Staff Machine Learning Model Risk Specialist

Job not on LinkedIn

🔥 1 minute ago

🌐 United States, Canada – Remote

🇺🇸 United States – Remote 🇨🇦 Canada – Remote

💵 $157k - $217.5k / year

⏰ Full Time

🔴 Lead

🤖 Machine Learning Engineer

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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

• Partner with Machine Learning teams, GenAI application developers, business sponsors, and other stakeholders to maintain model and GenAI application inventories, risk assessments, documentation, monitoring reports, and governance materials. • Review methodologies, assumptions, data inputs, system designs, performance measures, controls, and limitations to provide effective challenge and identify remediation needs. • Evaluate quantitative methods and technologies ranging from traditional statistical and financial models to complex machine learning models and GenAI applications. • Conduct and document model risk assessments, monitoring reviews, and targeted quantitative analyses supporting internal policies and regulatory expectations. • Develop practical governance approaches for new and evolving machine learning and GenAI technologies. • Respond to model- and GenAI-related questions from regulators, lending partners, and external stakeholders in collaboration with Machine Learning, business, Legal, Compliance, and partner-facing teams. • Track model risk issues, remediation plans, program goals, and emerging risks; escalate material findings and recommend improvements. • Independently execute core components of Upstart Bank’s model risk management program across lending, fraud, compliance, finance, capital and liquidity, servicing, and operational risk models.

🎯 Requirements

• Master’s degree in a quantitative field such as finance, mathematics, economics, statistics, or a related discipline • 4+ years of experience in model risk management, model validation, model governance, machine learning, data science, quantitative risk, AI governance, or a related technical risk function • Internship or project experience related to model risk management, model validation, machine learning, or data science • Basic understanding of AI/ML methodologies such as tree-based models and neural networks • General familiarity with GenAI applications • Experience coding in R, Python, or similar languages such as Matlab • Preferred: PhD in a quantitative field • Preferred: 5+ years of experience in model risk management or model governance or related fields • Preferred: Familiarity with GenAI evaluation approaches, prompt and system design, retrieval-augmented generation, tool use, guardrails, and ongoing monitoring • Preferred: Experience assessing models outside credit underwriting • Preferred: Advanced coding skills in R, Python, and SQL, and experience using Git • Preferred: Knowledge of consumer lending, credit risk, model fairness, explainability, or machine learning and GenAI in regulated environments

🏖️ 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) • Comprehensive health coverage, including medical, dental, vision, wellness resources for US, and supplemental health coverage for Canada • Health Savings Account contributions from Upstart 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 wellness resources, including 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 (ERGs) • Catered lunches and fully stocked micro-kitchens when working from offices • Flexible remote work through Upstart’s digital-first philosophy