[Remote] Senior Manager, Credit Cards, Treasury & Capital Markets at Wealthsimple

Remote

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

Passion for Wealthsimple, fintechs, technology, and AI
Ability to thrive in a fast-paced and highly ambiguous settings, building products and processes from the ground up with limited guidance
Proven creative problem solver, who is resourceful in overcoming obstacles and can push the boundaries of conventional thinking
Exceptional communication and relationship management skills
Strong critical thinking skills with superior attention to detail
8+ years of Treasury and Capital Markets experience with direct external counterparties negotiation and engagement
Robust asset-backed financing and securitization knowledge and experience, track record of successfully executing new facilities from front to back (e.g. corporate debt facilities, warehouse facilities, ABS/securitization)
Prior experience in negotiating capital markets financing transactions: ISDA, securities lending/repo agreements
Deep experience standing up a financial product or program, leading a large scale project from start to finish

Responsibilities

Apply a growth mindset, experiment with new ideas, explore new approaches to challenge the status quo to continuously improve
Work in a fast-paced organization and growing Treasury team to build best-in-class capital markets capabilities and enable a product offering that delights Wealthsimple clients
Lead and manage the credit card financing as a primary stakeholder to scale Wealthsimple’s credit card program
Spearhead and execute capital markets and financing initiatives from inception as a deeply integral partner to Wealthsimple product launches
Drive negotiations with banking partners, lenders, fintechs, and capital markets counterparties in order to stand up new capital markets and financing capabilities
Collaborate closely with Capital and Liquidity Management and Cash and Collateral Management functions to create and optimize funding plan and operationalize financing capabilities
Foster and deepen banking partner, lending, counterparty relationships and identify new and innovative partnership opportunities
Oversee Wealthsimple's Treasury investment portfolio to propose and execute on investment and risk management strategies, including managing corporate foreign currency exposure and interest rate exposure
Propose hedging strategies and work with the controller team to ensure proper accounting treatment
Manage and enhance Investment and Foreign Currency Risk Management policies
Build and enhance automated workflows and generate complex Treasury analyses using AI models

Skills

Key technologies and capabilities for this role

TreasuryCapital MarketsCredit CardsFinancingBanking RelationshipsLendingInvestmentsFintechRegulatory ComplianceProduct LaunchesRisk ManagementStrategic Advisory

Questions & Answers

Common questions about this position

What is the employment type for this position?

This is a Permanent Full Time position.

Is this role remote or does it require office presence?

This information is not specified in the job description.

What key responsibilities does this role involve?

The role involves leading credit card financing, spearheading capital markets initiatives, driving negotiations with partners, overseeing the Treasury investment portfolio, and building automated workflows using AI models.

What is the company culture like at Wealthsimple?

Wealthsimple values collaboration, humility, simplicity, and creating inclusive high-performing teams in a fast-paced, innovative environment where teams ship often and make an impact with groundbreaking ideas.

What qualities make a strong candidate for this role?

A strong candidate is adaptable, flexible, thrives in collaborative innovative environments, applies a growth mindset, and has experience in treasury, capital markets, financing, and risk management.

Wealthsimple

Digital platform for investing and financial management

About Wealthsimple

Wealthsimple provides a range of financial tools that help individuals manage their money effectively. Their services include automated investing, where users can set up investment accounts that automatically adjust based on market conditions, and commission-free stock trading, allowing users to buy and sell stocks without paying fees. They also offer cryptocurrency investments for those interested in digital currencies and a straightforward tax filing service that is designed to be quick and user-friendly. Wealthsimple stands out from its competitors by focusing on young professionals and tech-savvy individuals, providing a digital platform that is easy to navigate and understand. The company's goal is to simplify financial management, making it accessible to everyone by using technology to create a more personal and approachable experience in finance.

Toronto, CanadaHeadquarters

2014Year Founded

$826.6MTotal Funding

LATE_VCCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Life Insurance

401(k) Company Match

401(k) Retirement Plan

Paid Vacation

Unlimited Paid Time Off

Professional Development Budget

Wellness Program

Remote Work Options

Paid Holidays

Risks

Increased competition from zero-commission brokers could erode Wealthsimple's market share.

Invite-only rollout of Wealthsimple Cash may limit user adoption and growth.

Rapid cryptocurrency adoption pressures Wealthsimple to innovate its offerings continuously.

Differentiation

Wealthsimple offers a human-centric approach to finance with user-friendly digital tools.

The company provides a seamless platform for investing, trading, saving, and tax filing.

Wealthsimple targets young, tech-savvy professionals seeking accessible financial management solutions.

Upsides

Wealthsimple's AUA reached $50 billion, indicating strong market presence and growth potential.

The rise of AI-driven advisory services can enhance Wealthsimple's personalized investment offerings.

Fractional shares' popularity aligns with Wealthsimple's target demographic, boosting user acquisition.

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