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Innovation Endeavors

Manager, Treasury Risks and Capital Oversight



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Accounting & Finance
New York, NY, USA
Posted on Friday, January 12, 2024

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Who we are:

Shape a brighter financial future with us.

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:

SoFi’s Treasury Risks and Capital 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 and Capital Oversight will execute a wide range of risk oversight and risk governance activities in the market risk and capital adequacy areas and will report to Senior Director, Treasury Risks and Capital Oversight 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 interest rate risk and price risk. Develop monitoring tools and challenger models, including data sourcing, calculation and reporting.

Review risk models and end-user applications utilized by 1st line of defense to manage risk, including product-specific assumptions, application of stress scenarios, asset valuation and hedging strategies

Perform periodic review and challenge activities of the Company’s treasury risks and capital management framework components with the focus on interest rate risk and price risk, including assessing the adequacy and effectiveness of risk controls.

Assist the team in executing 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

What you’ll need:

  • 5+ years of experience in the treasury or risk management functions of large financial institutions focusing on asset-liability management and/or market risk. Working experience in managing and/or governing repricing risk, curve risk, optionality risk, basis risk, funding spread risk and price risk.

  • Deep understanding of accounting principles 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

  • Working experience with US and Basel regulations governing interest rate risk, market risk and capital stress testing

  • Experience in working with large datasets and producing data-driven insights. Proficiency in VBA, SQL, Python, R, Tableau, C++, Alteryx

  • Excellent written and verbal communication skills, including the ability to effectively summarize complex topics and produce materials for various levels of governance forums and executives

  • Degree in a quantitative discipline or an economic discipline with a demonstrated ability to apply quantitative methods in solving complex problems

  • Experience in leading and successful execution of projects including collaborating with stakeholders across the organization

  • Experience in coaching and developing junior team members

  • Preferred: Experience in building or reviewing statistical models and complex end-user calculators

  • Preferred: FRM or CFA certifications

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
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.

This job is no longer accepting applications

See open jobs at SoFi.