Remote opportunity at
UpstartALM Manager
Upstart operates a prominent AI lending platform that connects banks and credit unions with consumers seeking affordable credit. The organization combines modern financial technology with disciplined…
Career Tools
About This Role
Upstart operates a prominent AI lending platform that connects banks and credit unions with consumers seeking affordable credit. The organization combines modern financial technology with disciplined balance sheet management. The Treasury department is currently seeking an ALM Manager to lead the primary asset and liability management and interest rate risk functions for Upstart Bank. This position takes ownership of the interest rate risk measurement framework, oversees the administration of the…
Job Description
Upstart operates a prominent AI lending platform that connects banks and credit unions with consumers seeking affordable credit. The organization combines modern financial technology with disciplined balance sheet management. The Treasury department is currently seeking an ALM Manager to lead the primary asset and liability management and interest rate risk functions for Upstart Bank.
This position takes ownership of the interest rate risk measurement framework, oversees the administration of the ALM software platform, and translates complex financial models into actionable business strategies. The professional in this role will build deposit and loan behavioral assumptions, design rate stress scenarios, and produce comprehensive reporting for executive leadership, the Board of Directors, and regulatory bodies.
The role is suited for an experienced treasury professional with a strong background in commercial banking and regulatory compliance. Candidates should possess hands-on expertise with net interest income simulation, economic value of equity sensitivity, and balance sheet optimization.
Upstart functions as a digital-first workplace, allowing staff to perform their duties remotely while gathering periodically for in-person collaboration. Employees enjoy a comprehensive total rewards package that features base compensation, bonus opportunities, equity grants, retirement matching, and healthcare benefits.
Responsibilities
- Manage the primary asset and liability management and interest rate risk measurement framework, covering net interest income simulation and economic value of equity sensitivity.
- Oversee the implementation, configuration, data mapping, vendor coordination, and daily administration of the ALM software platform.
- Create, document, and evaluate behavioral and market assumptions for deposits, loan prepayments, funding rollover, and yield curves.
- Design parallel and non-parallel rate shocks, ramps, curve twists, and business scenarios to identify risk drivers and monitor policy limits.
- Propose balance sheet, pricing, funding, investment, and hedging strategies to maintain interest rate risk within approved appetite thresholds.
- Draft clear reporting and analysis for the Asset and Liability Committee, executive leaders, the Board, internal auditors, and banking regulators.
Requirements
- Ten or more years of professional experience in bank treasury, asset and liability management, interest rate risk, or balance sheet management.
- Practical working background inside a commercial bank, community bank, or bank holding company operating within a regulated environment.
- Direct operational experience running an ALM platform to produce net interest income and economic value sensitivity assessments across multiple scenarios.
- Demonstrated history of developing model assumptions, reconciling data inputs, monitoring policy limits, and presenting reporting to senior stakeholders.
Qualifications
- Bachelor's degree in Finance, Accounting, Economics, Business, Mathematics, Statistics, or an equivalent practical background.
- Experience presenting ALM and interest rate risk evaluations to executive management, boards of directors, auditors, and regulators.
- Familiarity with regulatory guidance concerning interest rate risk and model risk management from the OCC, Federal Reserve, and FDIC.
- Background working with fixed-rate consumer loans, retail and wholesale deposits, investment securities, derivatives, and de novo bank balance sheets.
- Advanced spreadsheet, financial modeling, and SQL capabilities, alongside familiarity with software such as Empyrean, QRM, BancWare, or Moody's Analytics.
- Professional designations such as CFA, FRM, or related credentials are considered a plus.
Core Skills
Benefits
- Base salary range between $159,500 and $220,700 USD depending on geographic location and individual qualifications.
- Annual equity grants vesting quarterly alongside target bonus opportunities.
- Retirement plan with a company match of $2 for every $1 contributed up to $15,000 annually.
- Employee Stock Purchase Plan with discounted stock purchase options for eligible US workers.
- Comprehensive health coverage including medical, dental, vision, and wellness resources.
- Paid time off, sick leave, company holidays, and parental leave.
- Annual wellness and productivity allowances to support personal development and remote work tools.
Frequently Asked Questions
Is this position remote?
Yes, this role is remote and operates under a digital-first philosophy, allowing employees to live and work anywhere in the United States while participating in periodic in-person team collaborations.
What is the salary range for the ALM Manager role?
The anticipated base salary ranges from $159,500 to $220,700 USD, with exact pay determined by geographic location, skills, and relevant experience.
What level of experience is required?
Applicants must have at least ten years of experience in bank treasury, asset and liability management, interest rate risk management, or a closely related discipline within a regulated banking environment.
What employment type is this?
The posting specifies full-time employment.
Sample Interview Questions
AI-generated questions tailored to this specific role — a preview of the full practice set.