Senior Manager of Treasury, Affirm
$171-284.9k
Salary is partially dependant on applicant’s location. Certain roles are eligible for equity awards upon hire
More information about location
POS installment loans
Job no longer available
POS installment loans
1001+ employees
Job no longer available
$171-284.9k
Salary is partially dependant on applicant’s location. Certain roles are eligible for equity awards upon hire
More information about location
1001+ employees
Company mission
To deliver honest and transparent financial products that improve users' lives.
Role
Who you are
- 5+ years of relevant experience, with a strong understanding of Capital Markets-based funding sources, interest rate and FX risk management or an equivalent background in corporate finance or investment banking
- Bachelor’s degree in Business, Finance, Accounting or related field. CFA or CPA a plus
- Fluency in macroeconomics, financial markets, financial instruments (including derivatives), and risk management techniques
- Strong quantitative background and data-orientation, with proficiency in SQL, Excel and demonstrated modeling and cash flow forecasting experience
- Excellent written and verbal communication skills, with the ability to deliver a clear narrative to a senior audience
- Project management skills, with the ability to manage and deliver on multiple projects with a high attention to detail
- Highly motivated, proactive, and highly collaborative in a dynamic environment
What the job involves
- Manage Affirm's critical cash flows - spanning capital markets activities, new product investments, and the money movement ecosystem
- Oversee and enhance liquidity models and analytics to produce monthly and daily cash flow forecasts to ensure liquidity is appropriately positioned across geographies
- Conduct liquidity stress testing to calibrate liquidity buffers and evaluate the resilience of the organization under adverse conditions
- Lead the development of new liquidity metrics to identify emerging risks
- Maintain a comprehensive view of liquidity sources and uses to enhance liquidity deployment insights
- Maintain and annually recalibrate liquidity risk limits and EWIs
- Prepare and summarize analyses for senior management outlining the company's liquidity position and risk management strategies
- Measure portfolio investment performance and provide regular updates to management
- Recommend and implement updates to investment guidelines as needed
- Support SOX compliance for investment program
- Manage investment income forecasts, portfolio risk and performance reports, conduct ad hoc analyses
- Collaborate with other departments, such as Capital Markets, Strategic Finance, Tax, and Legal, to ensure alignment of liquidity strategies with overall financial objectives
- Cultivate cross functional partnerships and build analytics to enable product ambitions
- Identify, assess, and quantify market risks associated with interest rates, FX exposures, and credit exposure in our investment portfolio
- Develop and implement risk mitigation strategies and policies to mitigate the impact of financial risks on the organization's financial performance
- Run and enhance interest rate sensitivity model to ensure interest rate exposures remain within risk appetite
- Design and calibrate FX risk limits, cash-flow at risk simulations, and develop recommendations for FX risk management actions
- Partner with Funding Planning and Capital Markets teams to develop recommendations for interest rate risk management actions to Capital leadership
- Lead projects to extend US risk management practices to international businesses
- Maintain interest rate risk reporting, conduct ad hoc analyses
- Partner with Accounting, support SOX compliance for interest rate derivatives
- Monitor financial markets and economic conditions to stay informed about emerging risks and trends that may impact the organization
- Provide training and guidance to junior staff on market risk management best practices and ensure risk awareness across the organization
Our take
Affirm offers point-of-sale loans to consumers, working with merchants like Shopify, KAYAK, and Walmart. Buy now, pay later transactions have grown in popularity in recent years, and this business is tapping into the market with a totally different approach to credit - by delivering the Affirm card, the first US debit card with the option to pay-over-time.
Boasting over 21M consumers and 337,000+ merchants, the company offers flexible payback options, ranging from 3 to 36 months. The interest rates run between 0% and 30%, so, while they are not necessarily the cheapest option, Affirm prides itself on having no fees for late payments, no hidden charges, and total transparency about what people will pay before they take out a loan.
Affirm collects payments from the customers and pays the merchants directly, shouldering the risk itself. The company has boosted its market share, expanding its availability beyond the US to include most of Canada, and continues to launch new features and create new partnerships towards bettering its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-11% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Sep 2020
$500m
SERIES G
Apr 2019
$300m
SERIES F
Total funding: $1.1bn
Company benefits
- Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family
- Spending Wallets: Access tech, food, lifestyle, and family planning wallets for your expenses
- Supportive Communities: Get involved with our employee resource groups and community groups
- Remote-first Workforce: If your role is remote, you can set up shop anywhere in your home country
- Generous Time Off: Take the time you need when life happens
- Health Benefits: Get a plan that fits your needs
- Mental Healthcare: Take care of your mind with great mental health programs
- Parental Leave: Birth and non-birth parents get 18 weeks’ paid leave. Plus, a 4-week return-to-work transition program, at full base pay
- Away Days: We offer 20 company-wide paid days off—which help our teams collectively pause to recharge
- Learning & Development: Engage in exciting learning programs to level up your growth
Company HQ
Chinatown, San Francisco, CA
Leadership
Max Levchin
(Co-Founder & CEO)Has founded/co-founded numerous companies, holding various executive positions at each, including Paypal, Slide, Glow, HVF Labs, and SciFi VC. Also worked at large brands including Google, Yelp, Yahoo, and Evernote.
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