Lead Counsel (Corporate and Banking)

• Upstart’s Legal team partners across the business to help the company build, scale, and operate with sound legal judgment

• This role will support Upstart’s proposed OCC-chartered bank by building and maintaining the corporate governance, board support, and affiliate transaction frameworks needed for a regulated national bank environment
• As the Lead Counsel, Corporate and Banking at Upstart, you will own core governance responsibilities for the bank, including board and committee processes, governance policies, director and executive guidance, intercompany agreements, and Regulation W compliance
• You will work closely with senior leaders across Legal, Risk, Treasury, Accounting, and Tax, to help the bank operate in a way that is examination-ready, practical, and scalable
• Lead corporate governance support for Upstart Bank, including board and committee meeting preparation, agendas, pre-read materials, minutes, resolutions, policies, and committee charters
• Advise bank directors, executives, and internal partners on governance obligations, bank structure, director duties, and corporate governance requirements applicable to an OCC-chartered national bank, including management of conflicts between the bank and its affiliates and issues arising from dual-hatted employees
• Provide guidance regarding the Bank Holding Company Act and related regulatory requirements and supervisory expectations for the bank’s parent company, Upstart Holdings, Inc., including Federal Reserve bank holding company reporting requirements (e.g., FR Y-series reports)
• Support the bank’s engagement with its primary federal regulator (OCC), the FDIC and the Federal Reserve, including preparation for and response to examinations, and advising internal stakeholders on CAMELS ratings implications and strategies to maintain strong supervisory standing
• Support intercompany agreements and affiliate transaction processes, including Regulation W analysis, documentation, monitoring, and coordination with Treasury, Accounting, Tax, and Regulatory Counsel
• Build and maintain legal processes that support examination readiness, including clear documentation, durable operating rhythms, and timely responses to regulatory or supervisory requests
• Partner cross functionally to identify governance, regulatory, or affiliate transaction considerations related to new products, business initiatives, and bank operations
• Manage special corporate and banking projects as needed, including bank regulatory examinations, governance enhancements, internal policies, and external counsel coordination

Benefits

• Comprehensive health plans
• 401k Plan
• Generous vacation policy
• Flexible time off
• Parental leave
• Annual wellness reimbursement
• Disability insurance
• Family forming benefits through Carrot
• Technology equipment budget
• Personal development budget
• Various clubs and extracurricular activities
• Catered lunches
• Fully stocked micro-kitchen

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