Manager, Treasury

Sallie Mae • Salt Lake City, UT

93d • Hybrid

About The Position

This asset liability management position carries responsibility for modeling and exploring strategies to manage the interest rate risk of Sallie Mae Bank. Running the Asset & Liability market risk model is a primary role, including assisting in the development of risk management strategies, interfacing with other bank and affiliate departments to understand key business developments affecting the Bank and its financial products and instruments, refinement and reporting of all critical modeling assumptions, executive reporting and ad hoc market risk analysis for the Treasurer and Asset and Liability Committee, and supporting the Sr. Manager, Treasury in all model risk management, validation, audit and regulatory examination processes. The candidate is expected to analyze and report on the characteristics and behavior of new and existing products related to market changes, develop and run SAS reports as needed, support liquidity risk in the A/L model, support the cash forecasting process, and participate in departmental and cross-functional projects. The candidate will assist the Sr. Manager in documentation and compliance with the controls, policies, procedures, and regulatory guidance relevant to responsibilities. The position must be able to communicate effectively with internal and external parties as well as be able to manage multiple tasks simultaneously while guaranteeing timely completion of each.

Requirements

• Bachelor's degree in Accounting or Finance
• 5+ years of interest rate risk management and financial analysis experience
• Experience developing and running an Asset/Liability model or other complex financial model
• Advanced knowledge of Microsoft Office applications, particularly Excel
• Demonstrated ability to utilize G/L and other databases to generate analyses and reporting
• Understanding of bank balance sheets, financial instruments, and risk management principles
• Experience utilizing SQL, SAS, and/or Oracle to extract data from databases
• Understanding of Treasury functions and a strong governance environment
• Solid understanding of financial concepts and the ability to design and carry out complex analyses
• Ability to balance multiple priorities simultaneously to meet tight deadlines
• Detail oriented with constant focus on accuracy in reporting and analysis

Nice To Haves

• MBA, Master of Finance, or CFA
• Prior experience with Empyrean ALM software
• Prior experience with Tableau

Responsibilities

• In coordination with the Sr. Manager, running, updating, and developing interest rate risk model, sensitivity testing, back-testing, documentation, creating alternative modeling scenarios, developing management recommendations, and reviewing and interpreting model results.
• Manage model data, develop and run SQL and Oracle reports.
• Supports all audit and examination processes; assembles and prepares materials in response to requests and questions.
• ALCO Support - executive reporting, ad hoc analyses and other projects as assigned.

Benefits

• Competitive base salaries
• Bonus incentives
• Generous PTO, Floating Holidays and 12 Federal Holidays observed
• Support for financial-well-being and retirement 401k with employer match
• Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
• Employer paid short-term/long-term disability and basic life insurance
• Flexible hybrid working arrangements
• Paid parental leave and adoption reimbursement programs
• Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
• Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
• Tuition Reimbursement and Family Scholarship Programs
• Career development and training opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree