Business Controls RCSA Senior Analyst

Who we are

SoFi is a digital personal finance company whose mission is to help its members achieve financial independence to realize their ambitions, whether that be to buy a house one day, start a family on their own terms or be debt free. We aim to be at the center of our members’ financial lives, and to help every member Get Their Money Right®. By joining SoFi, you’ll become part of a forward-thinking company that is transforming financial services by embracing technology to build innovative loan products, investment tools, and more. One of the fastest growing fintech companies, we’ve grown from 250 employees in 2015 to over 1,600 employees today, and over 1 million members. With offices across the US, we offer the excitement of a rapidly growing startup with the stability of a seasoned management team and some of the best talent around. As an employer, we strive to hire employees who are committed to both our company’s mission and our desire to build the best culture in the world. If you are driven, passionate about what you do, and excited about the SoFi mission, we would love to hear from you.

The role

SoFi's Business Controls team resides within the 1LOD and its main responsibility is to facilitate and drive consistent implementation/execution of core 2LOD Risk Management programs such as risk and control self-assessment (RCSA), Control Testing, Issue Management and Member Remediation, and Risk Reporting. The Business Controls is a support function for the business units, an accelerator of satisfactory risk management, and an execution function for 1LOD independent control testing.  The RCSA Senior Analyst role will partner closely with the risk owners and the 1LOD to identify risks and controls and collaborate in the development and mapping of effective controls to mitigate risks.

By joining SoFi, you'll become part of a forward-thinking company that is transforming financial services for the better. We offer the excitement of a rapidly growing startup with the stability of an industry-leading leadership team.

What you’ll do:

• Partner and collaborate with the Home Loan business unit to drive the identification, documentation, and assessment of key risks and controls
• Conduct walkthroughs of business processes to document process flows and ensure effective controls are in place to mitigate risks
• Partner with the business units to manage issues and ensure timely and satisfactory completion of corrective action plans to address control gaps
• Support the business in conducting timely periodic reviews and updates of RCSAs to assess the design and effectiveness of controls based on control testing results, effectiveness of issue remediation, any updates to processes, etc.
• Create and maintain risk management reports for various forums and Committees
• Demonstrate strong relationship-building and communication skills in order to support consistent understanding, adoption, and high-quality execution of the enterprise risk management frameworks (policies, programs, processes, etc.) to promote a strong culture of risk management
• Calibrate and drive alignment with 2LOD on quality, consistency, and level of depth with RCSAs, Issues Management, and Supplier Risk Management as part of the enterprise risk management framework

What you’ll need:

• Bachelor’s degree
• 5+ years of mortgage experience, including regulatory and compliance experience
• 5+ years of relevant experience developing/managing risks and controls (RCSA)
• Experience in the banking and/or fintech industry
• Understanding and experience working with the three lines of defense framework
• Knowledge of banking products, processes, and regulations
• Experience mapping complex processes and identifying control points
• Self-motivated
• Strong attention to detail 
• Well organized
• Strong critical thinking and problem-solving skills
• Ability to work under pressure, manage multiple tasks and competing priorities, meet deadlines, and adapt to change
• Strong interpersonal, verbal, and written communication skills; capable of writing documentation
• Team player, ability to interact positively with management and colleagues 
• Strong collaboration and influencing skills

• Ability to provide collaborate with the business in consideration of the business strategy and risk management objectives

Nice to have:

• Experience with GRC systems
• Familiarity with Google Workspace (Docs, Sheets and Slides)

Why you’ll love working here

• Competitive salary packages and bonuses
• Comprehensive medical, dental, vision, and life insurance benefits
• Generous vacation time and holidays
• Paid parental leave for eligible employees
• 401(k) and education on retirement planning
• Tuition reimbursement on approved programs
• Monthly contribution of up to $200 to help you pay off your student loans
• Great health & well-being benefits including: telehealth parental support, subsidized gym program
• Fully stocked kitchen (snacks and drinks)