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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:
We are seeking a skilled and experienced Senior Advisor, Supplier Risk to join our dynamic team. As a key contributor, you will play a crucial role in the development and execution of a supplier rationalization plan and strategy aimed at optimizing vendors across various dimensions, including quality, capacity, systems, and responsiveness. This role involves working closely with business partners, procurement, legal, third-party risk, and information security teams to facilitate new supplier evaluations and onboarding, ensuring alignment with business requirements and compliance standards.
By joining SoFi, you'll become part of a forward-thinking company that is transforming financial services for the better. We offer the excitement of a rapidly growing startup with the stability of an industry leading leadership team.
What you’ll do:
The Senior Advisor, Supplier Risk, will help SoFi improve vendor management and internal communication by:
- Driving supplier rationalization strategy and execution across enterprise business units.
- Provide risk and operational oversight across the third party lifecycle (from onboarding to offboarding).
- Ensure adherence to service level agreements (SLAs) performance standards, and contractual obligations.
- Drive governance routines to track third party performance, issue remediation and risk mitigation.
- Assist in negotiating favorable terms, pricing, and service level agreements with third parties
- Facilitate new supplier evaluations and onboarding, collaborating with cross-functional teams.
- Collaborate with cross-function teams (e.g., IT, legal, cybersecurity, privacy, procurement) to align risk and control expectations.
- Development and execution of frameworks, tools and reporting for third party engagements.
- Identify and escalate emerging third party risks and control gaps across engagements.
- Establishing process improvements for third parties and enhancing interactions within the organization.
- Providing reporting to various levels of executive and management forums.
What you’ll need:
- 5 + years of third party risk management experience in the financial services industry.
- Comprehensive knowledge of Third Party Risk Management methodologies, risk mitigation principles and regulatory expectations related to the financial services industry
- Proven ability to navigate interagency regulatory guidance.
- Strong working knowledge of supplier management best practices and industry trends
- Proven experience driving initiatives to achieve cost savings and efficiencies through strategic vendor partnerships and innovative solutions
- Proficient in computer skills, including spreadsheets, word processing, and business solutions software.
- Familiarity with navigating and interpreting complex procedures, policies, and agreements.
- Strong team-building, relationship management, and project management skills.
- Robust business analysis and problem-solving abilities, including data manipulation and analysis.
- Ability to multitask, work effectively in a team environment, and adapt to changing priorities.
- Bachelor’s degree
Nice to have:
- Experience in financial services with exposure to fraud prevention, credit strategy, collections and recovery, risk management, and/or a related field
