Open Positions

Compliance Associate

Our compliance team plays a critical role in mitigating risk and protecting Upstart’s growth and success.  

We are looking for someone that is passionate about solving complex problems, researching interesting topics, and proactively collaborating with colleagues to join Upstart as a Compliance Associate.  This role will have a major impact on the team because your efforts will help us improve processes and procedures and adjust our practices as we grow, products change, and regulations shift. In particular, you’ll be instrumental in supporting our state compliance program

Someone that will be successful in this role is solutions oriented, thrives on learning new things every day, and is obsessed with detail.  If you share our passion for building innovative technology while ensuring consumer protection, this could be the role for you.

Here is what you'll be doing on a day to day basis:

  • Support state compliance program,
  • Collaborate with colleagues to compile reports,
  • Correspond with regulators and external auditors,
  • Stay informed of key regulatory changes,
  • Implement policy and procedure changes in response to regulatory changes,  
  • Other special projects as assigned

Requirements:

  • Bachelor’s degree with at least 2 years experience in the financial services industry, preferably in lending.
  • 5 years professional experience
  • Experience working in a compliance function with knowledge of state or federal consumer lending protections regulations, a plus
  • Ability to thrive while working independently
  • Organized and able to juggle multiple tasks while still meeting deadlines
  • Love for learning and research
  • Well suited to, and excited by, a startup environment - Possess a self-starter mentality with the ability to work well under pressure, and to work independently. Have a strong sense of personal accountability, and attention to detail
  • Spanish language proficiency is a plus.
Apply Now
Legal Counsel - Capital Markets

Upstart is looking for an attorney with Capital Markets experience to join our growing legal team as a Legal Counsel. This role will give you the chance to work across the entire Upstart business while being focused on our capital market products. You will get involved in negotiating transaction documents, assisting with corporate finance transactions and general corporate transactions.

As a fin-tech company operating in a heavily regulated space, you will handle a wide array of complex issues including securities regulation, IP, and tax issues. There will often be issues that have never existed before, and you will have the creativity and confidence to tackle ambiguity and craft innovative legal arrangements, with a critical eye toward risk and a deep appreciation of the need to preserve and build upon Upstart’s reputation and credibility with regulators, investors and customers.

Here is what you'll be doing on a day to day basis:

  • Drafting, review and negotiation of all transaction documents related to loan sales, securitizations, warehouse facilities and platform investments
  • Assisting with corporate financing transactions and corporate housekeeping matters; and special projects, as needed. 

Requirements:

  • J.D. degree with superior academic credentials and a state bar membership (and eligible to register as an in-house counsel in CA if not primarily licensed there);
  • 2+ years of experience in a top-tier law firm and/or an in-house legal dept;
  • Familiarity with various species of corporate finance, including bank borrowing, whole loan sales, warehouse structures, term asset-backed securities (ABS) and other structured finance transactions and working knowledge of securities, tax and financial services law applicable to the foregoing with an ability to fill in inevitable gaps in your and our learning;
  • Experience working with/for a programmatic ABS issuer and insight into and experience with building systems and controls is a plus;
  • Strong communication skills with a demonstrated ability to effectively and proactively provide quick, concise, and practical legal advice that is consistent with any business objectives;
  • Excellent judgment with demonstrated decision-making capability while dealing with legal, regulatory and business issues involving competing interests;
  • A self-starter mentality with the ability to work well under pressure, thrive working under limited direction, and an attitude that no job is too challenging or too small 
Apply Now
Paralegal - Legal and Compliance

About the Role:
Upstart is looking for an experienced, talented and motivated paralegal candidate to join our Legal & Compliance team.

As part of your key responsibilities, you will:

  • Manage and organize all aspects of contract execution and fulfillment, including tracking approvals and managing contract and template database.
  • Assist with all corporate filings, including registrations, franchise taxes and state licenses
  • Maintain all corporate governance documents including Board materials and shareholder notices;
  • Manage closing documents and binders for all corporate and capital market deals;
  • Provide support to outside counsel with respect to their ongoing management and maintenance of Upstart’s state lending licenses, any associated regulatory reporting and examinations, and any new applications;
  • Assist Legal and Compliance teams with frequent diligence requests, coordinating responses and maintaining and updating response database; and
  • Recommend, implement and manage systems and process changes to increase efficiency.

Requirements:

  • Bachelor's degree and 1+ years of experience in a top-tier law firm, government and/or an in-house legal dept, preferably in the financial services industry
  • Excellent communication, analytical, organizational, project management, and interpersonal skills.
  • A self-starter mentality with the ability to work well under pressure, thrive working under limited direction, and an attitude that no job is too challenging or too small;
  • Comfortable working with new technology systems 
Apply Now
Senior Counsel - Regulatory/Regulatory Affairs

About the Role:
Upstart’s regulatory team, a recognized pioneer in fintech regulation, is looking for an experienced attorney to join our team as one of its senior members to work on regulatory, legislative and related litigation matters. You will be the subject matter expert on the laws and regulations impacting Upstart’s existing consumer credit platform, Powered By Upstart business line, and future products. You will also play a pivotal role determining Upstart’s regulatory strategy and fostering relationships with regulators and lawmakers.

As part of your regulatory responsibilities, you will:

  • Provide prompt, proactive, practical and sometimes complex and/or specialized legal advice to your Legal colleagues and the Compliance, Info Sec, and Product teams on state and federal regulations governing credit or other products offered via Upstart’s platform, including relating to consumer protection, credit, banking regulation;
  • Advise on internal and external customer agreements, notices and disclosures, and assist in developing/managing/updating internal policies and procedures to ensure compliance with applicable laws;
  • Advise and represent Upstart on a variety of legal matters before regulatory agencies, including applications, requests for interpretive guidance, inquiries and investigations, and other regulatory filings; and
  • Take a hands-on approach to all facets of litigation and investigations, including responding to subpoenas and discovery requests from regulators or other adverse parties, analyzing and formulating investigative plans; drafting and revising legal briefs, interviewing witnesses, preparing witnesses for testimony, and negotiating and drafting settlements.

As part of your regulatory affairs responsibilities, you will:

  • Develop relationships and maintain regular communications with partners and stakeholders at the state/local government levels such as policymakers, trade associations, and other industry participants;
  • Advise executive and senior management on strategic direction and themes regarding government affairs activities, including potential risks, political issues, and themes; and
  • Draft comments for regulatory proceedings, analyze draft legislation, interact with regulators and advocate publicly for the company on novel legal issues.

Requirements

  • J.D. degree with superior academic credentials and a state bar membership (NY or CA preferred);
  • At least 6 years of experience in a top-tier law firm, government and/or an in-house legal dept with litigation and/or regulatory focus;
  • In-depth knowledge of federal and state banking, lending and consumer protection laws, including ECOA, FCRA, TILA, FDCPA, MLA/SCRA, EFTA, BSA/AML, TCPA, GLBA, each of their implementing regulations, and related state laws;
  • Strong communication skills with a demonstrated ability to effectively and proactively provide quick, concise, and practical legal advice;
  • Excellent judgment with demonstrated decision-making capability while dealing with legal, regulatory and business issues involving competing interests;
  • A self-starter mentality with the ability to work well under pressure, thrive working under limited direction, and an attitude that no job is too challenging or too small; and
  • Enthusiasm for the application of new technologies and methods to old problems.
Apply Now