Manager of Treasury Risks Oversight, SoFi
$115.2-216k
Plus bonus
Mobile & online personal finance services
Job no longer available
Mobile & online personal finance services
1001+ employees
Job no longer available
$115.2-216k
Plus bonus
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- 5+ years of industry and/or risk consulting experience in the areas of bank treasury, liquidity risk, interest rate risk, market risk, and/or capital management. Exposure to credit risk and non-financial risks management is a plus
- Extensive experience in managing financial risks, including the working knowledge of accounting principles, liquidity and capital exposures inherent to bank and broker-dealer balance sheet and off-balance sheet products, such as unsecured and secured funding and lending, contingent assets and liabilities, fixed income, credit and interest rate derivatives and other products
- Extensive knowledge of and experience in implementing leading business practices in treasury risks, as well as in implementing US and international regulations governing interest rate risk and capital stress testing, such as Basel Standards on IRRBB, SR 12-7: Supervisory Guidance on Stress Testing and other regulations and rules
- Executive presence and excellent written and verbal communication skills, including the ability to effectively deliver presentations on complex topics and produce materials for various levels of governance forums and executives
- Advanced degree in a quantitative discipline or an economic discipline with a demonstrated ability to apply quantitative methods in solving complex problems
- Proven record of leading and successful execution of projects including collaborating with internal and external stakeholders
- Experience in people management, including performance development
- Preferred: Certifications such as FRM, CFA or CPA
What the job involves
- SoFi’s Treasury Risks Oversight team performs risk oversight and risk governance activities related to credit, market, liquidity, strategic, operational, reputational and other key types of risks inherent to the Company’s product mix
- Manager, Treasury Risks Oversight will lead a wide range of risk oversight and risk governance activities in the areas of liquidity risk, interest rate risk and capital adequacy and will report to a leader who leads the 2nd line of defense in the treasury risks and capital adequacy space
- Perform continuous monitoring of the Company’s exposures in treasury risks and capital with the focus on asset-liability management, market risk hedging strategies and capital planning. Develop monitoring tools and challenger models, including data sourcing, calculation and reporting. Challenger models to manage interest rate risk may include models utilizing statistical methods
- Review risk models and end-user applications utilized by 1st line of defense to manage risk, including prepayment and deposit model assumptions, application and adequacy of stress scenarios and valuation of assets
- Lead periodic review and challenge activities of the Company’s treasury risks and capital management framework components, including assessing the adequacy and effectiveness of risk controls
- Lead risk governance activities such as risk identification, risk taxonomy, risk appetite limits setting and calibration and reporting to various levels of the Company’s governance forums
- Collaborate across the company and drive the project-based work such as new business initiatives, regulatory commitments and other non-periodic deliverables
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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