Treasury Manager, SoFi
Capital Management
$105.6-198k
This role is also eligible for a bonus and long term incentives
Mobile & online personal finance services
Posted today
Mobile & online personal finance services
1001+ employees
Posted today
$105.6-198k
This role is also eligible for a bonus and long term incentives
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- 5+ years of related experience, ideally in Capital Management, Treasury, or Financial Risk Management within a bank or fintech
- Deep understanding of regulatory capital frameworks and balance sheet dynamics
- Experience building and owning complex financial models from scratch
- Advanced proficiency in Excel, PowerPoint, and Google Docs/Sheets/Slides. Experience with Empyrean ALM is a plus
- Proven ability to prepare and present complex quantitative information to senior decision-makers
- Collaborative working style and demonstrated ability to build strong cross-functional relationships
- Inquisitive nature, attention to detail, diligence, and a missionary attitude
- Bachelor's degree in Economics, Finance, Mathematics, or a related quantitative field; CFA or FRM preferred
What the job involves
- We are looking for a Manager of Capital Management to join our Corporate Treasury team
- You will lead the development and execution of our end-to-end Capital Stress Testing framework, a critical process for how SoFi Bank and the consolidated entity manage and forecast capital adequacy
- Critical to success in this role is the ability to independently drive complex projects forward and exercise strong problem-solving skills in an evolving environment
- Design and build a multi-year capital stress testing framework (e.g., CCAR/DFAST-style) to evaluate the firm's capital adequacy under adverse economic scenarios
- Drive the end-to-end capital planning and stress testing lifecycle, integrating baseline forecasting, stress testing and scenario analysis
- Partner cross-functionally with risk, strategic finance, and business units to drive capital planning and stress testing results, including the integration of new products
- Develop methodologies for translating macroeconomic scenarios into financial impacts on the balance sheet and P&L
- Execute strategic projects related to capital management, including evaluating capital actions and supporting potential capital markets activity or debt issuances
- Prepare high-visibility reporting and materials for senior management and the Board of Directors
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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