Treasury Risk Finance Jobs (NOW HIRING)

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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