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AML Compliance Specialist - Client Intelligence Unit (“CIU”)

SoFi

Legal

United States

Posted on Oct 9, 2024

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The role

The AML Compliance Specialist - CIU will be responsible for conducting due diligence on new and existing customer relationships to ascertain whether potential legal, regulatory, or reputational risk exists. The AML Compliance Specialist - CIU will conduct comprehensive research and document their analysis and conclusions within the SoFi case management system.

What you’ll do:

Review Sanctions, PEP, and Adverse Media alerts as part of Customer Due Diligence (“CDD”) reviews, for new and existing customers and disposition, including evaluation of whether AML risks and/or red flags are present, and escalate as appropriate
Conduct Enhanced Due Diligence (“EDD”) periodic reviews of existing customers based on customer risk rating, including external due diligence, counterparty reviews, account/transaction reviews and historical alert/case reviews.
Assist with the execution of risk-based customer termination process
Complete FinCEN 314(a) screening processes per documented internal procedures
Conduct research utilizing available systems, databases, and the internet, consistent with investigatory procedures

What you’ll need:

Bachelor’s Degree from a four-year college or university in a related field
2-4 years of experience in the finance industry focusing on customer and transaction screening, CDD and EDD
Demonstrated ability to communicate effectively with all levels of the organization and across different business lines
Excellent working knowledge of AML/BSA laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity

Skill in:

Experience with AML CDD and EDD, including conducting customer and transactional activity reviews
Excellent organizational, verbal, written and interpersonal skills are required
Must be able to multi-task, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines
Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure
Excellent analytical skills and communication required

Nice to have:

CAMS certification preferred or willingness to obtain within the initial 12 months of hire

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.