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Staff Risk Analyst, Fair Lending



Frisco, TX, USA
Posted on Wednesday, January 10, 2024

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Who we are:

Shape a brighter financial future with us.

Together with our members, we’re changing the way people think about and interact with personal finance.

We’re a next-generation fintech company using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.

The role

We are looking for a results-driven, passionate and engaging leader with prior experience in Fair Lending regulations and analysis. The Senior Risk Analyst role will work within SoFi’s second line of defense Fair Lending program. This individual will work closely with SoFi’s Credit Risk and Compliance teams to provide oversight and guidance on the Fair Lending implications of business decisions. This includes building out and expanding the Fair Lending analytics program beyond product level. This role will also be responsible for keeping abreast of changes and updates to regulations, including, CRA, HMDA, ECOA, FHA, and other regulations as applicable.

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 Risk Analyst will help SoFi build Fair Lending Analytics by doing the following:

  • Enhance and improve the second line of defense fair lending analytics program
  • Aggregate and synthesize data sets to perform statistical reviews for disparate impact across portfolios, products and models
  • Collaborate with partners across Credit Risk, Compliance and Legal to provide in-depth analyses
  • Communicate results effectively to both internal and external partners
  • Incorporate the latest Fair Lending guidance from the governing bodies (CFPB, Federal Reserve, OCC, etc.) into SoFi’s program when updates are provided

What you’ll need:

  • 4+ years of Fair Lending analytics experience in the financial industry (preferably with medium to large banks)
  • Experienced in statistical data analysis who excels in reviewing a high volume of product level data on a monthly/quarterly basis
  • Excellent communication and presentation skills
  • Knowledge of Python, SQL, Tableau, SAS, R, etc.
  • High-level of initiative to push for excellence, results, and process improvement
  • Ability to analyze and interpret rules, regulations and policies
  • Known for being detail-oriented with a demonstrated ability to self-motivate
  • Comfort with working in a remote environment, the ambiguity of changing priorities and the flexibility to embrace new ideas within a fast paced environment
  • Proven track record of facilitating organization-wide data collection and review with multiple senior level stakeholders
Compensation and Benefits
The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.
To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!
SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.
The Company hires the best qualified candidate for the job, without regard to protected characteristics.
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
New York applicants: Notice of Employee Rights
Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.
Internal Employees
If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.