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Job Title: Senior Manager, Capital Management & Stress Frameworks
Position Overview
SoFi is seeking a seasoned Treasury leader to oversee the Capital Management & Stress Frameworks for SoFi Technologies, Inc. and its subsidiaries (both bank and nonbank). This role will have responsibility for balance sheet management associated with firm wide capital & liquidity risks. The successful candidate will play a critical role in optimizing capital structure, ensuring liquidity resilience, and aligning the bank’s financial strategy with regulatory requirements and organizational goals.
Key Responsibilities
1. Capital Management Framework:
a. Develop, implement, and maintain the bank’s comprehensive capital management framework, ensuring alignment with strategic goals, regulatory requirements, and risk appetite.
b. Lead the capital planning process, including stress testing and scenario analysis, to assess and ensure capital adequacy under various economic and operational conditions.
c. Optimize the capital structure, including Tier 1 and Tier 2 capital, and oversee capital allocation strategies that support business growth.
2. Liquidity Stress Methodology & Framework:
a. Develop and manage the bank’s liquidity stress testing framework & product methodologies, integrating it into the overall risk management and financial planning processes.
b. Establish methodologies for assessing liquidity risk under normal and stressed scenarios, ensuring alignment with regulatory expectations and best practices.
c. Evaluate the effectiveness of contingency funding plans and recommend enhancements to strengthen liquidity resilience.
3. Regulatory Compliance:
a. Ensure compliance with capital and liquidity regulatory requirements & industry best practices.
b. Prepare and submit regulatory reports and maintain productive relationships with regulators through transparent and effective communication.
4. Aligning Stress Testing & Scenario Analysis:
a. Coordinate enterprise-wide stress testing exercises across the capital and liquidity frameworks, considerations opportunities for alignment & deviation
b. Assess the impact of macroeconomic, idiosyncratic, and systemic risks on the capital and liquidity positions.
c. Use stress testing results to inform strategic decision-making, identify vulnerabilities, and guide risk mitigation actions.
5. Risk-Weighted Asset (RWA) Optimization:
a. Evaluate RWA calculations and their impact on capital and liquidity requirements, identifying opportunities to optimize RWA without compromising risk controls.
6. Leadership and Collaboration:
a. Lead and mentor a team of professionals in capital management and liquidity stress testing methodologies.
b. Collaborate closely within Treasury and cross functionality with Finance, Risk Management, Controls, Audit, Credit, and Business Units to ensure frameworks remain in line with SoFi’s risk profile.
Qualifications
●Bachelor’s degree in Finance, Economics, Accounting, or a related field; MBA, CFA, CTP, or FRM designation strongly preferred.
●10+ years of experience in capital management, liquidity stress testing, or a related financial discipline within a banking environment.
●In-depth knowledge of regulatory capital and liquidity frameworks, including Basel III, CCAR/DFAST, LCR, and NSFR.
●Demonstrated expertise in developing and managing risk identification evaluations, stress testing methodologies, liquidity risk assessments, and RWA optimization strategies.
●Strong analytical and strategic thinking skills with a proven ability to influence decision-making at the executive level.
●Excellent leadership, communication, and interpersonal skills, with experience managing cross-functional teams.
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 RightsSoFi 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 [email protected].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.
