Fair and Responsible Banking Manager, Testing and Monitoring
Salary undisclosed
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Employee Applicant Privacy Notice
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 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
Work closely with the Director of Fair and Responsible Banking (FARB) to support SoFi’s second line FARB program. Engage in enterprise-wide consulting on matters relating to fair lending compliance and work with the Director to complete fair lending testing and monitoring activities. Participate in regulatory examinations and partner with the analytics team to execute the FARB testing and monitoring plan.
What you’ll do:
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 [email protected].
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.
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 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
Work closely with the Director of Fair and Responsible Banking (FARB) to support SoFi’s second line FARB program. Engage in enterprise-wide consulting on matters relating to fair lending compliance and work with the Director to complete fair lending testing and monitoring activities. Participate in regulatory examinations and partner with the analytics team to execute the FARB testing and monitoring plan.
What you’ll do:
- Function as the subject matter expert responsible for completion of fair lending testing and monitoring, e.g., matched pair analysis and other file-level review across lending products.
- Support the first and second-line data analytics teams regarding data quality, mapping, and other related functions.
- Analyze data for potential fair lending concerns.
- Maintain documentation regarding testing and monitoring performed.
- Prepare reports summarizing the results of testing and monitoring, including reporting issues and gaps to senior management.
- Assist with audits and regulatory examinations.
- Oversee and/or execute special projects as assigned.
- Demonstrate SoFi’s core values, support of SoFi’s policies and practices, and encourage a culture of compliance throughout the enterprise.
- Possess and maintain superior knowledge of compliance laws and regulations including Fair Lending, Reg B (ECOA), Fair Housing Act (FHA), HMDA and other applicable consumer compliance regulations.
- Significant experience with underwriting and/or underwriting quality control, and loan pricing practices, particularly for mortgage lending products.
- Five (5) plus years of fair lending experience with a focus on testing and monitoring activities.
- Experience with market penetration analysis and action planning.
- Excellent verbal and written communication skills.
- Strong organizational and analytical skills.
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 [email protected].
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.
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