Varo Bank
Base pay range: $100,000.00 - $150,000.00 per year.
What you’ll be doing
Lead the Asset Liability Management strategy by managing and forecasting the firm’s cash & liquidity position, capital, investments and funding needs to support growth. Manage and report on risk metrics for liquidity, interest rate risk and capital management. Develop and run cash flow, balance sheet, and interest rate risk models to optimize and manage liquidity, capital and interest rate risk within risk appetite. Manage the firm’s investment portfolio (primarily Agency MBS, Agency Bullets, Treasuries, CRA, and interest rate hedges) including trading, settlement and collateral movement. Contribute to the bank’s forecasting and stress testing for liquidity and capital purposes. Lead the bank’s Asset Liability Committee meetings including preparing material and leading discussions. Present to the bank’s executives and board of directors quarterly or as needed. Coordinate with key finance partners in accounting and FP&A. Provide ad‑hoc requests and analysis as needed. Required Skills & Experience
Bachelor’s degree in Finance, Accounting, or Economics. Master’s or CFA preferred. 5+ years of Treasury experience at a bank. Experience managing cash and liquidity, fixed income investments, and interest rate risk. Knowledgeable with statistical methods. Strong knowledge of MS Excel, Python, SQL, and Bloomberg. Self‑starter and curious person, looking for career growth. About Varo
Varo is an entirely new kind of bank. All digital, mission‑driven, FDIC insured, and designed for the way our customers live their lives. Varo launches in 2017 with the vision to bring the best of fintech into the regulated banking system. We’re a new kind of bank – all‑digital, mission‑driven, FDIC‑insured, and designed around the modern American consumer. Varo is an equal‑opportunity employer. All applicants will be considered for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, veteran, or disability status.
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Lead the Asset Liability Management strategy by managing and forecasting the firm’s cash & liquidity position, capital, investments and funding needs to support growth. Manage and report on risk metrics for liquidity, interest rate risk and capital management. Develop and run cash flow, balance sheet, and interest rate risk models to optimize and manage liquidity, capital and interest rate risk within risk appetite. Manage the firm’s investment portfolio (primarily Agency MBS, Agency Bullets, Treasuries, CRA, and interest rate hedges) including trading, settlement and collateral movement. Contribute to the bank’s forecasting and stress testing for liquidity and capital purposes. Lead the bank’s Asset Liability Committee meetings including preparing material and leading discussions. Present to the bank’s executives and board of directors quarterly or as needed. Coordinate with key finance partners in accounting and FP&A. Provide ad‑hoc requests and analysis as needed. Required Skills & Experience
Bachelor’s degree in Finance, Accounting, or Economics. Master’s or CFA preferred. 5+ years of Treasury experience at a bank. Experience managing cash and liquidity, fixed income investments, and interest rate risk. Knowledgeable with statistical methods. Strong knowledge of MS Excel, Python, SQL, and Bloomberg. Self‑starter and curious person, looking for career growth. About Varo
Varo is an entirely new kind of bank. All digital, mission‑driven, FDIC insured, and designed for the way our customers live their lives. Varo launches in 2017 with the vision to bring the best of fintech into the regulated banking system. We’re a new kind of bank – all‑digital, mission‑driven, FDIC‑insured, and designed around the modern American consumer. Varo is an equal‑opportunity employer. All applicants will be considered for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, veteran, or disability status.
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