk assessments and ongoing control monitoring.

• Ensures an updated database of all closed end consumer lending compliance requirements applicable to the Company is maintained, and the processes are in place to ensure compliance.

• Possesses a deep working knowledge of regulatory requirements such as FCRA, Reg Z, Reg B, SCRA, and MLA, and remains aware of the economic environment and business best practices that will affect the Company’s strategic plans.

• Acts as subject matter expert and provides consulting or advisory services to business or internal partners on an as needed basis

• Liaises with external parties to include Federal or State bank examiners, and internal auditors regarding the Company’s compliance function.

This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned by leadership to meet the ongoing needs of the organization.

What you'll need:

• Bachelor’s degree required

• Minimum of 6 years of consumer lending compliance advisory work at a mid to large size bank or as a federal regulator.

• Professional certification such as Certified Regulatory Compliance Manager (CRCM) is preferred.

Technical/Functional Competencies:

• Ability to build effective relationships with a proven record of building trust and credibility through strong interpersonal skills, communications, and actions.

• Ability to negotiate effectively using diplomacy and tact to resolve difficult issues while maintaining a high degree of professionalism.

• Strong influence skills working both internally and externally at senior and executive levels.

• Ability to write accurate reports and documents, and sort and interpret data.

• Holds self to a high level of quality.

• Must be self-motivated and enthusiastic to obtain personal and company goals.

• Dedication to integrity, producing high quality results, and meeting deadlines.

• Excellent leadership skills demonstrated by ownership of issues through their resolution while providing sound guidance to others.

• Outstanding communication skills, both oral and written, and the ability to communicate clearly with constituents at all levels of the organization, including playing the role of an effective challenger.

• Demonstrated decision-making capability under stressful situations while dealing with complex issues involving competing interests.

• Ability to understand and communicate complex regulations in a digestible way.

• Strong organizational skills.

• Demonstrated ability to research and interpret data from various sources.