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ALM Manager

Company: SoFi
Location: West Jordan
Posted on: June 25, 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 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 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
  • Key contributor to firmwide deposit modeling and pricing
  • Development and implementation of 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
      • 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 accommodations@sofi.com.

        Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.

Keywords: SoFi, West Jordan , ALM Manager, Executive , West Jordan, Utah

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