Staff Machine Learning Model Risk Specialist

Posted 2 months ago

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About the role

  • Staff Model Risk Specialist governing machine learning and GenAI applications for Upstart, an AI lending marketplace. Evaluating model risks, controls, monitoring, and regulatory governance for Upstart Bank.

Responsibilities

  • 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

Job type

Full Time

Experience level

Lead

Salary

$157,000 - $217,500 per year

Degree requirement

Postgraduate Degree

Tech skills

PythonSQL

Location requirements

RemoteUnited States

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