Funding & Liquidity Manager

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🔥 0 minutes 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

• Execute the Bank’s wholesale funding strategy and manage funding sources including Federal Home Loan Bank advances, brokered and reciprocal deposits, listing service deposits, federal funds purchased, and other wholesale instruments • Manage pledged collateral and borrowing capacity across the Federal Home Loan Bank and Federal Reserve Discount Window • Conduct eligibility reviews, pledging, substitutions, borrowing tests, and readiness activities under normal and stressed conditions • Monitor liquidity through daily, weekly, and monthly reporting covering survival horizon, available liquidity, liquid assets, funding concentrations, maturity profiles, deposit composition, collateral utilization, and early warning indicators • Prepare baseline and stressed liquidity forecasts and analyze deposit and funding behavior • Quantify contingent funding needs and recommend actions to address emerging liquidity risks • Maintain the Contingency Funding Plan, funding playbooks, operational procedures, counterparty contacts, and borrowing documentation • Coordinate periodic contingency funding exercises • Prepare liquidity reporting for the Asset and Liability Committee, executive management, the Board, Internal Audit, and regulators • Support policy administration, examinations, audits, and Treasury reporting enhancements • Partner with Finance, Risk, Lending, Deposit Product, Operations, Accounting, and Regulatory Reporting

🎯 Requirements

• Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field, or equivalent practical experience • 10+ years of experience in bank treasury funding, asset and liability management, or liquidity risk management • Experience working within a commercial bank, community bank, or bank holding company • Experience executing wholesale funding transactions and managing secured borrowing facilities • Experience producing liquidity reporting, forecasts, or stress-testing analyses used to monitor compliance with liquidity limits and regulatory requirements • Preferred: experience managing Federal Home Loan Bank borrowing programs, collateral, and available borrowing capacity • Preferred: knowledge of Federal Reserve Discount Window access, collateral requirements, and operational readiness testing • Preferred: experience supporting liquidity stress testing, contingency funding planning, and reporting to an Asset and Liability Committee or Board • Preferred: knowledge of bank regulatory reporting and liquidity guidance, including Call Report requirements • Preferred: advanced spreadsheet and financial modeling skills • Preferred: familiarity with Bloomberg, Federal Home Loan Bank portals, Federal Reserve systems, or asset and liability management platforms such as Empyrean, QRM, PrecisionLender ALM, or similar tools

🏖️ Benefits

• Competitive compensation, including base pay, bonus opportunities, and annual equity grants that vest quarterly • Retirement benefits including a 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) • Comprehensive health coverage including medical, dental, vision, and wellness resources for US employees • 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 (EAP) with mental health support and life-centered resources • Financial wellness resources, including financial planning tools and a 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 (ERGs) • Onsite perks including catered lunches and fully stocked micro-kitchens when working from an office