Manager, Treasury Risk

The Team: 

Upstart's Risk team is building its second line of defense function in support of its application to establish Upstart Bank, N.A., a de novo national bank. The Risk team is responsible for Upstart's enterprise risk management program and risk governance, and for providing independent oversight and credible challenge across all core risk categories — including Treasury risk (liquidity and funding risk, interest rate risk, price risk, and capital management), operational risk, technology and information security risk, and compliance risk. We partner with first-line business functions, senior and executive leadership, and the board of directors to ensure effective identification, assessment, monitoring, reporting, and control of material risks, in alignment with OCC, FDIC, and interagency regulatory expectations.

Upstart is hiring a Manager, Treasury Risk to support the Director of Treasury Risk in building and executing the bank's second-line Treasury risk oversight program. This is a ground-floor opportunity to help establish a Treasury risk function from scratch at a de novo national bank — contributing to program design, monitoring infrastructure, and OCC exam readiness across all Treasury risk domains. This role reports to the Director, Treasury Risk.

How you’ll make an impact

• Execute day-to-day second-line Treasury risk monitoring activities — tracking and reporting on key risk indicators, risk limit utilization, and exposures across liquidity and funding risk, interest rate risk (IRR), price risk, and capital management, and escalating breaches or emerging concerns to the Director of Treasury Risk
• Support independent review and credible challenge of first-line Bank Treasury activities, including cash flow management, ALM analysis, balance sheet positioning, investment portfolio management, and the design and outputs of stress testing — preparing written analysis and challenge documentation to support the Director's 2LOD positions
• Prepare and maintain ALCO and board risk committee reporting materials, synthesizing Treasury risk monitoring data and 2LOD findings into clear, accurate reporting for senior management, the CRO, and the board risk oversight committee
• Maintain and update Treasury risk policies, procedures, and program documentation in alignment with OCC, FDIC, and interagency guidance on interest rate risk, liquidity and funding risk, and capital management — ensuring documentation remains current as the program matures and the bank's risk profile evolves
• Support review of stress testing scenario design, assumptions, and outputs — identifying gaps or inconsistencies between 1LOD assumptions and the bank's actual risk profile, and preparing structured written analysis to inform the Director's challenge position
• Coordinate regulatory exam preparation and respond to OCC examiner and internal audit requests related to Treasury risk, ALM, liquidity and funding oversight; partner with other 2LOD risk domains to ensure Treasury risk considerations are integrated into enterprise risk reporting and cross-functional risk assessments

Minimum Qualifications 

• Bachelor's degree or equivalent practical experience in finance, economics, mathematics, or a related quantitative field
• 5+ years of experience in Treasury risk management, asset-liability management, liquidity and funding risk, or a related financial risk function in a banking or financial services environment
• Working knowledge of OCC, FDIC, FRB, and interagency guidance on interest rate risk, liquidity and funding risk, and capital management, including relevant stress testing frameworks
• Experience with risk reporting, limit monitoring, stress testing analysis, or ALCO support in a bank or regulated financial institution

Preferred Qualifications

• Experience at a de novo bank, or in building Treasury risk monitoring capabilities, KRI frameworks, or limit structures from an early stage
• Familiarity with ALM modeling concepts, including earnings at risk (EAR) and economic value of equity (EVE) analysis, cash flow-based balance sheet modeling, and deposit repricing and prepayment assumptions
• Experience working with ALM systems or quantitative risk tools used for interest rate risk modeling, liquidity stress testing, or capital adequacy analysis
• Knowledge of OCC or Federal Reserve examination expectations for de novo bank Treasury risk, ALM governance, and liquidity and funding risk oversight
• Experience preparing or supporting ALCO governance materials, including committee reporting packages, meeting minutes, or board-level Treasury risk updates

Position location This role is available in the following locations: Remote 

Time zone requirements The team operates on the East/West coast time zones.

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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