Legal Counsel - Capital Markets

  • Upstart
  • San Carlos, CA, USA
  • Jul 17, 2018
Full time Compliance Legal

Job Description

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. Your responsibilities will include: drafting, review and negotiation of all transaction documents related to loan sales, securitizations, warehouse facilities and platform investments; assistance with corporate financing transactions and corporate housekeeping matters; and special projects, as needed. As a fin-tech company operating in a heavily regulated space (but also with many “gray” or unsettled areas!), with financial institutions and individual investors and consumers as our customers. 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 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;
  • 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.