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Senior Associate, Treasury ALM

SoFi

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Accounting & Finance

New York, NY, USA

Posted on Thursday, November 16, 2023

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Who we are:

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Together with our members, we’re changing the way people think about and interact with personal finance.

We’re a next-generation fintech company using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.

The role:

The role of Treasury ALM Senior Associate reports to the Senior Director of Treasury ALM and Hedging. The primary responsibility of the role is to support the Treasury department in the management of interest rate risk through the production, analysis, and reporting of key metrics including Net Interest Income (NII) and Economic Value of Equity (EVE). The role will collaborate and work closely with Business Units, Capital Markets, and Finance teams.

What you’ll do:

Collaborate with the Business Units, Finance, and Capital Markets teams to drive strategic projects, lead ALCO initiatives, and support a best-in-class ALM framework
Identify, analyze, and monitor the interest rate risk position of the Bank’s balance sheet through Net Interest Income (NII) and Economic Value of Equity (EVE) simulations, balance sheet gaps, sensitivity analysis, and stress testing analysis.
Monitor the performance of the ALM model by conducting sensitivity testing of model assumptions, and liaising with Risk, Product, and Pricing teams as appropriate
Assist in analyzing and decomposing the deposit book with a focus on liquidity and interest rate sensitivity.
Document and maintain procedures to serve as reference of processes completed in building the forecasted balance sheet, calibrating model assumptions, and embedding controls
Develop and automate management / ALCO reporting packages for ALM and market risk metrics
Formulate recommendations and lead discussions to enhance the firm's ALM and Market Risk / Hedging strategies
Optimize balance sheet management, ROE, net interest margin, and capital allocation using the firm's tools and resources.

What you’ll need:

Bachelor’s degree with coursework and proven proficiency in Finance, Accounting, Economics, Statistics, or related field or equivalent work experience in related fields.
2+ years work experience with a bank, asset manager, or similar financial institution preferably with fixed-income trading and/or risk management experience
Strong Microsoft Excel skills are a must
Excellent verbal and written communication skills
Self-starter with an entrepreneurial attitude, good commercial judgment
Ability and willingness to learn and perform in a fast-paced environment.
Ability to work on multiple projects with a high attention to detail.
Ability to meet tight timelines and prioritize workloads

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.

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

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.