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Manager, Treasury Risks Oversight
SoFi
Accounting & Finance
New York, NY, USA
Posted on Oct 18, 2024
Employee Applicant Privacy Notice
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The role:
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.
Key responsibilities include:
- 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.
What you’ll need:
- 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
Compensation and Benefits
The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.
To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!
SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.
The Company hires the best qualified candidate for the job, without regard to protected characteristics.
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
New York applicants: Notice of Employee Rights
SoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email accommodations@sofi.com.
Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.
Internal Employees
If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.