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Senior Counsel, Bank and Broker Dealer Regulatory



San Francisco, CA, USA
Posted on Friday, September 1, 2023

Employee Applicant Privacy Notice

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 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

SoFi is seeking an attorney with a strong background in financial regulatory experience, with a focus on bank and broker-dealer regulatory issues, to serve as Senior Regulatory Counsel reporting to our Associate General Counsel. The ideal candidate has a strong financial regulatory background, either in a federal regulatory agency, in-house or serving as outside counsel. The candidate will also assist with general contract review.

What you’ll do:

  • Analyze laws and regulations applicable to bank holding companies, national banks and broker-dealers, advise the company regarding the impact of proposed and new regulations, interact with regulators, and work with business counsel and compliance across multiple functional areas throughout the company

  • Advise on all matters pertaining to bank and broker-dealer supervision, including safety & soundness and regulatory compliance examinations, and preparing and communicating management responses to related reports of examinations, supervisory letters, etc

  • Advise on critical regulatory processes including the examination lifecycle, remediation and clearance of examination findings, and ad hoc regulatory requests

  • Prepare, file, track, and manage all regulatory applications and notices

  • Research and evaluate banking laws and regulations, guidance, interpretive letters, opinions, etc. in the context of assessing risk factors regarding business decisions, operations, and prepare corporate policies and practices

What you’ll need:

  • You should be an intellectually curious self-starter with strong written and oral communication skills

  • JD from an accredited law school

  • Member of the applicable bar

  • Minimum of 4 years financial services and regulatory experience

  • Experience in U.S. bank regulatory law, including (but not limited to) the Bank Holding Company Act, the Federal Reserve Act and the National Bank Act, and regulations issued thereunder by the federal banking agencies.

  • Experience or willingness to learn broker-dealer regulatory issues.

  • Experience in the bank or broker dealer regulatory practice of a major law firm, a major financial institution, or federal banking agency.

  • Familiarity with current regulatory and risk management topics in banking and financial services, including expertise in banking and broker-dealer law and risk management related matters and demonstrated knowledge of applicable regulations and supervisory expectations

Nice to have:

  • Experience with consumer financial services laws.

  • Prior in-house experience

  • Experience with FINRA rules

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.
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
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.