Senior Asset Quality & Model Oversight Lead (Remote)

Upstart; San Mateo (CA); On-site; USD 172,000 - 238,000; Full time

Benefits offered by this job

401k with company match

Stock purchase plan (ESPP)

Job summary

Upstart is seeking a Senior Manager, Asset Quality & Model Oversight to own the end-to-end function across secured lending channels. You will lead a small team of analysts and collaborate with Credit Risk, Capital Markets, Model Risk Management, Product, Engineering, Compliance, Legal, and Operations to maintain risk appetite and exam readiness.

The role emphasizes production model oversight, governance, and escalation of performance issues, with a remote-friendly, digital-first culture and

Qualifications

• 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, including early payment default, delinquency, prepayment, loss severity, non-performing loan trends, credit policy exceptions, threshold breaches, or channel-level pricing and fair lending patterns.
• 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.

Responsibilities

• Lead the secured lending asset quality and loan salability function across home equity line of credit, auto direct, and auto indirect dealer channels, setting the review methodology, operating cadence, reporting standards, and escalation routines for a small team of asset quality analysts.
• Monitor portfolio-level salability risk across secured lending channels — tracking eligibility adherence trends, defect patterns, collateral documentation quality, and exception concentrations; expand repurchase and put-back risk to Capital Markets and bank partners before they affect loan sale execution or partner commitments.
• Monitor asset quality and portfolio performance indicators tied to salability, including early payment defaults, delinquency, loss severity, prepayment, non-performing loan trends, exception patterns, and threshold breaches.
• Evaluate origination and channel quality across secured lending programs, 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 for secured lending models, including production model monitoring, threshold tracking, version control, use-case boundaries, model inventory updates, change impact assessment, and escalation of performance degradation or out-of-bounds behavior.
• Translate loan review findings, portfolio trends, and model performance signals into action by identifying root causes, defining remediation plans, tracking issue closure, and escalating risks before they affect loan sale execution, partner commitments, or regulatory readiness.

Skills

Asset quality

Model governance

Risk management

Leadership

Cross-functional collaboration

Job description

Upstart is seeking a Senior Manager, Asset Quality & Model Oversight to own the end-to-end function across secured lending channels. You will lead a small team of analysts and collaborate with Credit Risk, Capital Markets, Model Risk Management, Product, Engineering, Compliance, Legal, and Operations to maintain risk appetite and exam readiness.

The role emphasizes production model oversight, governance, and escalation of performance issues, with a remote-friendly, digital-first culture and