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The role:
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 Compliance Testing 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 broker-dealer regulations, including but not limited to FINRA Rules and other regulations derived from the Investment Company Act of 1940 or Securities Exchange Act of 1934, as well as applicable state regulations of broker-dealers.
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:
Bachelor’s degree
At least 5-8 years of compliance testing or auditing experience, specifically within financial services or a regulated banking institution
Solid regulatory subject matter expertise with trading/brokerage operations, investment management
Strong problem-solving, critical thinking, and communication skills
Nice to have:
Solid working knowledge of brokerage products (e.g., options and mutual funds) processes (e.g., order routing, consolidated audit trails) and investment advisor operations; and their applicable laws and regulations.
