Senior Manager, Whole Loan Trading – First-Line Model Governance

Upstart

. Own the Whole Loan Trading and First-Line Model Governance function end-to-end, reporting to the Head of Secured Lending .

Posted 9/15/2026full-timeRemote • United StatesSenior💰 $172,100 - $238,300 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates extensive experience in business-line credit risk and loan quality oversight, with a strong focus on first-line model governance and asset quality management in secured lending. Capable of leading teams, monitoring portfolio performance, and ensuring compliance with regulatory standards.

Highest-signal resume keywords

Business-Line Credit RiskLoan Quality OversightFirst-Line Model GovernanceAsset Quality ManagementRegulatory Compliance

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Loan-Level Quality ReviewPortfolio Performance MonitoringModel Implementation GovernanceCollateral Documentation ReviewRepurchase Risk ManagementPre-Sale Quality ControlThreshold TrackingIssue TrackingPerformance Escalation ProcessesCredit Decisioning Controls

Soft Skills

Team LeadershipCross-Functional CollaborationAnalytical Problem SolvingEffective CommunicationStakeholder Engagement

Certifications & Qualifications

Certified Regulatory Compliance ManagerFinancial Risk Manager

Industry Keywords

Secured LendingAsset-Backed LendingFair Lending RequirementsECOA/Regulation BUDAAPFCRATILA/Regulation ZDealer Markup OversightAdverse ActionConsumer Lending

About the role

Key responsibilities & impact

Own the Whole Loan Trading and First-Line Model Governance function end-to-end, reporting to the Head of Secured Lending
Lead a small team of asset quality analysts across home equity line of credit, auto direct, and auto indirect dealer channels
Set review methodology, operating cadence, reporting standards, and escalation routines
Monitor portfolio-level salability risk, including eligibility adherence, defect patterns, collateral documentation quality, and exception concentrations
Escalate repurchase and put-back risk to Capital Markets and bank partners
Monitor asset quality and portfolio performance indicators, including early payment defaults, delinquency, loss severity, prepayment, non-performing loans, exception patterns, and threshold breaches
Evaluate origination and channel quality, collateral documentation, lien perfection, override trends, pricing consistency, dealer or partner performance, concentration risk, and 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

What you’ll need

8+ years of experience in business-line credit risk, loan quality, asset-backed or secured lending operations, or first-line model governance supporting secured or asset-backed consumer lending products
Experience with loan-level quality review, loan salability oversight, Capital Markets or 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 partnering with Capital Markets, investors, bank partners, or funding teams to evaluate loan eligibility, resolve delivery exceptions, interpret investor requirements, and mitigate repurchase, put-back, or make-whole exposure
Experience leading analysts, managing a review function, or owning cross-functional loan salability, asset quality, credit, or first-line model governance programs
Preferred: familiarity with auto indirect or dealer channel lending dynamics and fair lending considerations
Preferred: knowledge of secured lending and secondary-market quality expectations
Preferred: 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
Preferred: ability to evaluate production model execution, validation outputs, fair lending review outputs, underwriting accuracy, pricing consistency, and performance trends
Preferred: skill producing exam-ready policy documents, governance materials, issue tracking, executive summaries, and bank partner reporting
Preferred: risk or compliance certification such as Certified Regulatory Compliance Manager or Financial Risk Manager

Benefits

Comp & perks

Competitive compensation, including 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 US employees
Medical, dental, vision, and wellness resources for US employees; supplemental health coverage for Canada
Health Savings Account contributions for eligible US plans
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 with mental health support and life-centered resources
Financial planning tools and financial concierge service for US employees
Annual wellness allowance
Annual productivity allowance for relevant work tools and resources
Team events, all-company updates, and employee resource groups
Catered lunches and stocked micro-kitchens at offices