Senior Advisor, Supplier Risk

The role: 

We are seeking a skilled and experienced Senior Advisor, Supplier Risk to join our dynamic team. As a key contributor, you will play a crucial role in the development and execution of a supplier rationalization plan and strategy aimed at optimizing vendors across various dimensions, including quality, capacity, systems, and responsiveness. This role involves working closely with business partners, procurement, legal, third-party risk, and information security teams to facilitate new supplier evaluations and onboarding, ensuring alignment with business requirements and compliance standards. 

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: 

The Senior Advisor, Supplier Risk, will help SoFi improve vendor management and internal communication by: 

• Driving supplier rationalization strategy and execution across enterprise business units. 
• Provide risk and operational oversight across the third party lifecycle (from onboarding to offboarding). 
• Ensure adherence to service level agreements (SLAs) performance standards, and contractual obligations. 
• Drive governance routines to track third party performance, issue remediation and risk mitigation. 
• Assist in negotiating favorable terms, pricing, and service level agreements with third parties
• Facilitate new supplier evaluations and onboarding, collaborating with cross-functional teams. 
• Collaborate with cross-function teams (e.g., IT, legal, cybersecurity, privacy, procurement) to align risk and control expectations. 
• Development and execution of frameworks, tools and reporting for third party engagements.
• Identify and escalate emerging third party risks and control gaps across engagements.
• Establishing process improvements for third parties and enhancing interactions within the organization. 
• Providing reporting to various levels of executive and management forums.

What you’ll need: 

• 5 + years of third party risk management experience in the financial services industry. 
• Comprehensive knowledge of Third Party Risk Management methodologies, risk mitigation principles and regulatory expectations related to the financial services industry 
• Proven ability to navigate interagency regulatory guidance. 
• Strong working knowledge of supplier management best practices and industry trends 
• Proven experience driving initiatives to achieve cost savings and efficiencies through strategic vendor partnerships and innovative solutions 
• Proficient in computer skills, including spreadsheets, word processing, and business solutions software. 
• Familiarity with navigating and interpreting complex procedures, policies, and agreements. 
• Strong team-building, relationship management, and project management skills. 
• Robust business analysis and problem-solving abilities, including data manipulation and analysis. 
• Ability to multitask, work effectively in a team environment, and adapt to changing priorities.
• Bachelor’s degree 

Nice to have: 

• Experience in financial services with exposure to fraud prevention, credit strategy, collections and recovery, risk management, and/or a related field