ALM Manager

New Business, Treasury, and International Business Unit
Cottonwood Heights, Utah
San Francisco, California

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 an ALM Manager who will be responsible for developing and maintaining the firm’s Asset-Liability Management framework and strategy. Working closely with the business units, finance, and capital markets teams, this member of SoFi’s Treasury team will own the modeling of the firm’s asset and liability base - including loans, deposits, credit agreements, derivatives, ABS / other debt, and investment management products. The ALM Manager will be responsible for performing and reporting periodic Earnings-at-Risk, EVE, and other NII/NIM results to internal and external stakeholders, and will also play an influential role in developing and executing the firm’s deposit pricing strategy. This role requires someone who will be able to work collaboratively with various teams and divisions of the firm who are often located in other offices, to help establish a robust ALM strategy and sensitivity framework.

What you’ll do:

  • Analyze balance sheet positions in support of financial and liquidity management of the firm

  • Primary owner of firmwide deposit modeling and pricing

  • Develop a Funds Transfer Pricing (FTP) framework

  • Model balance sheet risks associated with the firm’s business activities

  • Model and report firmwide NII sensitivity, Earnings-at-Risk (EaR) / EVE over various time horizons and assumption scenarios

  • Apply ALM and balance sheet optimization best practices to enhance the firm’s liquidity strategy

  • Optimize the firm’s funding sources to maximize profitability and manage gap risks

  • Utilize the firm’s balance sheet to optimize ROE, net interest margin, etc.

  • Partner with engineering, data, and other technical resources of the firm to automate modeling and reporting requirements

What you’ll need:

  • 7-10 years of work experience in ALM, liquidity risk/strategy, treasury, funding, capital markets, or risk management disciplines at a bank, asset manager, or other financial services institution

  • Bachelor’s degree in economics, finance, mathematics, accounting, or related field; CFA, MBA, or FRM a plus

  • Experience modeling balance sheet dynamics, cash flows and liquidity risks preferred

  • Experience modeling deposit products, interest rate sensitivity, and funds transfer pricing (FTP)

  • Knowledge of and experience with LCR, CCAR, or enhanced prudential standards of the Dodd-Frank Act a plus 

  • Exposure to rates/credit / fixed income markets, securitized assets and/or warehouse funding activities

  • Computer skills, including advanced Excel, Word, and Powerpoint required

  • Strong analytical and problem-solving skills

  • Excellent communication and organizational skills

  • Experience working directly with regulators and examination teams encouraged

  • Ability to work in a fast-paced environment

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)

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

SoFi does not seek salary history information from job applicants.

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.

Apply for this position