Treasury Market Risk Data Analytics Associate, SoFi
$76.8-144k
This role is also eligible for a bonus
Mobile & online personal finance services
Job no longer available
Mobile & online personal finance services
1001+ employees
Job no longer available
$76.8-144k
This role is also eligible for a bonus
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- Bachelor’s degree with coursework and proven proficiency in Finance, Statistics, Data Science, Economics, or related field or equivalent work experience in related fields
- 1-2 years of experience within financial services or consulting
- Proficiency working with complex data sets and the ability to synthesize information into key decision points
- Strong communication skills with the ability to build effectively relationships across all levels of the organization
- Ability to work on multiple projects with a high attention to detail
- Proficiency working with large data sets
- Technical skills with Microsoft Excel, VBA, SQL
- Knowledge of Python, R, and Alteryx a plus
- Presentation skills in Microsoft Powerpoint and Google Docs
What the job involves
- SoFi is seeking an analytical, data driven, self-motivated professional to join our Treasury Market Risk team as a data analytics associate
- This role will provide exposure to the exciting and volatile world of interest rates and capital markets on a daily basis
- The Treasury Market Risk team is responsible for SoFi’s balance sheet hedging activities, investment portfolio management, and production of key asset liability management (ALM) metrics including Net Interest Income (NII) and Economic Value of Equity (EVE)
- The primary responsibility of this role will be to support the management of these market risk exposures through data analytics and the development of reporting metrics
- The role will report into the Sr. Manager of Treasury Market RIsk and Hedging and work closely with Business Units, Capital Markets, and Finance teams
- Identify, analyze, and develop risk reports to monitor the SoFi’s daily market risk exposure
- Develop and automate senior management reporting packages for key metrics including fair market value, NII, EVE, and stress testing
- Monitor the performance of the ALM model by conducting sensitivity testing of model assumptions, liaising with Risk, Product, and Pricing teams as appropriate
- Document and maintain procedures to serve as reference of processes completed in building the forecasted balance sheet, calibrating model assumptions, and embedding controls
- Collaborate with the Business Units, Finance, and Capital Markets teams to drive strategic projects, lead ALCO initiatives, and support a best-in-class ALM framework
- Perform ad-hoc analyses for hedging and investment strategies as needed in a fast and efficient manner
Our take
SoFi started by offering ways for students to secure better financial terms on their loans, and now offers a huge range of personal finance products, including bank accounts, loans, mortgages, investment advice, and investment opportunities. Many customers find they have to go to multiple financial service providers to meet all their finance needs, but SoFi overcomes this issue by putting it all in one place.
Its goal, to cover all the financial bases, sets it apart from many of the traditional banks and even some of their digital competitors, such as Avant, which has chosen to focus on providing credit alternatives. Although it is operating in a competitive market with a lot of big players such as Monzo, Revolut, and Starling, the company has managed to raise huge amounts of funding to support its rapid expansion.
SoFi has focussed on global expansion, moving outside the US, and has made a series of acquisitions to support this - including a Hong Kong-based investment app called 8 Securities. After going public on the New York Stock Exchange via a SPAC merger in June 2021, the company has continued to evolve and release more mission-oriented services into its roster, and strengthened its lending capabilities through a $350 million post-IPO loan. To date, the company has sold over $15 billion in personal loan collateral and continues to strengthen its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
7% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Jan 2021
$369.9m
LATE VC
May 2019
$500m
GROWTH EQUITY VC
Total funding: $2.7bn
Company benefits
- Comprehensive health, vision, dental, life insurance, and disability benefits
- Generous vacation and holidays
- Paid parental leave for eligible employees
- 401(k) and education on retirement planning
- Tuition reimbursement on approved programs, up to $5,250 per year
- Monthly contribution up to $200 to help you pay off your student loans
- Great health & well-being benefits including: telehealth parental support, subsidized gym program
- Flexible time off
- Fertility and family planning options
- Free financial classes
Company HQ
The East Cut, San Francisco, CA
Leadership
Anthony Noto
(CEO)Graduated from the U.S. Military Academy after being a telecommunications officer and captain in the U.S. Army. Has worked as Head of Gobal Telecommunications, Media and Technology at Goldman Sachs, been the COO of Twitter, and also the CFO of the National Football League.
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