Manager, Treasury Risk

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. But the numbers only hint at the impact. Every idea, every voice, and every contribution moves us closer to a world where credit never stands between people and their financial progress.

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. Digital-first doesn’t mean distant. We’re intentional about in-person connection through team onsites, planning sessions, and moments that spark creativity and trust. And whether you choose to work primarily from home or collaborate in-person from one of our offices in Columbus, Austin, the Bay Area, or New York City (opening Summer 2026), you’ll have the support to work in the way that works best for you.

If you’re energized by tackling meaningful problems, excited to innovate with purpose, and motivated by work that truly matters, we’d love to hear from you.

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.

• 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

• 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

• 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

At Upstart, our benefits are designed to support your health, financial well-being, family, and personal growth. Here’s what you can expect:

• 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!)

For roles based in Canada, please note that we are not currently able to hire in Quebec.

Upstart is a proud Equal Opportunity Employer. Just as we are dedicated to improving access to affordable credit for all, we are committed to inclusive and fair hiring practices.

If you require reasonable accommodation in completing an application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please email candidate_accommodations@upstart.com

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