Treasury & Hedging Operations Associate

New Business, Treasury, and International Business Unit
Cottonwood Heights, Utah

Description

Who we are

SoFi is a digital personal finance company whose mission is to help its members achieve financial independence to realize their ambitions, whether that be to buy a house one day, start a family on their own terms or be debt free. We aim to be at the center of our members’ financial lives, and to help every member Get Their Money Right®. By joining SoFi, you’ll become part of a forward-thinking company that is transforming financial services by embracing technology to build innovative loan products, investment tools, and more. One of    the fastest growing fintech companies, we’ve grown from 250 employees in 2015 to over 1,500 employees today, and are well on our way to reaching 1 million members. With offices across the US, we offer the excitement of a rapidly growing startup with the stability of a seasoned management team and some of the best talent around. As an employer, we strive to hire employees who are committed to both our company’s mission and our desire to build the best culture in the world. If you are driven, passionate about what you do, and excited about the SoFi mission, we would love to hear from you.

The role

SoFi is seeking a Treasury & Hedging Operations Associate who will be responsible for the daily  operations of the firm’s trading and treasury activities. This role is a key member of the Treasury Operations team, wearing multiple hats  supporting trade settlement, daily margin, hedge pricing processes, data management, and various treasury functions. This role requires you to work closely with cross functional teams within the organization, located in various office locations.  This position requires strong computer skills, attention to detail, and the ability to work independently as well as coordinate and work in a team environment.      

What you’ll do:

Duties will include the below, but not limited to:

  • Conduct all required operational tasks to support SoFi’s Market Risk & Hedging business:

    • Daily tracking of positions and variation margin movements

    • Trade execution support

      • Resolve trade breaks

      • Review and affirm new trades

    • Manage and validate daily collateral calls 

    • Bookkeeping for new trades and daily pricing of all positions 

    • Daily cash and P&L reconciliation between two systems

    • Manage reconciliations of roll forwards for all assets

    • Assist with monthly settlements and rolls

    • Liaise with accounting to assist with month-end reconciliation and close processes

  • Implement/Improve processes for efficiency and accuracy

  • Support system migration 

  • Review monthly cash Account Analysis Statements (AA Statements) and report month over month activities

  • Review and release daily wires and ACH payment requests from cross functional team members within the organization

  • Administrator for online banking systems (25+ bank partners, 150+ bank accounts)

  • Management of Treasury Policies

  • Ad hoc projects


 

What you’ll need:

  • Bachelor’s degree (Finance, Economics, or Accounting preferred)

  • 5 + years of experience working in middle office or back office trading operations, preferably in fixed income and/or rates

  • 2+ years of experience working in treasury, finance, or accounting, a plus

  • Excellent communication and organizational skills

  • Ability to work independently as well as collaborate with other team members to deliver results

  • Strong process, efficiency, and detail orientation

  • Ability to work in a fast-paced environment

  • Positive professional attitude

Nice to have:

  • Experience with Bloomberg

  • Experience with reviewing / confirming trades in MarkitWire

Why you’ll love working here

  • Competitive salary packages and bonuses

  • Comprehensive medical, dental, vision and life insurance benefits

  • Generous vacation and holidays

  • Paid parental leave for eligible employees

  • 401(k) and education on retirement planning

  • Tuition reimbursement on approved programs

  • 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

  • Employer paid lunch program (except for remote employees)

  • Fully stocked kitchen (snacks and drinks)

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

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