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Senior Associate, Structured Finance
Senior Associate, Structured Finance-April 2024
Sterling
Apr 18, 2025
About Senior Associate, Structured Finance

  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 position supports Sallie Mae Bank’s asset backed funding program and loan sales program by executing analysis of the securitizations, investor reporting, and trust performance. The individual is expected to build a thorough knowledge of the operations of Sallie Mae and its business practices as they progress their career with the company

  The individual is expected to demonstrate the ability to learn how to accurately reverse engineer ABS debt structures, and effectively interpret and report results. The Senior Associate is expected to be proficient in Excel to maintain models, performance, and reporting tools, solve issues, and develop enhancements to improve efficiency and analysis.

  The Senior Associate is expected to interact with the Corporate Finance, Legal, Accounting, Tax, Compliance, and Audit departments as well as with external investment banks, trustees, accountants, and counsel. The individual must have the ability to think clearly and independently and possess strong communication skills. The individual should possess the ability to work in a time-sensitive, deadline driven environment.

  What You'll Do

  New Securitizations and Loan Sales (40%)

  Assist in all front and middle-office activities for new ABS issuances

  Execute loan to file review with the accountant

  Execute pool analysis package to the rating agencies and structuring bank

  Ensure legal disclosures supporting the transaction are accurate

  Coordinate with internal and external key stakeholders to ensure proper deal closing

  Monthly Securitization and Loan Sale Reporting (30%)

  Execute monthly reporting and distribution to key external stakeholders

  Compile monthly market pricing data and share with internal stakeholders

  Analyze deal performance and execute Fair Market Valuation

  Assist in response to internal and external audits conducted on an annual basis for the securitization program and conduit facility (10%)

  Ad-hoc analysis as requested by leadership (10%)

  Identify deficiencies and work with team to come up with enhancement (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.

  Education:

  Bachelors’ Degree in Finance, Data Analytics, Statistics, Mathematics or related fieldExperience:

  Fundamental understanding of the finance market, especially the ABS (asset-backed securities) sector

  Minimum of 2 years of analytics experience

  Knowledge, Skills and Abilities:

  Strong financial analysis skills

  Proficient in Microsoft Office, including but not limited to Excel, Access, and PowerPoint

  Knowledge of SAS (preferred)

  Excellent attention to detail and organizational skills

  Ability to work collaboratively and independently

  Self-starter with strong communication, interpersonal and problem-solving skills

  Excellent time management skills; ability to handle multiple tasks in a fast-paced environment under strict deadlines

  The Americans with Disabilities Act

  The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the “essential functions” of a job. A function may be essential for any of several reasons, including: the job exists to perform that function, the employee holding the job was hired for his/her expertise in performing the function, or only a limited number of employees are available to perform that function.

  Not the right fit? Let us know you're interested in a future opportunity by clicking Introduce Yourself in the top-right corner of the page or create an account to set up email alerts as new job postings become available that meet your interest!

  Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. Click here (https://salliemae.com/legal/pay-transparency-policy/) to view the U.S. Pay Transparency Policy, here (https://mandatoryview.com/productview) for federal job applicant notices, and here (https://acrobat.adobe.com/link/review?uri=urn%3Aaaid%3Ascds%3AUS%3A5637b18d-10f3-4877-a3fe-481683f1eb1c) to view the California Employee Privacy Notice.

  Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process. To request an accommodation please call (855) 756-2007 and choose option 9. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

  Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. If you'd like more information about your EEO rights as an applicant, please click https://https/www.eeoc.gov/employees-job-applicants. https://https/www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf. Click https://https/www.salliemae.com/legal/pay-transparency-policy/ to view the U.S. Pay Transparency Policy.

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