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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
We are searching for a Fraud Strategist, Business &
Commercial Banking to own fraud strategy across SoFi's business banking surface: business onboarding, SMB lending, business
deposit accounts, and commercial money movement. Business fraud is a different discipline from consumer fraud. The unit of risk is
not a person but an entity, its beneficial owners, and the relationships between them, and the attack patterns reflect that:
synthetic and shell businesses at application, straw ownership, bust-out and loan stacking in lending, business email compromise
and vendor impersonation in payments, check fraud, and mule networks operating behind legitimate-looking registrations. You will
design decisioning that verifies the business and the humans behind it as one risk surface, and that follows the entity from
formation data through funding, transacting, and repayment. The work requires fluency in KYB orchestration, beneficial ownership
verification, entity resolution across businesses and owners, commercial payment fraud typologies, and the rule-engine craft to
translate that fluency into production policy. You do not need to have spent your whole career in business banking. Much of what
makes a strong business fraud strategist was learned somewhere else: consumer identity verification, scam and ATO defense,
payments risk, first-party analytics. If you can reason clearly about which of those skills transfer to an entity context and
which do not, you will do well here.
By joining SoFi, you'll join a company changing how people and businesses manage their
money. We offer the pace of a growing startup with the stability of an established leadership team.
What you'll
do:
The Fraud Strategist, Business & Commercial Banking will help SoFi build a durable business fraud defense
by:
- Owning fraud strategy across business onboarding, SMB lending, business deposits, and commercial payments,
designing decisioning that treats the entity, its beneficial owners, and its transaction behavior as a single risk surface rather
than separate checks.
- Leading business identity strategy at onboarding: entity verification against registry and standing
data, beneficial ownership (UBO) verification, TIN and EIN validation, and detection of synthetic businesses, shell and shelf
companies, and recently formed entities dressed to pass KYB.
- Designing detection for commercial payment fraud: business
email compromise, vendor impersonation and invoice fraud, payroll diversion, check fraud (counterfeit, altered, and remote
deposit), and risk-tiered decisioning for ACH origination, wire, and real-time payments from business accounts.
- Building
first-party and credit-abuse defense for SMB lending: bust-out, loan stacking, misrepresented financials and falsified bank
statements, straw ownership, and post-funding identity theft with clean unwind procedures.
- Building the analytics layer
in SQL and Python: entity resolution linking businesses to owners, owners to other businesses, and both to devices and bank
accounts; shared feature tables joining KYB, transaction, and credit data; and rule-level attribution for every strategy
change.
- Partnering with EPD, Fraud Ops, Credit, AML/BSA, and product owners to ship strategy changes through the rules
engine with clean governance, performance monitoring, and clear escalation when losses deviate from forecast.
What you'll need:
- BA/BS in Statistics, Information Systems, Mathematics, Data Science, or related
fields, or equivalent work experience, and 5-8 years of work experience in Fraud Analytics. Direct business or commercial banking
exposure is a strong plus. Deep consumer fraud experience with a clear view of what transfers to an entity context is an
acceptable substitute.
- Business Identity: Hands-on experience with KYB orchestration and business
identity data: secretary of state and registry records, beneficial ownership verification, TIN matching, and vendor stacks such as
Middesk, Baselayer, LexisNexis, and Sentilink, plus document and bank-data verification tools (Inscribe, Truepic, Ocrolus, Plaid).
Deep consumer IDV experience (Socure, Persona, Veriff) paired with a working grasp of how entity verification differs is a
credible starting point.
- Fraud Typologies: Working command of the business fraud taxonomy: synthetic and
shell businesses, straw and nominee ownership, bust-out, loan stacking, business email compromise, vendor and invoice fraud,
payroll diversion, check fraud, and mule activity routed through business accounts. Consumer-side depth in the analogous patterns
(synthetic identity, first-party abuse, scams, ATO) counts, with explicit framing of where those patterns map and where they
break.
- Entity Resolution: Demonstrated track record using entity-level analysis to link one bad actor
across businesses, owners, devices, and bank accounts that look clean in isolation, and to separate genuinely new businesses from
recycled fraud infrastructure.
- Money Movement and Onboarding: Working knowledge of onboarding
orchestration, rules engines (Oscilar, SAFE, Camunda), and the economics of risk-tiered limits for ACH origination, wire, and
real-time payments in a business context.
- Balance Friction and Growth: Deep mastery of evaluating
trade-offs between fraud mitigation and UX, ensuring security strategies protect the business without compromising key conversion
and retention metrics.
- Architect Scalable Data Systems: Expert-level SQL/Python skills used to build
automated, high-volume data architectures and statistical models that serve as the foundation for global risk detection.
- Drive Strategic Influence: A proactive leader who uses cross-functional persuasion to align stakeholders
across product lines and owns the end-to-end execution of complex initiatives in fluid environments.
- Founders'
Mentality: You need to have a positive, proactive attitude, being able to identify problems, raise proposals, and be an
advocate of your initiatives. Learn, iterate, and excel.
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. 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.