Job details

Second Line Loan Review Emerging Risk Analyst

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:

As the Emerging Risk Analyst, you will play a vital role in identifying, assessing, and mitigating emerging risks that could impact the organization. Positioned within the Second Line of Defense, your primary responsibility will be to identify credit-related weaknesses through data mining, creating monitoring dashboards and identifying targeted loan review areas to ensure the organization's resilience in a continuously evolving economy. You will collaborate closely with various stakeholders, including the First Line of Defense, to ensure that emerging risks are proactively identified and integrated into the broader risk management strategy.

This role supports the Emerging Risk Lead by looking around the corner at potential emerging risks that could impact the health of the bank’s portfolios and lending. A successful candidate should possess a strong curiosity for data, along with a solid understanding of data warehousing. Additionally, they must have the ability to effectively translate data trends into actionable insights for the business.

What you’ll do:

The role identifies relevant trends that affect the quality of the loan portfolio and highlights segments of those portfolios that are potential problem areas and assesses the adequacy of and adherence to internal credit policies and loan administration procedures.

Design and implement data collection and processing pipelines
Strong experience owning product analytics workflows including formulating success metrics, socializing them across the organization, and creating dashboards/reports
Evaluate and interpret the results of data analysis
Build data pipelines to deploy production level datasets for emerging risk dashboard
Monitor external and internal environments for new and emerging risks
Analyze datasets to identify patterns, trends, and anomalies that may indicate potential risk.
Build out data driven monitoring metrics against underwriting and regulatory policy requirements
Recommend improvements to lending policies and practices based on credit challenges with policy owners and document the findings.
Data validation on all monitoring metrics ensuring consistent definitions with business partners

What you’ll need:

Bachelor's degree in Finance, Accounting, Business, or a related field.
5+ years in credit risk management, credit analysis, or a related field within a financial institution, with a strong background in consumer lending and risk assessment.
Previous experience in Operations, Compliance, or Risk
Strong knowledge of database management and data warehousing for effective data extraction.
Strong analytical and problem-solving skills, with the ability to interpret complex data and trends.
Attention to detail and a commitment to maintaining high-quality standards.
Demonstrated ability working with Tableau Creator
Experience using SQL to extract actionable information from relational databases
High motivation to learn, drive change, and able to work collaboratively in a complex and fast-paced environment
Strong cross-functional, teaming, and communications skills, as well as an ability to work in a fluid and highly collaborative environment
Ability to operate independently with excellent time management skills
Excellent written and oral communication skills, including strong presentation skills

Nice to have:

Knowledge of OCC regulations and guidelines related to credit risk management.

Compensation and Benefits

The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.

To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!

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 Company hires the best qualified candidate for the job, without regard to protected characteristics.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

New York applicants: Notice of Employee Rights

SoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email accommodations@sofi.com.

Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.

Internal Employees

If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.

Average salary estimate

$105000 / YEARLY (est.)

min

max

$90000K

$120000K

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What You Should Know About Second Line Loan Review Emerging Risk Analyst, SoFi

Are you ready to take your analytical skills to the next level? Join SoFi as a Second Line Loan Review Emerging Risk Analyst in Frisco, TX, where you will play an essential role in safeguarding our financial integrity. At SoFi, we believe in reshaping personal finance for our members, and your expertise will be critical as you identify, assess, and mitigate emerging risks that could impact our organization. In this position, you'll dive deep into data mining and analytics, crafting monitoring dashboards that highlight potential risks within our loan portfolios. You'll collaborate with various stakeholders, ensuring that we stay ahead of developing threats and integrating your insights into our wide-reaching risk management strategy. The ideal candidate has a strong knack for data and an understanding of data warehousing, translating complex data sets into actionable strategies for our business. You’ll design and implement data collection and processing pipelines, analyze trends within loan portfolios, and provide recommendations that enhance our lending practices. If you're motivated by curiosity and committed to making an impact in a fast-paced, dynamic environment, we’d love to see you thrive in this rewarding role at SoFi.

Frequently Asked Questions (FAQs) for Second Line Loan Review Emerging Risk Analyst Role at SoFi

What responsibilities does the Second Line Loan Review Emerging Risk Analyst at SoFi have?

The Second Line Loan Review Emerging Risk Analyst at SoFi is responsible for identifying credit-related weaknesses and emerging risks that could affect the organization. This includes data mining, creating monitoring dashboards, and collaborating with stakeholders to integrate risk insights into the company's broader risk management strategy.