AML Sanctions Compliance Senior Specialist

The role:

The Sanctions Compliance Senior Specialist role will be responsible for performing Level 2 escalation reviews of sanctions-related customer and transaction screening alerts, and determining the appropriate course of action in instances of a potential match, including escalations to senior management and filing of regulatory reports with OFAC. In addition, the AML Sanctions Compliance Senior Specialist will assist with the provision of sanctions-related advice and guidance regarding sanctions laws impacting financial crime investigations across SoFi’s diverse products and services, including to the Level 1 team supporting customer and transactions screening. The AML Sanctions Compliance Senior Specialist will also assist with the drafting of sanctions compliance policies and procedures, and help execute ad-hoc projects.

What you’ll do:

• Ensure customer and transaction-related alert determinations are appropriate, fully supported, and clearly documented.

• Respond to Sanctions-related escalations from various business units or compliance teams, including related to investigations and guidance on sanctions risk and compliance requirements.  

• Conduct Sanctions-related due diligence and investigations to evaluate whether alerts or cases are risk-relevant.

• Assist with management and alert handling training for the Level 1 Sanctions team.

• Support the oversight of SoFi’s sanctions screening and reporting program, including identifying list management opportunities, making the final decision on alert dispositioning, escalating potential true matches to management, and completing required regulatory reporting, as applicable. 

• Monitor Sanctions regulations, laws, and best practices, identify new or changing requirements, and collaborate with different teams to ensure ongoing sanctions compliance is implemented.

• Support special ad-hoc projects, including the drafting and maintenance of policies and procedures, liaising with cross-functional teams on initiatives, memorializing sanctions-related risk-based decisions, developing tailored training, as assigned.

What you’ll need:

• Bachelor’s Degree from a four-year college or university in a related field.

• 3-5 years of Sanctions-related experience within a financial institution or government agency.

• Strong working knowledge of OFAC regulatory requirements and experience working with screening tools and relevant technologies.

• Ability to maintain up-to-date knowledge of BSA/AML laws and regulations relative to sanctions, money laundering, and terrorist financing, and the ability to apply this knowledge in assessing transactional activity and sanctions risk exposure to different products and services.

• Demonstrated written and verbal skills to communicate effectively with all levels of the organization and across different business lines.

Specific Skills in:

• Experience with Sanctions-related customer and transaction investigations.

• Excellent organizational, verbal, written, and interpersonal skills are required. 

• Must be able to multitask, adapt well to changing priorities and effectively prioritize workflow to meet deadlines.

• Ability to work in a fast-paced, demanding, and changing environment; must work well under pressure.

• Excellent analytical skills.

Nice to have:

• CAMS/CFE certification preferred (or willingness to become certified within one year of start date).

• FinTech experience.