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FinTech, Financial Services

Senior Counsel, Sanctions & AML

RemoteRemoteFull TimeSenior$198,400–$341,000 /yrPosted 18 days agoVisa sponsorship available

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Required skills

  • Senior Counsel
  • economic sanctions
  • anti-money laundering
  • AML
  • OFAC
  • Bank Secrecy Act
  • BSA
  • FinCEN
  • OCC
  • Federal Reserve

Nice to have

  • Licensing Division
  • sanctions policy
  • in-house experience
  • digital assets
  • payments
  • cross-border transaction sanctions

Role summary

SoFi is seeking a Senior Counsel with extensive experience in economic sanctions (OFAC) and anti-money laundering (AML) to join its Legal team. This role serves as the primary legal expert on U.S. sanctions and advises on Bank Secrecy Act (BSA) and AML requirements across all SoFi products and business lines. The attorney will collaborate with various departments including Compliance, Risk, Product, and Financial Crimes, and support regulatory examinations and engagements with federal banking regulators and OFAC. Key responsibilities include advising on sanctions programs, compliance obligations, internal investigations, license requests, and BSA/AML regulations. The role also involves reviewing policies, providing legal guidance on new initiatives, identifying and mitigating risks, and managing outside counsel.

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The role:SoFi is looking for a Senior Counsel with deep experience in economic sanctions and anti-money laundering (AML) to join the Legal team. This attorney will be the company's go-to legal expert on U.S. sanctions administered by the Office of Foreign Assets Control (OFAC). They will also advise on Bank Secrecy Act (BSA) and AML requirements across SoFi's products and lines of business. The role works closely with Compliance, the BSA/AML Officer, Risk, Product, Engineering, Operations, and Financial Crimes teams. It also supports regulatory examinations and engagement with federal banking regulators and OFAC.What you'll do:

  • Act as the lead legal advisor on OFAC sanctions programs, including country-based and list-based sanctions, the 50 Percent Rule, sectoral sanctions, and secondary sanctions risk.
  • Advise on how sanctions screening, blocking, rejecting, and reporting obligations work in practice. This includes blocked property reports, rejected transaction reports, and annual reports of blocked property.
  • Assess possible sanctions violations. Lead internal investigations and advise on voluntary self-disclosures to OFAC under the Economic Sanctions Enforcement Guidelines.
  • Prepare and submit specific license requests, interpretive guidance requests, and other correspondence to OFAC. Advise on how general licenses apply.
  • Advise on BSA/AML requirements, including customer due diligence (CDD), beneficial ownership, Customer Identification Program (CIP), suspicious activity reporting (SAR), currency transaction reporting (CTR), recordkeeping, and FinCEN requirements.
  • Review and advise on SoFi's sanctions and AML policies, procedures, risk assessments, and screening methods. Partner with Compliance to keep the program effective and in line with regulatory expectations.
  • Give legal guidance on new products, features, partnerships, and markets, such as payments, cross-border activity, digital assets, and fintech partnerships. Identify sanctions and AML risks and practical ways to reduce them.
  • Support regulatory examinations, inquiries, and enforcement matters with the OCC, Federal Reserve, FinCEN, OFAC, and other agencies.
  • Review and negotiate sanctions and AML provisions in vendor, partner, and commercial agreements.
  • Track legislative, regulatory, and enforcement developments, including new sanctions designations, AML Act rulemakings, and enforcement trends. Explain their impact clearly to business stakeholders and senior leaders.
  • Create and deliver training on sanctions and AML legal requirements for internal teams.
  • Manage outside counsel on sanctions and AML matters.

    • What you'll need:

  • J.D. from an ABA-accredited law school, with active membership in good standing in at least one U.S. state bar.
  • 7 to 10 years of legal experience, with substantial and direct focus on U.S. economic sanctions (OFAC) and BSA/AML regulation.
  • Specific, demonstrated OFAC expertise, including:
  • In-depth knowledge of OFAC regulations (31 C.F.R. Chapter V), sanctions programs, and enforcement practice.
  • Hands-on experience preparing license applications, voluntary self-disclosures, and responses to OFAC subpoenas or administrative inquiries.
  • Experience advising on screening, blocking and rejecting decisions, and sanctions compliance program design consistent with OFAC's A Framework for OFAC Compliance Commitments.
  • Strong working knowledge of the BSA, the USA PATRIOT Act, the Anti-Money Laundering Act of 2020, and FinCEN regulations.
  • Experience advising banks, broker-dealers, money services businesses, fintech companies, or other regulated financial institutions.
  • Excellent judgment, with the ability to turn complex legal requirements into clear, practical, risk-based advice for non-lawyers.
  • Strong written and oral communication skills, including experience presenting to senior leaders.
  • Ability to work independently and handle several priorities in a fast-paced environment.

    • Preferred qualifications:

  • Prior work at OFAC (for example, in the Office of Compliance and Enforcement, Licensing Division, Office of the Chief Counsel (Foreign Assets Control), or a sanctions policy role), or at the U.S. Department of the Treasury in a sanctions-focused role. Strongly preferred.
  • Experience in the sanctions, AML, or financial regulatory practice of a leading law firm, or previous in-house experience at a bank, fintech, or other regulated financial services company. Candidates who combine OFAC government service with law firm or in-house experience are especially encouraged to apply.
  • Experience with digital assets, payments, or cross-border transaction sanctions issues.
  • Experience with the export control laws (EAR) and their overlap with sanctions compliance.
  • Familiarity with sanctions screening technology, transaction monitoring systems, and vendor management.
  • Experience supporting regulatory examinations by federal banking regulators.
    • 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 an inclusive culture. 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.
    We are unable to accommodate remote work from Hawaii, Alaska or Puerto Rico 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.
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