Manager, Treasury

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.

What You'll Contribute

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.

What You'll Do

• 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. (% of Time Spent: 70%)

• Manage model data, develop and run SQL and Oracle reports. (% of Time Spent: 10%)

• Supports all audit and examination processes; assembles and prepares materials in response to requests and questions. (% of Time Spent: 10%)

• ALCO Support – executive reporting, ad hoc analyses and other projects as assigned. (% of Time Spent: 10%)

The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.

What You Have

Minimum education, skills and experience required.

• 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

• Advan…