Fintech unicorn SoFi announced on Thursday it has appointed Aaron Webster as its new Chief Risk Officer. Webster will notably be overseeing all of SoFi’s risk, fraud, and credit management frameworks, and will lead its credit risk and underwriting activities.
Aaron J. Webster
Webster notably joins SoFi from Citigroup, where he was Chief Risk Officer for its U.S. Retail Bank and Mortgage business and led Global Regulatory Analytics. Prior to that, he spent a decade at Toyota Financial Services in senior risk management and operational roles, ultimately serving as Managing Director for Risk Management and Data Science for the company’s U.S. and Americas Region business. Speaking about Webster’s appointment, SoFi CEO, Anthony Noto, stated:
“Aaron brings critical expertise in risk, fraud, and credit that align perfectly to the products we have today and the ones on our roadmap. He’s also a strong leader and culture carrier who can help us continue to build the next great consumer financial services company. We’re thrilled he’s joining SoFi.”
Webster then added:
“SoFi is one of the most dynamic companies in financial services. Anthony and the team impressed me with their vision for putting the member first accompanied with a vigilant focus on risk to protect their members. I am excited about helping the company continue its growth and to build on its culture of innovation, prudent risk management and exceptional member focus.”