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:
- Collaborate with colleagues to implement policy and procedures to support the compliance program;
- Conduct queries of various systems, complete corresponding analysis, and communicate conclusions and/or recommendations ;
- Monitor, digest, and summarize regulatory trends, industry developments, and enforcement actions;
- Draft and disseminate professional correspondence with internal partners, regulators, and external auditors;
- Support state compliance program;
- Other special projects as assigned.
- Bachelor’s degree with at least 2 years experience in the financial services industry, preferably in lending and 5 years professional experience;
- Knowledge of some or all applicable regulations FCRA, TILA, FDCPA, ECOA, UDAAP, EFTA, BSA/AML, OFAC, GLBA and experience with Fair Lending analysis even better;
- Superior written and verbal communication with people of all backgrounds;
- 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;
- Strong commitment to both personal and company ethics.
Legal Counsel - Capital Markets
About the Role:
Upstart is looking for an attorney with corporate and/or securities transactional 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 with a particular focus on supporting our capital markets and loan funding efforts. You will draft and negotiate transaction documents as the needs of the business requires and assist with legal analysis with respect to corporate finance, commercial contracts, general corporate and other transactions and special projects, as needed, including company readiness for potential public offering at some future date. You will be required to consider a wide array of complex and often novel legal issues including securities and financial services 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.
- J.D. degree and a state bar membership (eligible to register as an in-house counsel in CA if not primarily licensed there);
- 2+ years of experience in a law firm and/or an in-house legal dept with a sophisticated transactional legal practice;
- 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;
- Enthusiasm for the application of new technologies and methods to old problems;
- An ability and desire to develop expertise in new or unfamiliar areas of law; if not trained in structured finance, a desire to learn that area among others.
- Basic familiarity with various species of corporate finance, including bank borrowing, and debt and equity capital markets; working knowledge of business organizations, securities, tax and financial services law applicable to the foregoing with an ability to fill in the inevitable gaps in your and our learning;
- Bonus qualifications: Familiarity with whole loan sales, warehouse structures, structured finance transactions, including asset-backed securities (ABS) issuance; experience with building systems and controls; familiarity with private or public equity offerings for startup or larger companies.