[Hiring] Director of Treasury Risk @Upstart

Role Description

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.

• 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 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.

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.

Requirements

• 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.

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!).