Testing Compliance Specialist, Deposits/Cards/Payments
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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.
The Testing Compliance Specialist in ICT will be responsible for executing risk-based compliance transaction, control, and outcomes-based testing under the leadership of a team leader, for the purpose of independently validating business line adherence to applicable commercial and small business laws and regulations (for the whole product lifecycle), including but not limited to
Reg. Z, Reg. B, Reg. CC, Reg. DD, Reg. D, Reg. E and Electronic Fund Transfer Act (EFTA), Fair Credit Reporting Act (FCRA), Truth in Lending Act (TILA), Fair Debt Collection Practices Act (FDCPA), Real Estate Settlement Procedures Act (RESPA), as well as relevant state laws and regulations.
The Testing Compliance Specialist will report to the Regulatory Compliance Testing Team Lead, 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 in adherence to program methodology and procedures, under the leadership of a team leader.
Ensure all tasks and reporting are completed within established timeframes, in accordance with the program’s test plan.
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:
At least 6-10 years of compliance testing or auditing experience, specifically within financial services or a regulated banking institution
Strong working knowledge of commercial/B2B/small business lending and products; and their applicable laws and regulations.
Strong problem-solving and conceptual thinking skills
Strong communication skills