Spencer Hosack

About Spencer Hosack

At SoFi, our team has excelled in establishing robust risk and control mechanisms, leveraging my CPA and CISA credentials to enhance first line testing management. With a solid foundation in accounting and a keen focus on risk reporting and third-party risk management, we have implemented advanced analytics and executive dashboards that facilitate informed decision-making.Previously, as a Management Consulting Manager at Accenture, our collective efforts led to the successful completion of MRA remediation and risk mitigation activities. We empowered clients with digital technology risk advisory, integrating application control best practices for operational risk prevention. My mission remains to guide companies through the intricacies of digital transformation, ensuring they not only adapt but also lead in the evolving landscape of financial technology.

Experience

1. First Line Testing Manager

   SoFi

   Jan 2024 — Present · US

   Operational Risk & Control Testing Excellence: Led the consolidation of BCT trackers into a unified reporting system, streamlining processes and enhancing decision-making across risk management teams. Drove successful control testing reviews and escalations, ensuring timely closure of critical controls and mitigating risks.Process Optimization & Automation: Overhauled the Control Testing Playbook and templates, aligning them with business and regulatory needs. Pioneered automation initiatives, reducing inconsistencies and improving testing accuracy, compliance, and efficiency.Team Leadership & Development: Actively involved in hiring, mentoring, and coaching team members, with a focus on developing high-potential employees into senior roles. Led performance reviews, goal setting, and resource allocation, ensuring efficient operations and risk mitigation via RAID management.Cross-Functional Collaboration & Strategic Leadership: Spearheaded initiatives to align risk management calendars and optimize resource allocation, reducing audit fatigue and improving coordination across 1LOD and 2LOD teams. Led executive discussions and pipeline reviews to resolve escalations and track program status.Risk Mitigation & Compliance Assurance: Contributed to compliance reviews and control evaluations for key areas. Delivered ad-hoc executive reports on high-priority controls, enabling swift action and enhancing transparency in testing activities.Program Planning & Forecasting: Led annual planning across the team, ensuring effective control testing and resource utilization by forecasting capacity shortfalls and backfilling gaps. Played a key role in the GRC tool vendor selection process, ensuring alignment with BCT testing requirements.Impact: These initiatives significantly improved operational efficiency, risk mitigation, compliance adherence, and team development, driving a culture of continuous improvement and innovation.

Education

• Texas Christian University

  Master's degree, Accounting

• Texas Christian University

  Bachelor of Arts (B.A.), Accounting