Product Counsel at Upgrade

San Francisco, California, United States

Upgrade Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, Financial ServicesIndustries

Requirements

  • J.D. and Bar membership in good standing
  • 5+ years advising financial institutions/fintech companies as a lawyer at a leading law firm or in-house legal department
  • Experience advising on financial products, in particular consumer loans, deposit accounts and payments; experience with AI a plus
  • Innate curiosity, desire and ability to learn rapidly
  • Resiliency and comfort serving as a trusted business partner
  • Quick adopter of new and evolving technology
  • A team player with a sense of humor and self awareness
  • Preference for hybrid capacity from San Francisco office (or near offices in Tustin, CA, Atlanta, GA, Phoenix, AZ); remote considered with Pacific Time working hours

Responsibilities

  • Review new products and features from early stages of development through launch, advising on legal risks while providing practical legal advice
  • Work closely with Product, Compliance, Marketing, Engineering, Risk and other teams to help bring new products and features to market while ensuring legal and regulatory compliance
  • Draft consumer facing agreements (loan agreements, TILA disclosures, program terms, etc.) and review marketing collateral
  • Research and spot issues related to consumer protection laws and regulations, commercial agreements, privacy, and other legal requirements
  • Prioritize workload to set goals and meet deadlines in a fluctuating and sometimes ambiguous business environment
  • Own your projects with a can-do attitude and a willingness to jump in where needed – no job is too big or too small – and some may not exactly fit in the four corners of this job description

Skills

Key technologies and capabilities for this role

Regulatory ComplianceFinancial ProductsLegal Risk AssessmentConsumer Credit LawFintech RegulationsCross-functional Collaboration

Questions & Answers

Common questions about this position

What is the work location or remote policy for this role?

Preference is given to candidates who can work in a hybrid capacity from the San Francisco office, with encouragement for those near offices in Tustin, CA, Atlanta, GA, and Phoenix, AZ. Remote candidates will also be considered, but all must work Pacific Time hours.

What qualifications are required for the Product Counsel position?

Candidates must have a J.D. and Bar membership in good standing, plus 5+ years of experience advising financial institutions or fintech companies.

What is the salary or compensation for this role?

This information is not specified in the job description.

What is the company culture like at Upgrade?

Upgrade has a collaborative and inclusive culture, recognized as one of the World’s Top Fintech Companies by CNBC, Best Places to Work by Built In and the San Francisco Business Times, America’s Greatest Workplaces by Newsweek, Best Startup Employer by Forbes, and Healthiest Employers by Phoenix Business Journal.

What makes a strong candidate for this Product Counsel role?

Strong candidates are skilled at building relationships, working in uncertainty while balancing legal risks, comfortable in a fast-paced dynamic environment, and have a can-do attitude with ownership of projects regardless of size.

Upgrade

Provides loans, credit cards, and rewards

About Upgrade

Upgrade offers personal loans, credit cards, and rewards checking accounts to help individuals manage their finances. Their personal loans allow borrowing up to $50,000 with fixed rates and no prepayment penalties, while the Upgrade Card provides cash back rewards on various spending categories. What makes Upgrade different is its focus on affordability and user-friendly features, attracting customers looking for flexible credit solutions. The company's goal is to promote responsible financial behavior and long-term financial health through accessible credit options.

San Francisco, CaliforniaHeadquarters
2016Year Founded
$532.1MTotal Funding
SERIES_FCompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Company Match
Unlimited Paid Time Off
Paid Parental Leave
Health & wellness initiatives

Risks

Expansion into auto loans increases exposure to credit risk.
Crowded BNPL market may pressure margins for Uplift acquisition.
Investment in new office space may strain resources if growth falters.

Differentiation

Upgrade offers a unique blend of credit and banking products.
The Secured OneCard targets consumers with little or no credit history.
Partnership with FairPlay enhances fairness in lending practices.

Upsides

Expansion into auto loans diversifies Upgrade's product offerings.
Acquisition of Uplift strengthens Upgrade's position in travel financing.
Partnership with Finturf enhances home improvement financing options.

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