Regulatory Standards Quality Assurance Specialist
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The Independent Compliance Testing (“ICT”) Program performs a key second line of defense role which is to help ensure regulatory requirements are maintained across the lines of business at SoFi. ICT’s Quality Assurance (QA) function ensures that ICT sustains its commitment to its standards of compliance and regulatory adherence.
QA Specialist will be responsible for leading and executing QA reviews to ensure the quality of the ICT testing of transactions and internal controls across the SoFi enterprise, including SoFi Bank, N.A. The candidate will check and challenge work products to improve the testing program in a substantive manner. The candidate will have deep functional knowledge of applicable US banking laws and regulations, including broker / dealer, BSA/AML, and sanctions laws and regulations.
What you’ll do:
Execute QA reviews to ensure ICT testing adhere to program standards and policies
Check and challenge ICT reviews including the scope memos, risk assessments, testing plans, field work, work papers, analyses, and reports
Communicate issues timely as they arise for remediation during the process, and be proactive and professional with stakeholders
Report QA results and findings to SoFi leaders and stakeholders verbally and in writing
Train and coach ICT staff to ensure that any issues are remediated, that compliance requirements are consistently attained, and that an ongoing culture of compliance is maintained
Maintain QA work papers in the system of record completely and accurately in a timely manner
Periodically review the QA program to continue to evolve and improve ICT QA to assess its effectiveness and to adapt to industry and/or regulatory changes
Engage and build relationships with various stakeholders including Business Leaders, Risk and Compliance Professionals, and Internal Audit team members
What you’ll need:
Deep understanding of the QA life cycle in the context of regulatory compliance
At least 5-10 years of quality assurance, compliance testing, or auditing experience, specifically within financial services or a regulated banking institution preferred
Strong working knowledge of US banking laws, broker/dealer, BSA/AML and sanctions regulations
Confidence in verbal and written communication skills required; must be able to communicate with all levels of the organization with tact and diplomacy
Exceptional organizational skills and the ability to work and deliver projects and achieve targets independently, proactively, and under pressure
Ability to work independently and a strong sense of ownership (methodical, self-starter, hands-on, detail oriented, and big-picture minded)
Excellent communication skills