Supplier Risk Management Manager – SoFi
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SoFi (501+ Employees, 52% 2 Yr Employee Growth Rate)
18% 1-Year Employee Growth Rate | 52% 2-Year Employee Growth Rate | LinkedIn | $3B Venture Funding
What Is Employee Growth Rate & Why Is It Important?
Together with our members, we’re changing the way people think about and interact with personal finance.
We’re a next-generation fintech company 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
The role of Manager, Supplier Risk Management will be responsible for partnering with internal business units to lead the onboarding, due diligence evaluation, ongoing monitoring and control activities of SoFi’s Supplier Risk Management Program.
Key oversight support domains include:
- Manage the supplier lifecycle (including supplier approvals and terminations)and lead cross functional communication forums related to the Supplier ecosystem
- Lead strategic execution of Program related initiatives, objectives and roadmap milestones.
- Oversee third party risk assessment execution at initial onboarding and throughout engagement
- Drive response and resolution of internal and external audit inquiries and examinations
- Manage Program escalations, exceptions and non- compliance events in accordance with Policy requirements
- Define, measure and monitor progress of Supplier Risk Management activities (Issue Tracking, Risk Remediation Efforts, Key Supplier Metrics)
- Lead development and execution of enterprise education campaigns designed to increase outsourced risk awareness and Supplier Risk Management Program adherence
- Lead control design to improve the efficacy of risk mitigation activities through both process and system enhancements
- Develop Key Risk Indicators (KRIs) and Key Performance Metrics (KPIs) to drive Program oversight consistency across the supplier ecosystem
- Create reporting materials detailing program oversight activities, supplier ecosystem health and KRIs/ KPIs for various executive management committees
What you’ll do:
- Innovate… Bring your brightest ideas to ensure risk is being managed in alignment with regulatory guidance and best practice throughout third party life cycle (planning, due diligence, contract, on-going monitoring, and termination)
- Make Data Driven Decisions… Design and conduct supplier risk assessments, develop tier/relationship based mitigation strategies and evaluate remediation tracking
- Leave your Mark… Communicate the efficacy of oversight strategies and overall health of the supplier ecosystem through clear and concise reporting
- Provide Effective Challenge… Lead operating process and internal control improvement by reviewing, monitoring and testing internal controls and procedures associated with products, services, customers and operations
- Collaborate… Build effective relationships with stakeholders who own and support key third party relationships; gain commitment from stakeholders to help manage and improve SoFi’s risk posture by understanding business objectives to influence solution strategies
- Be a Risk SME… Work in a self-directed, collaborative, and constructive manner with business units and our internal and external stakeholders to enhance the effectiveness of processes and controls
- Drive Performance Outcomes… Monitor the risk and control environment to ensure that exposures are kept at acceptable levels through issue monitoring administration and exception tracking and the oversight of remediation actions to improve overall Supplier performance
What you’ll need:
- Bachelor’s degree
- Minimum of six years of third party risk management experience in the financial services industry
- Comprehensive knowledge of Third Party Risk Management methodologies, risk mitigation principles and outsourced risk governance best practice
- Experience executing third party risk governance framework activities in consideration of relevant regulations applicable to the financial services industry
- Ability to provide consult to first line in consideration of business strategy and third party risk management objectives
Why you’ll love working here:
- Competitive salary packages and bonuses
- Comprehensive medical, dental, vision and life insurance benefits
- Generous vacation and holidays
- Paid parental leave for eligible employees
- 401(k) and education on retirement planning
- Tuition reimbursement on approved programs
- Monthly contribution up to $200 to help you pay off your student loans
- Great health & well-being benefits including: telehealth parental support, subsidized gym program
*These benefits are only applicable to full time employees
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 health and safety of our employees and their families is our top priority. Due to the ongoing nature of the COVID-19 pandemic, effective on November 1, 2021, U.S. employees must be fully vaccinated and boosted (when eligible) to work from any of our offices, travel for business or attend work-related meetings.