Senior Compliance Advisor, SoFi Invest

The role:

The Senior Compliance Advisor for SoFi Invest will be responsible for providing retail brokerage advice and guidance to the Invest business and its key functional stakeholders, including Operations, Marketing, and Engineering, Product Development (EPD). This position will report directly to the Chief Compliance Officer for SoFi Invest. The Senior Compliance Advisor will work closely and interface with senior business and functional leaders and their teams to ensure that the firm’s broker-dealer compliance responsibilities, as outlined below,  are executed in accordance with applicable regulations and the firm’s policies, written supervisory procedures and operating procedures.

What you’ll do: 

The Senior Compliance Advisor for SoFi Invest will work closely with their Invest Compliance colleagues to advise and guide key business partners and stakeholders in connection with a wide variety of retail brokerage matters impacting SoFi Securities LLC, our self-directed, digital-first broker-dealer, including the following: 

• Online sales, marketing and trading of numerous brokerage products including stocks, options, mutual funds, ETFs, alternative investments, IPO shares

• Licensing, Registration and Training of Broker-Dealer personnel

• Regulatory Exams and Inquiries, including liaising with relevant regulatory authorities

• Regulatory change management

• Internal Audits impacting the Invest business

• Working in partnership with Trade and Communications Surveillance and Customer Complaints teams

• Monitoring and Testing, including Branch Office Inspections

• Providing guidance on investment advisory matters impacting SoFi Wealth, our registered investment advisor, as needed

This role will also be responsible for driving efficiencies through technology, wherever possible, and will require some traveling to attend branch inspections, team offsites, conferences, etc.

What you’ll need:

A successful candidate for this position will have 10+ years in retail broker-dealer compliance   and 5+ years of related management experience. 

This role is in a dynamic environment in a fast growing business. General knowledge of retail brokerage operations, regulations, and industry best practices will be critical for success in this role. A keen attention to detail, strong organizational skills, and analytical skills will be a must for this position. Additionally, strong communication skills are required for conveying regulatory specific information to cross-business partners. 

• 10+ Years of Retail Broker-Dealer Compliance experience

• 5+ Years of Related Management experience

• Bachelor’s Degree or higher-level education

• FINRA Series 7 and 24

• Experience drafting Written Supervisory Procedures and Reviewing Broker-Dealer Marketing Material and other Communications with the Public

• Strong working knowledge of the Securities Act of 1933 and Securities Exchange Act of 1934

Nice to have:

In addition to the above mentioned requirements, a standout candidate will also have the following experience:

• Online retail brokerage compliance experience is strongly preferred

• FINRA Series 4 (must obtain within 6 months of hire) 

• CRCP Certification

• Working knowledge of CAT and CAIS reporting

• Software Administration experience

• Investment Advisory experience

• Regulatory Response Management experience