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Chief Compliance Officer, Invest



United States
Posted on Wednesday, May 29, 2024

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Who we are:

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We’re a next-generation financial services company and national bank 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:

Reporting into the Enterprise Chief Compliance Officer, this is a leadership role within SoFi’s Compliance organization. This strategic role is responsible for the development, implementation, and administration of the Company’s Compliance Management Program for the SoFi Invest business unit. This role includes general oversight of the Compliance Management Program for the Company’s brokerage, and investment adviser.

What you’ll do:

  • Lead a team of compliance professionals supporting SoFi’s Invest business unit

  • Build and maintain a risk-based compliance program while partnering with business teams as an advisor, as they continue to enhance the suite of products offered.

  • Support Engineering and Product in the development of new products and features across the brokerage, investment adviser, and crypto offering.

  • Serve as a trusted resource for and partner to the business units responsible for driving the growth of the Invest product, while mitigating regulatory risk to the SoFi enterprise.

  • Participate in various committees, audits and examinations, as well as test the processes and infrastructure for the broker dealer and investment advisor that facilitate Invest activities through the administration and maintenance of the Risk Assessment and Annual Reviews.

  • As the leading subject matter expert on regulatory matters for the Broker dealer and RIA, Aadvise the Compliance and Legal teams on emerging compliance issues, regulatory changes, and new rules, and consult and guide the company in the establishment of controls to mitigate risks.

  • Engage with business partners to offer appropriate knowledge, expertise and business acumen to meet the increasing demands of a rapidly changing regulatory environment.

  • Day-to-day responsibility for management and ongoing evolution of the firm's securities and investment advice compliance programs

  • Research regulatory risks, documenting analysis, and communicating recommended or required remediation actions

  • Assist with the development, maintenance, and documentation of WSP’s, compliance manual, code of ethics, process workflows and standard operating procedures

  • Assist with the management of improvement initiatives from a structural, functional, and organizational change management perspective

  • Preparation of major compliance-related projects and filings, including but not limited to Communications with the Public, Web CRD filings, IARD filings, Form ADV, RR/IA disclosures and all periodic reviews (4530, 3210, 206(4)-7 etc.)

  • Serve as liaison between the Compliance team and the business units, corresponding regularly with upper management

What you’ll need:

  • 15+ years of relevant work experience

  • Series 4, 7, 24, 63 & 65 (or 66) Licenses

  • Degree from an accredited university or significant relevant experience strongly preferred

  • Excellent oral and communication skills; must be able to effectively articulate regulatory risks and proposed mitigation

  • Ability to work in a fast-paced, changing environment

  • Ability to analyze and interpret rules, regulations, and policies

  • Superior organization skills and attention to detail

  • Outstanding ability to develop and foster cross-functional relationships with key stakeholders

  • Thorough understand of securities markets and compliance obligations of FINRA registered Broker Dealers and SEC Registered Investment Advisers

  • Exceptional experience with the Google suite of products and the Microsoft Office Suite, particularly with Excel

  • Thorough understanding of BSA/AML compliance obligations of broker dealers

  • Knowledge of trade surveillance, complaint handling, outside activities, licensing, and registration

  • Experience with bank owned/affiliated broker dealers RNDIP compliance standards

Nice to have:

  • Series 26, 27, 52, 53, & 79 licenses

  • Work with a self-directed or discount brokerage platform highly desired

  • Understanding of fractional share trading preferred

  • Working understanding of general banking and lending regulations is helpful

  • Experience in compliance monitoring, oversight, or assurance programs at large institutions

  • Desire to develop practical, creative solutions that meet business needs while remaining compliant with applicable laws and regulations

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
SoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email accommodations@sofi.com.
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.