Director, Treasury ALM & Hedging

Company: SoFi
Location: West Jordan
Posted on: May 12, 2022

Job Description:

Employee Applicant Privacy Notice 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 nearly 3 million 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 Director of Asset-Liability Management (ALM) and Hedging will manage and develop several critical and evolving balance sheet management functions including firmwide Funds Transfer Pricing (FTP), Earnings-at-Risk, NII, and EVE sensitivity modeling, deposit pricing, DV01 risk modeling on firm assets and hedges, investment portfolio management, forecasting of potential and expected hedging outcomes. This role will also own the design and execution of the firm---s asset and liability hedging strategies by trading in multiple rates, credit, and fixed income instruments, building and maintaining relationships with trading counterparties, and ensuring appropriate governance and controls surrounding critical trading and operational processes. This role reports to the Corporate Treasurer and spans all firmwide businesses and entities. This dynamic role requires a leader who can collaborate across multiple senior stakeholders, business units, capital markets, treasury, FP&A, accounting, legal, risk, and other teams to develop a team of talented professionals and drive several transformational objectives related to the bank and firmwide balance sheet strategy. What You---ll Do Oversee and execute day to day hedging activities, facing off directly with trading counterparties Be connected to and intimately familiar with markets, economic / macro factors, and formulate well informed views to influence hedging decisions Own measurement of and reporting for firmwide interest rate risk (DV01, EaR, EVE, NII, etc.) Monitor and manage corporate investment portfolio and participate in various NII generating strategies Perform ad-hoc analyses and make hedging recommendations Be familiar with and own trading legal agreements including ISDA, CDEA, MSFTA, clearing agreements, etc. Collaborate closely with other areas of Treasury including Liquidity, Treasury Ops, Funding to optimize the firm---s funding sources to maximize earnings and manage gap risks Utilize the firm---s balance sheet to develop and drive key performance for ROE, NIM, etc. objectives Oversee and maintain parts of the firm---s FTP model and framework Partner with engineering, data, and other technical resources of the firm to automate modeling and reporting requirements Manage a talented and driven team of professionals while exhibiting SoFi---s core values and cultivating a best-in-class culture Facilitate Asset Liability Committee (ALCO) meetings across the firm and bank Create presentation material and and effectively communicate/present to Regulators and Senior Executives What You---ll Need 10 years of work experience in ALM, treasury, deposit modeling, trading, funding, capital markets, fixed income portfolio management, or funds transfer pricing 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 Ability to manage complex end-to-end projects (data capture, model design, technology development, validation, implementation, and use) Knowledge of processes, tools, and techniques used to analyze and evaluate market and industry trends and risks Experience with calculating various interest rate risk sensitivities including DV01, EaR, EVE, and NII Familiarity with applicable banking regulations including SR10-1 interagency guidance, Basel, and enhanced prudential standards of the Dodd-Frank Act a plus Expertise in 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 Outstanding communication, presentation, and organizational skills Experience working directly with regulators and examination teams 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 These benefits are only applicable to full time employees 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 health and safety of our employees and their families is our top priority. Due to the ongoing nature of the COVID-19 pandemic, and because unvaccinated employees pose a direct threat to the health and safety of others in the workplace, effective on November 1, 2021, U.S. employees must be fully vaccinated to work from any of our offices, travel for business or attend work-related meetings. The company will make reasonable accommodations when possible for employees who are unable to be vaccinated because of a disability, pregnancy, sincerely held religious belief, or for other legally required reasons 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 accommodationssofi.com. Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.

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