Senior Manager of Treasury Balance Sheet Analytics, SoFi
$137.6-236.5k
+ Bonus + Long term incentives
Mobile & online personal finance services
Job no longer available
Mobile & online personal finance services
1001+ employees
Job no longer available
$137.6-236.5k
+ Bonus + Long term incentives
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- Bachelor’s degree in Finance, Economics, Accounting, or a related field; Master's degree and/or financial certification such as CFA or FRM designation preferred
- 10+ years of experience working in a Treasury function or a related financial discipline within a banking environment. Focus on capital planning is strongly preferred
- Strong quantitative and analytical skill set. Experience with valuation methodologies and cash flow modeling
- Demonstrated expertise in developing economic return metrics and capital optimization strategies
- Experience with Treasury modeling software such as QRM, Empyrean, or Intex is preferred
- In-depth knowledge of regulatory frameworks, including Basel III, CCAR/DFAST, LCR, and NSFR
- Excellent leadership, communication, and interpersonal skills, with experience managing cross-functional teams
What the job involves
- SoFi is seeking a seasoned Treasury professional to lead strategic initiatives around balance sheet analytics for SoFi Technologies, Inc and its subsidiaries (both bank and nonbank)
- This role will be responsible for quantitative analytics associated with modeling and forecasting SoFi’s balance sheet, including assets and liabilities
- The successful candidate will play a critical role in partnering with Business Units, Capital Markets, and Strategic Finance teams to develop a balance sheet optimization and returns framework that aligns with the bank’s financial strategy and regulatory requirements
- Collaborate with the Business Units, Capital Markets, and Strategic Finance teams to drive strategic projects and lead ALCO initiatives
- Review and enhance existing internal economic capital valuation methodologies for lending and deposit products
- Develop and implement a capital returns framework to assess and compare risk-adjusted returns on capital (ROE, ROA, etc) across products and business lines
- Partner with FP&A and Business Units to incorporate return metrics into strategic planning and forecasting processes
- Contribute to capital forecasting to ensure plans are aligned with profitability targets, risk appetite, and regulatory requirements
- Develop reporting metrics to monitor financial performance and capital consumption
- Prepare and present metrics to senior management and the ALCO committee
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 them 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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