Independent Risk Management Director, Business Banking

Independent Risk Management Director, Big Business Banking

So Fi

Join to apply for the Independent Risk Management Director, Big Business Banking role at SoFi.

This range is provided by SoFi. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

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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.

SoFi is seeking an energetic, detail‑oriented, self‑motivated, and intellectually curious Independent Risk Management Director to support the development and launch of SoFi’s Big Business Banking (Commercial) products. As part of the Second Line of Defense (2

LOD), this individual will provide oversight across risk types for all product and feature launches as well as partner with 1

LOD risk owners on ensuring we are appropriately identifying, monitoring, and mitigating risks as part of our framework programs as we scale and grow this business.

Your success in this role will rely on deep subject matter expertise in commercial banking risks—including operational, credit, liquidity, fraud, financial crime, technology, third‑party, and regulatory risk. You will apply lessons learned from peers across the industry—benchmarking against industry leaders as well as learning from underperforming commercial payment platforms, ensuring strong risk governance, diversified exposures, and rigorous controls.

• Monitor and address risks, issues, and resolve escalation items resulting from our commercial activities including onboarding, servicing, and payments.
• Oversee the commercial risk management framework and governance for the execution of risk‑related initiatives.
• Provide credible challenge and advisory services on strategic initiatives and ongoing operations.
• Liaise with Regulatory Affairs for any interactions with regulators and/or internal audit—ensuring successful outcomes through careful planning and monitoring.
• Collaborate with business units, Enterprise Risk Management, and commercial teams to define the Enterprise Risk Appetite and tolerance. Monitor Key Risk Indicators (KRIs) against tolerance thresholds.
• Apply lessons learned across the industry to ensure appropriate mitigation to prevent concentration risk and liquidity instability, reducing exposure to rapid outflows or contagion events.
• Assess volatility characteristics of commercial deposits and ensure alignment with liquidity buffers, funding strategies, and asset‑liability management practices; challenge business assumptions around intraday liquidity needs for high‑speed payment rails.
• Challenge processes to evaluate client and partner control environments—particularly for onboarding, transaction monitoring, and payment origination—where upstream weaknesses can expose the bank to regulatory and reputational risk.
• Identify emerging risk themes and ensure timely root‑cause analysis and remediation.
• Support post‑launch reviews and continuous control enhancements as the business scales.

• Bachelor’s degree with 10+ years experience in commercial banking including functional responsibility in risk management.
• Deep knowledge of commercial banking products, payment operations, KYC/AML expectations, treasury operations, and institutional client risk drivers.
• Demonstrated expertise in concentration risk, liquidity risk, and operational/financial crime risks in commercial or high‑velocity payment environments.
• Ability to independently challenge business growth assumptions and identify latent risks associated with scale, client mix, or insufficient controls.
• Exceptional interpersonal, verbal…