The role

SoFi's Risk Management team has responsibility for ensuring growth in lending and other member related activities are consistent with the company's risk appetite. The team holistically manages enterprise, credit, deposit products, fraud prevention, portfolio management, infrastructure, and business operating risks. In addition, Risk Management directly manages enterprise partners, ensures strong compliance with regulations, acts as a multi-layered second line of defense in oversight of business operations, and works to ensure risk policies enable a member-first experience.

The role of Manager, Enterprise Third Party Risk Governance will be responsible for partnering with internal business units to lead the onboarding, due diligence evaluation, ongoing monitoring and control activities of the Supplier Risk Management Program for SoFi Technologies and its subsidiaries including both domestic and international partners.

Key oversight support domains include:

• Lead the strategic evolution of supplier risk management oversight activities for SoFi's Third Party Risk Management Framework
• People Leader: Manage Program escalations, exceptions and non- compliance events in accordance with Policy requirements
• Interpret applicable laws, rules, and regulations to provide clear and practical guidance to stakeholders, in addition to monitoring the regulatory environment to identify regulatory changes, industry trends, potential exposures and/or emerging risks relevant to the organization's outsourced products and services.
• Assess risks, associated controls and their effectiveness, driving enterprise compliance with applicable laws, rules, and regulations
• Provide oversight of the Global Third Party Program by engaging with other Lifecycle Management stakeholders to review third-party risks and controls across the enterprise and facilitate Program Management activities including, but not limited to:
• Defining, measuring and monitoring progress of Supplier Risk Management activities (Issue Tracking, Risk Remediation Efforts, Key Supplier Metrics)
• Leading control design to improve the efficacy of risk mitigation activities
• Developing Key Risk Indicators (KRIs) and Key Performance Metrics (KPIs) to drive Program oversight consistency across the supplier ecosystem
• Decisioning Program escalations, exceptions and non- compliance events in accordance with Policy requirements

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:

• Innovate... Bring your brightest ideas to ensure risk is being managed in alignment with regulatory guidance and best practice throughout third party life cycle (planning, due diligence, contract, on-going monitoring, and termination)
• Make Data Driven Decisions... Design supplier risk assessments, develop tier/relationship based mitigation strategies and evaluate remediation tracking
• Leave your Mark... Lead a dynamic team of second line risk practitioners to ensure sound management in an evolving organization with abstract risk ecosystems.
• Provide Effective Challenge... Lead operating process and internal control improvement for Third Party Risk and broader enterprise risk mitigation Programs and processes.
• Collaborate... Build effective relationships with stakeholders who own and support key third party relationships; gain commitment from stakeholders to help manage and improve SoFi's risk posture by understanding business objectives to influence solution strategies
• Be a Risk SME... Work in a self-directed, collaborative, and constructive manner with business units and our internal and external stakeholders to enhance the effectiveness of processes and controls
• Drive Performance Outcomes... Monitor the risk and control environment to ensure that exposures are kept at acceptable levels through issue monitoring administration and exception tracking and the oversight of remediation actions to improve overall Supplier performance

What you'll need:

• Bachelor's degree
• Minimum of ten years of second line third party risk management experience in the financial services industry
• People Leader experience, managing teams of at least five or more full-time associates
• Comprehensive knowledge of Third Party Risk Management methodologies, risk mitigation principles and regulatory expectations related to the financial services industry
• Knowledge of and experience in designing and operating third party risk governance frameworks in consideration of other relevant regulations applicable to the financial services industry
• Ability to provide consult, insight and guidance in consideration of business need and third party risk management strategic objectives