Director of Treasury Risk

The Team: 

Upstart’s Risk team is hiring to enhance its second line of defense function in support of its application to establish a national bank. The Risk team is responsible for Upstart’s enterprise risk management program and risk governance as well as for providing independent oversight and credible challenge across the following risk categories: operational risk treasury risk (including liquidity risk interest rate risk price risk and capital management) and operational risk. We partner with first-line business functions senior and executive leadership and the board of directors to ensure effective identification and assessment measurement monitoring and reporting and response and control for all core risk types and in alignment with regulatory expectations. 

Upstart is hiring a Director Treasury Risk to establish and lead the independent second-line treasury risk oversight program. This role will partner closely with the first-line Bank Treasury function and will establish risk frameworks and limits in alignment with OCC and FDIC requirements and expectations including with respect to asset-liability management capital management and investment portfolio management. In addition to partnering with the first-line Bank treasury team to define and implement treasury risk management activities and appropriate oversight and reporting this role will provide critical second-line oversight and input on treasury risk exposures risk limit breaches and trends to management oversight committees such as an Asset-Liability Committee (ALCO) and the committee of the board responsible for risk oversight.  This role will also be the primary point of contact for critical external stakeholders such as bank examiners on an ongoing basis including during the charter application process.

How you’ll make an impact

• Establish the Bank's treasury risk oversight program including frameworks policies risk metrics limits and monitoring processes for liquidity interest rate price and capital management risk
• Provide independent second-line review challenge and oversight of the first-line Bank Treasury team’s activities — including cash flow management ALM balance sheet positioning stress testing and investment portfolio management
• Deliver credible challenge to the Bank Treasury team’s assumptions methodologies stress scenario designs and risk limits consistent with the risk appetite and risk profile of the organizationPrepare and deliver ALCO and board and board risk oversight committee reporting on treasury risk exposures trends and stress testing outcomes; serve as escalation point for treasury risk issues to the CRO
• Hire and develop support for the treasury risk oversight team defining team objectives roles and responsibilities and professional development goals
• Serve as primary second-line point of contact for OCC examiners external auditors and other senior external stakeholders on treasury risk topics

Minimum Qualifications 

• Bachelor's degree or equivalent practical experience in finance economics mathematics or a related quantitative field
• 10+ years of experience in treasury risk management asset-liability management or a related financial risk function in a banking environment
• Demonstrated experience with independent oversight or challenge of interest rate risk liquidity risk or ALM including stress testing and regulatory reporting
• Deep knowledge of OCC and interagency requirements and guidance on interest rate risk liquidity risk price risk and capital management
• Direct experience working with OCC Federal Reserve FDIC or other banking regulators on treasury risk or ALM matters

Preferred Qualifications

• Advanced degree (MBA MS Finance or equivalent) or professional certification (CFA FRM or similar)
• Experience at a de novo bank OCC-chartered institution or institution building treasury risk oversight from an early stage
• Experience with quantitative modeling techniques for EAR/EVE analysis liquidity stress testing and stress scenario design
• Experience leading or building a treasury risk team including hiring and developing staff
• Familiarity with ALCO governance committee reporting and bank policy development for treasury risk

Position location Remote 

Travel requirements As a digital first company the majority of your work can be accomplished remotely. The majority of our employees can live and work anywhere in the U.S but are encouraged to to still spend high quality time in-person collaborating via regular onsites. The in-person sessions’ cadence varies depending on the team and role; most teams meet once or twice per quarter for 2-4 consecutive days at a time.

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What We Do

Upstart is the leading AI lending marketplace connecting millions of consumers to more than 100 banks and credit unions that leverage Upstart’s AI models and cloud applications to deliver superior credit products. With Upstart's AI lenders can approve more borrowers at lower rates across races ages and genders while delivering the exceptional digital-first experience customers demand. More than 80% of borrowers are approved instantly with zero documentation to upload. Founded in 2012 Upstart’s platform includes personal loans automotive retail and refinance loans home equity lines of credit and small-dollar “relief” loans. If you are energized by the impact you think you could make at Upstart we'd love to hear from you!

Why Work With Us

Connection to our mission creates a special environment where people feel passionately about the impact they make in the world. Upstart is fast-paced and we encourage ownership at all levels of the organization. As a result culture at Upstart is driven by Upstarters. Upstarters are proactive talented multi-dimensional and collaborative.

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