As long as the whole wire run is that neat, the soffit probably isn't anything to be concerned about, but personally i would run a cable support on the frame and put the wire in that, instead of how you have it here.
Water doesn't just mean submerged. Water comes from humidity, condensation and dew daily. If it's not rated for that then it will likely fail after some time. It's being used in a way it wasn't designed to be, that has an effect on the lifespan of a device. To mitigate that you could put it inside of some type of conduit.
I typed all of this out, and then decided to check your link for better pictures. That camera comes with ethernet waterproof cable shielding. I'm guessing that is exactly enough to go from the camera to the mounting bracket. So no, none of this cable is rated to be outdoors, this is not a safe way to install it. You either need to run conduit or penetrate the wall behind the mounting hardware and feed it through there.