ALM Manager

🔥 22 hours ago

🇺🇸 United States – Remote

💵 $159.5k - $220.7k / year

⏰ Full Time

🟠 Senior

🔴 Lead

👔 Manager

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Upstart

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

🚘 Automotive

💼 Consulting

🏥 Healthcare

Automotive • Consulting • Healthcare

Upstart is a leading AI lending marketplace partnering with banks and credit unions to expand access to affordable credit. The company focuses on revolutionizing lending and credit risk evaluation by leveraging its AI marketplace, which allows for higher approval rates and lower loss rates for Upstart-powered banks and credit unions. Recently, Upstart has expanded its offerings to include automobile refinancing. With a mission to enable effortless credit based on true risk, Upstart is also known for its digital-first lending experience and holds a significant position in the financial services sector.

📋 Description

• Own the Bank's asset and liability management and interest rate risk measurement framework • Lead implementation, configuration, and ongoing administration of the Bank's ALM platform, including data mapping, reconciliations, model controls, change management, vendor coordination, and issue resolution • Develop, document, and evaluate behavioral and market assumptions, including deposit betas and decay, loan prepayments, repricing characteristics, funding rollover behavior, yield curves, and product optionality • Perform sensitivity analysis, backtesting, and outcomes analysis • Design and evaluate rate shocks, ramps, curve twists, and business-plan scenarios • Identify risk drivers, monitor limits and early warning indicators, and explain changes in the Bank's interest rate risk profile • Recommend balance sheet, product pricing, funding, investment, and hedging actions • Assess ALM implications of new products and balance sheet strategy changes • Prepare ALM and interest rate risk reporting for the Asset and Liability Committee, executive management, the Board, Internal Audit, and regulators • Support policy administration, model risk management, independent validation, examinations, audits, and continuous improvement of Treasury reporting • Report to the Bank Treasurer and partner with Finance, Risk, Lending, Deposit Product, Accounting, Data, Engineering, and Regulatory Reporting

🎯 Requirements

• Bachelor's degree in Finance, Accounting, Economics, Business, Mathematics, Statistics, or a related field, or equivalent practical experience • 10+ years of experience in bank treasury, asset and liability management, interest rate risk management, balance sheet management, or a closely related discipline • Experience working within a commercial bank, community bank, or bank holding company in a regulated environment • Hands-on experience operating an ALM platform and producing net interest income and economic value sensitivity analyses under multiple rate and balance sheet scenarios • Experience developing and governing model assumptions, reconciling source data to model inputs, analyzing model results, monitoring policy limits, and preparing ALM or IRR reporting for senior management or an Asset and Liability Committee • Preferred: experience presenting ALM and interest rate risk analyses to senior stakeholders, auditors, and bank regulators • Preferred: knowledge of OCC, Federal Reserve, and FDIC supervisory expectations • Preferred: experience with fixed-rate consumer lending, retail and wholesale deposits, investment securities, derivatives, and de novo or rapidly growing bank balance sheets • Preferred: advanced spreadsheet and financial modeling skills, SQL or similar data tools, and familiarity with ALM platforms such as Empyrean, QRM, BancWare, Moody's Analytics, or similar systems • Preferred: experience with model validation, assumption backtesting, model change governance, hedging analysis, or funds transfer pricing • CFA, FRM, or another relevant professional credential is a plus

🏖️ Benefits

• Competitive compensation, including bonus opportunities and annual equity grants that vest quarterly • 401(k) or Group Retirement Savings Plan with a company match of $2 for every $1 contributed, up to $15,000 annually • Employee Stock Purchase Plan (ESPP) with discounted stock purchase options for eligible employees (US only) • Medical, dental, vision, and wellness resources; supplemental health coverage for Canada • Health Savings Account contributions for eligible plans (US only) • Life insurance and disability coverage • Paid time off, sick leave, and company holidays • Paid family and parental leave • Family-centered fertility, parenthood, and caregiving benefits • Employee Assistance Program with mental health support and life-centered resources • Financial planning tools and financial concierge service (US only) • Annual wellness allowance • Annual productivity allowance for relevant tools and resources • Team events, all-company updates, and employee resource groups • Catered lunches and stocked micro-kitchens at offices