Manager, Treasury Risk

Upstart

1d•$145,300 - $231,000•Remote

About The Position

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.

Requirements

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

Nice To Haves

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

Responsibilities

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

Benefits

Competitive compensation, including base pay, bonus opportunities, and annual equity grants that vest quarterly
Retirement benefits to help you plan for the future, including a 401(k) or Group Retirement Savings Plan with a company match of $2 for every $1 contributed, up to $15,000 annually (USD in the US, CAD in Canada)
Employee Stock Purchase Plan (ESPP) with discounted stock purchase options for eligible employees (US only)
Comprehensive health coverage designed to support you and your family, including medical, dental, vision, and wellness resources for US and supplemental health coverage for Canada.
Health Savings Account contributions from Upstart for eligible plans (US only)
Income protection benefits, including life insurance and disability coverage for added financial security
Paid time off, sick leave, and company holidays, in line with local requirements
Paid family and parental leave to support caregiving and major life moments (duration varies by country)
Family-centered benefits to support fertility, parenthood, and caregiving needs
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 (US Only)
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, all-company updates, and employee resource groups (ERGs)
Onsite perks, including catered lunches and fully stocked micro-kitchens when working from one of our offices in the Bay Area, Austin, Columbus, and New York City (opening Summer 2026!)