Senior Manager, Asset Quality, Model Oversight

🕒 July 2

🇺🇸 United States – Remote

💵 $172.1k - $238.3k / year

⏰ Full Time

🟠 Senior

👔 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 Asset Quality & Model Oversight function end-to-end, reporting to the Head of Secured Lending • Lead a small team of asset quality analysts • Establish review methodology, operating cadence, reporting standards, escalation routines, governance materials, and reporting routines • Monitor portfolio-level salability risk across home equity line of credit, auto direct, and auto indirect dealer channels • Track eligibility adherence trends, defect patterns, collateral documentation quality, exception concentrations, and repurchase or put-back risk • Monitor early payment defaults, delinquency, loss severity, prepayment, non-performing loan trends, exception patterns, and threshold breaches • Evaluate origination and channel quality, including collateral documentation completeness, lien perfection, override trends, pricing consistency, dealer or partner performance, concentration risk, and potential fair lending exposure • Own first-line model implementation and performance oversight, including production monitoring, threshold tracking, version control, use-case boundaries, model inventory updates, and change impact assessment • Identify root causes, define remediation plans, track issue closure, and escalate risks before they affect loan sales, partner commitments, or regulatory readiness • Partner with Credit Risk, Capital Markets, Model Risk Management, Product, Engineering, Compliance, Legal, Operations, and bank partners

🎯 Requirements

• 8+ years of experience in financial services risk management, compliance, credit operations, asset quality, model governance, or a related control function supporting secured or asset-backed consumer lending products • Experience with loan-level quality review, loan salability oversight, investor delivery, repurchase or put-back risk, bank partner audits, collateral documentation review, or pre-sale quality control in a regulated lending environment • Experience monitoring portfolio performance and asset quality indicators across multiple origination channels • Experience with first-line model oversight, production model monitoring, model implementation governance, model inventory documentation, or model performance escalation processes • Experience leading analysts, managing a review function, or owning cross-functional risk, compliance, credit, asset quality, or operations programs • Familiarity with auto indirect or dealer channel lending dynamics, pricing discretion, dealer markup, and fair lending considerations • Knowledge of secured lending and secondary-market quality expectations, investor eligibility standards, collateral documentation, lien perfection, representations and warranties, defect remediation, trailing performance thresholds, and repurchase or make-whole risk • Knowledge of consumer lending and fair lending requirements, including ECOA/Regulation B, UDAAP, FCRA, TILA/Regulation Z, dealer markup oversight, adverse action, or credit decisioning controls • Ability to evaluate production model execution, validation outputs, fair lending review outputs, underwriting accuracy, pricing consistency, and performance trends against approved thresholds • Skilled in producing exam-ready policy documents, governance materials, issue tracking, executive summaries, and bank partner reporting • Risk or compliance certification such as Certified Regulatory Compliance Manager, Financial Risk Manager, or equivalent credential is preferred

🏖️ Benefits

• Competitive compensation, including base pay, 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 • 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 offering mental health support and life-centered resources • Financial planning tools and financial concierge service (US only) • Annual wellness allowance • Annual productivity allowance for relevant work tools and resources • Team events, all-company updates, and employee resource groups • Catered lunches and fully stocked micro-kitchens at offices in the Bay Area, Austin, Columbus, and New York City

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