Manager, Treasury

Sallie Mae Inc (SLM Corp)•Salt Lake City, UT

48d•Hybrid

About The Position

When you join Sallie Mae, you become a champion for all students. We're on a mission to power confidence as students begin their unique journey. To help them plan their higher education, successfully finish, and prepare for life after school. To help them Start smart. Learn big. Students need guidance navigating this important time in their life. They need someone who acknowledges that their education path is unique. They need a partner willing to evolve and not only meet but surpass their expectations. We're changing. Because students need a better way. We're looking for people who are excited to drive this transformation. To break barriers and think of new ways to adapt, help, and create better experiences for students-and for each other. This is where diverse backgrounds, beliefs, and perspectives matter. It's where you're empowered to bring your authentic self to work. Feeling your best allows you to do your best. Our benefits take care of the whole you-from physical and mental to financial and professional. You'll get opportunities to further your education and career, support for you and your family (including your pets!), paid time off to volunteer for the things that matter to you, and more. We're obsessed with impact and making a real difference. For us, that means putting relationships first, asking "why not?" when tackling challenges, and continuously learning new skills. Come do more than join something, change something. For students, for future generations, for the future of education. 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 SQL queries, support liquidity risk in the A/L model, 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 will be critical to success
Experience utilizing SQL, SAS, and/or Oracle to extract data from databases
Understanding of Treasury functions and a strong governance environment will enhance the candidate's contributions in this role.
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 and to work toward objectives with minimal supervisory support.
Detail oriented with constant focus on accuracy in reporting and analysis, including identifying risks and opportunities to improve processes and tactics.

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, performing sensitivity testing, back-testing, maintain model documentation, creating alternative modeling scenarios, developing management recommendations, and reviewing and interpreting model results.
Extract and manage model data, develop and run SQL queries and SAS 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