Director of Treasury Risk

Upstart

14h•Hybrid

About The Position

At Upstart, we’re united by a mission that matters: to radically reduce the cost and complexity of borrowing for all Americans. Every day, we bring creativity, experimentation, and advanced AI to reshape access to credit, helping millions move forward financially with clarity and confidence. As the leading AI lending marketplace, we partner with banks and credit unions to expand access to affordable credit through technology that’s both radically intelligent and deeply human. Our platform runs over one million predictions per borrower using more than 1,800 signals, powering smarter, fairer decisions for millions of customers. We’re proudly digital-first, giving most Upstarters the flexibility to do their best work from wherever they thrive, alongside teammates across 80+ cities in the US and Canada. 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 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. This role will also 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.

Requirements

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

Nice To Haves

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

Responsibilities

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 organization
Prepare 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

Benefits

Competitive compensation, including base pay, bonus opportunities, and annual equity grants that vest quarterly
Generous 401(k) plan with Upstart matching $2 for every $1 contributed, up to $15,000 per year
Employee Stock Purchase Plan (ESPP) with discounted stock purchase options for eligible employees
Affordable medical, dental, and vision coverage, with multiple plan options - Upstart covers 90% to 100% of the cost depending on the plans you choose
Health Savings Account contributions from Upstart for eligible plans
Income protection benefits, including company-paid Basic Life, AD&D, and Short- and Long-Term Disability coverage, with options to purchase supplemental coverage
Paid time off, sick and safe time, and company holidays
Paid family and parental leave to support caregiving and major life moments
Family-centered benefits through Carrot and Cleo, supporting fertility, parenthood, and caregiving
Employee Assistance Program (EAP) offering mental health support and life-centered resources
Financial wellness resources, including access to financial planning tools and a financial concierge service
Annual wellness allowance to support your physical and emotional well-being and personal development, based on what matters most to you
Annual productivity allowance to invest in relevant tools and resources you need to do your best work, no matter where you work from
Connection and community through team events and onsites, all-company updates, and employee resource groups (ERGs)
Onsite perks, including catered lunches and fully stocked micro-kitchens when working from one of our four offices, located in the Bay Area, Austin, Columbus, and New York City (opening Summer 2026!).