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The role:
The Independent Compliance Testing (ICT) Program performs a key second line of defense role, to help ensure regulatory requirements are met across the applicable lines of business at SoFi.
This Compliance Testing Specialist will be responsible for leading and executing risk-based compliance transaction, control, and outcomes-based testing, for the purpose of independently validating business line adherence to applicable consumer/commercial lending products, with an emphasis in mortgage lending and home loan laws and regulations (for the whole product lifecycle).
This role will report to the Regulatory Compliance Testing Manager, and the role may also require executing some testing in financial services subject matter areas other than those outlined above.
What you'll do:
Executing aforementioned testing/monitoring activities in adherence to program methodology, test scripts and procedures, under the leadership of a team leader.
Ensuring all tasks and reporting are completed within established timeframes, in accordance with the program’s test plan.
Drafting monitoring memos at the conclusion of monitoring activities.
Analyzing data from multiple sources and systematically documenting the work and results.
Identifying and classifying any test findings properly; managing and tracking those findings to ensure the business owner remediates the issue; and performing validation and sustainability review/testing to confirm that the finding has been fully addressed.
Establishing and maintaining strong working relationships with relevant Compliance Officers and Business Areas.
What you'll need:
Bachelor’s degree
At least 2-4 years of compliance testing or auditing experience, specifically within financial services or a regulated banking institution
Strong working knowledge of mortgage lending and home loan laws and regulations.
Strong problem-solving and conceptual thinking skills
Strong communication skills
Top Skills
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