42 applicants

Company

SoFi · 4 days ago

AML Compliance Officer, Manager - Commercial Payment Services

United States

Full-time

Remote

Mid, Senior Level

$80K/yr - $120K/yr

6+ years exp

Maximize your interview chances

Financial ServicesFinTech

H1B Sponsor Likely

Insider Connection @SoFi

Discover valuable connections within the company who might provide insights and potential referrals.
Get 3x more responses when you reach out via email instead of LinkedIn.

Responsibilities

Manage a team of AML Investigators to evaluate whether AML alerts and cases generated from manual and automated transaction monitoring are risk-relevant and whether a SAR filing is warranted.

The Manager will ensure alert and case determinations are appropriate, fully supported, and clearly documented.

Provide ongoing mentoring, coaching, and counseling to AML Investigators to drive production and quality.

Work closely with AML Investigators to identify training needs, performance gaps, process improvements, and provide recommendations to management.

Maintain a thorough comprehension of AML typologies related to Commercial Payment Services.

Collaborate with Senior Management related to ongoing projects to further enhance the AML program.

Responsible for documenting, maintaining, and socializing Commercial Payment Services AML processes for design and implementation.

Develop and maintain procedures and training materials to guide the AML investigation process.

Drive strategic initiatives while creating robust processes, procedures, and training materials to enhance AML investigations, to further align to SoFi’s compliance standards.

Assist with the design, development and execution for the ongoing transaction monitoring programs completed by offshore partners, (e.g., AML monitoring).

Provide consultative and value-added support to business partners on compliance policies and procedures.

Provide use-case experience to enhance detection and prevention of potentially suspicious activity.

Assist management in the implementation of new Commercial Payment Services control processes including, but not limited to, serving as a key stakeholder in system implementations, creating required policies and procedures, and coordinating and overseeing new control functions.

Lead testing and reviews of controls deployed by third-party commercial payment clients to evaluate adherence to regulatory requirements and support the development of remediation plans as applicable.

Advise team members with respect to applicable regulatory requirements for commercial payment services to ensure testing is adequately designed to identify potential control gaps and non-compliance with laws and regulations.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

AML ComplianceCommercial Payment ServicesAML transaction monitoringBSA/AML lawsCAMS/CFE certificationQuality assuranceUnderstanding payment methodsProject managementMentoring

Required

Bachelor’s Degree from a four-year college or university in a related field.

6+ years of experience in AML Compliance with a focus on Commercial Payment Services.

Demonstrated ability to communicate effectively with all levels of the organization and across different business lines.

Ability to successfully lead and manage direct reports, including training, mentoring, and counseling.

Experience with AML transaction monitoring.

Strong attention to detail with a focus on quality reviews.

Administering anti-money laundering policies and procedures.

Excellent organizational, verbal, written and interpersonal skills are required.

Must be able to multitask, adapt well to changing priorities, and effectively prioritize responsibilities to meet critical deadlines.

Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure.

Excellent analytical skills required.

Ability to work collaboratively and independently while managing projects and assignments.

Experience handling AML-related audits, testing, quality assurance responsibilities focused on assessing BSA/AML and sanctions risk management control effectiveness.

Preferred

CAMS/CFE certification preferred (or willingness to become certified within one year of start date).

Understanding of common payment and funds transfer methods and networks, their functioning and their liability rules such as card networks, ACH network, check processing, P2P, wire transfers, etc.

Demonstrate strong leadership and management skills that build solid working relationships within the organization.

Excellent working knowledge of BSA/AML laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity.

Comprehensive understanding of each phase of an AML Investigation (e.g., alerts, case investigation, Suspicious Activity Reports, controls, reporting, etc.).

Company

SoFi

Glassdoor

3.6

SoFi is a finance company that offers a range of lending and wealth management services.

Founded in 2011

San Francisco, California, USA

1,001-5,000 employees

http://www.sofi.com

H1B Sponsorship

SoFi has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2023 (96)

2022 (121)

2021 (94)

2020 (41)