Senior Director, 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.

The Senior Director for Capital and Liquidity Management will be responsible for developing and overseeing the Company’s capital and liquidity management frameworks. This includes setting the Company’s risk tolerances and risk mitigation strategies, developing stress testing frameworks, measuring these risks, and ensuring the Company’s frameworks exceed regulatory expectations. This associate will also assist the Treasurer in engaging with the rating agencies to ensure our frameworks are addressing their needs and they will partner closely with Treasury, Risk, Finance, Strategy, and Investor Relations to translate complex risk and balance‑sheet topics into clear recommendations for senior executives and the Board.

This is a strategic role that requires excellent communication, leadership, and analytical skills.

• Lead multi‑year capital planning (targets, capital stack mix, ratio management), linking strategy, risk appetite, earnings capacity, growth, and distributions.

• Lead the Company’s annual capital stress testing process by developing scenarios, modeling balance sheet results and forecasting capital ratios in baseline and stress scenarios

• Develop materials and reports that with be reviewed by executive leadership and the Board of Directors

• Own the enterprise liquidity risk framework, including policy, risk appetite, metrics/limits, early‑warning indicators, and governance routines; ensure alignment with regulatory expectations and leading practices.

• Direct the internal liquidity stress testing program (e.g., idiosyncratic, market‑wide, and combined scenarios), including model assumptions, scenario calibration, overlays, and management actions; oversee ILST/contingency funding plan.

• Oversee short‑ and long‑term liquidity coverage and structural metrics (e.g., maturity profiles, funding concentrations, encumbrance, buffers), and drive timely executive reporting and decisioning via ALCO and related forums.

• Partner with funding teams to align issuance cadence, tenor, and instrument selection with liquidity and capital objectives; provide risk‑informed perspectives for market windows and investor themes.

• Maintain credible “sources and uses” analyses across base and stress cases; ensure collateral and liquidity buffers are sized and positioned for contingencies.

• Prepare materials for executive leadership and Board committees; coordinate responses and evidencing for supervisory exams and horizontal/thematic reviews.

• Ensure robust controls, documentation, and…