Senior Manager, AML 1LOD – Big Business Banking

Role Overview

• Own the First Line AML control framework for designated businesses, including onboarding, periodic reviews, and event-driven reviews of complex and high-risk customers.
• Define and own AML requirements for new products, services, and partnerships, ensuring controls are embedded into product design and technology from inception.
• Serve as the primary author and approver of AML relationship summaries and risk assessments used to gate onboarding and ongoing service decisions.
• Ensure customer and transaction monitoring frameworks align to documented risk profiles and expected activity.
• Apply SoFi’s AML risk appetite in practice, including identifying prohibited or restricted customer types and escalating exceptions when warranted.
• Make and defend risk-based decisions on customer onboarding, expansion of services, enhanced monitoring, remediation, or exit.
• Proactively identify emerging risks and drive mitigation plans before they become audit, regulatory, or operational issues.
• Lead First Line responses to internal audits, independent testing, risk assessments, and regulatory examinations, including ownership of issue remediation.
• Ensure documentation, rationale, and control execution are consistent, defensible, and exam-ready.
• Partner closely with AML Compliance (Second Line) to obtain concurrence on high-risk relationships and material changes.
• Act as the AML subject matter expert and risk partner to Product, Engineering, Design, Operations, and Risk, ensuring AML controls scale with business growth.
• Translate regulatory expectations into clear technical and operational requirements for monitoring, data capture, and controls.
• Drive prioritization of AML initiatives and support leadership decision-making on tradeoffs between risk, customer experience, and business objectives.
• Build and scale a high-performing AML First Line team Big Business Banking team, defining roles and operating standards to support complex, high-risk businesses and regulatory expectations.
• Own key AML risk management technology relationships supporting First Line processes, including transaction and blockchain monitoring tools.
• Stay ahead of emerging AML, sanctions, and digital asset risk trends, advising leadership on strategic implications.
• Contribute to company-wide objectives by solving ambiguous, complex risk problems in creative and practical ways.

Requirements

• Bachelor’s degree in Business, Finance, Economics, or a related field.
• 8+ years of experience in AML, financial crime risk management, compliance, risk, strategy, or regulated financial services.
• Demonstrated experience owning and implementing AML controls within a regulated financial institution.
• Strong understanding of BSA/AML regulatory expectations, including OCC exam standards.
• Experience working with technical and product teams to implement risk and compliance requirements.
• Comfort making independent, defensible risk decisions in high-growth, evolving environments.
• Highly analytical, detail-oriented, and able to clearly articulate risk narratives to senior leadership and regulators.
• Exceptional written and verbal communication skills, including the ability to influence without direct authority.

Benefits

• This role is also eligible for a bonus, long term incentives and competitive benefits. More information about our employee benefits can be found in the link above.