About Upstart
Upstart is the main AI lending market partnering with banks and credit score unions to develop entry to reasonably priced credit score. By leveraging Upstart’s AI market, Upstart-powered banks and credit score unions can have larger approval charges and decrease loss charges throughout races, ages, and genders, whereas concurrently delivering the distinctive digital-first lending expertise their prospects demand. Greater than 80% of debtors are permitted immediately, with zero documentation to add.
Upstart is a digital-first firm, which implies that most Upstarters dwell and work anyplace in the US. Nonetheless, we even have places of work in San Mateo, California; Columbus, Ohio; and Austin, Texas.
Most Upstarters be a part of us as a result of they join with our mission of enabling entry to easy credit score based mostly on true threat. If you’re energized by the influence you can also make at Upstart, we’d love to listen to from you!
Because the Director of Product, Capital Platform you’ll construct and lead the product workforce answerable for rising capital throughout our mortgage merchandise. Upstart is a market enterprise – our supply-side groups convey loan-funding capital to the platform and ship worth to capital suppliers. On this position, you’ll personal the end-to-end product imaginative and prescient, technique, and execution to create worth for the varied set of banks, credit score unions and capital market buyers on our platform.
The position begins as a senior particular person contributor and is predicted to develop into management of a product workforce.
Capital suppliers on our platform count on sturdy oversight and analytics; nuanced management over the loans they fund and on their portfolio general; and automation in managing each side of their lending program. You’ll personal the definition, prioritization and supply of the performance wanted to allow these prospects as we scale our platform from our present $38B+ in originations to the subsequent degree.
Our merchandise vary from end-to-end AI-enabled origination platforms to superior inner modeling techniques to APIs that enable lenders and capital suppliers to combine our expertise into their current techniques and workflows. You’ll work extensively throughout our mortgage vertical groups to be the voice of capital suppliers as we develop these merchandise past private loans (Auto loans, HELOCs, and so forth).
Success on this position depends on working with all kinds of stakeholders, creating an in depth understanding of the buyer lending panorama and successfully balancing platform vs. workforce particular roadmaps. We view this position as a ‘participant coach’ position and the correct particular person for the position could have experience in – and revel in – each engaged on key initiatives instantly and constructing out a workforce of world-class PMs.
The way you’ll make an influence:
- You’ll outline the imaginative and prescient and technique for each our lending companions (banks and credit score unions) and capital markets companions (PE funds, hedge funds, and so forth). What ought to we give attention to, why, and when?
- Construct out and lead a workforce of product managers, making certain steady workforce progress and particular person growth
- You’ll perceive the wants of lending companions and capital markets and outline and construct new options to satisfy these wants
- Work carefully with our gross sales, advertising, compliance, machine studying, and buyer success groups to determine and prioritize new and worthwhile instruments and course of enhancements as we scale
- Execute on product roadmaps and launch options in partnership with engineering groups
- You’ll work carefully with our particular person product “vertical groups” (corresponding to private loans, auto refinance, small greenback loans, and so forth) to assist form these merchandise to greatest align with capital accomplice wants and be the voice of capital provide throughout our group
What we’re searching for:
- Minimal necessities:
- 8+ years of product administration expertise
- Monitor file of constructing and main excellent PM groups
- Expertise engaged on particular person initiatives at a principal PM degree
- Expertise with complicated B2B or B2B2C workflows (onboarding, configuration, funds, compliance)
- Expertise constructing enterprise crucial instruments in a market setting (ERP-lite, stock mgmt instruments, embedded finance)
- Capability to interface successfully with leaders at banks, credit score unions and capital market suppliers to conduct discovery and perceive buyer wants instantly
- Demonstrated skill to attain strategic targets in an progressive and fast-paced setting, and to evolve product technique based mostly on analysis, information and business traits; wonderful problem-solving, organizational and analytical abilities
- Glorious observe file working with technical and non-technical groups to ship enterprise outcomes
- Extremely-autonomous chief with a observe file of setting imaginative and prescient and focusing organizations in target-rich environments
- BA/BS in Finance, Economics, Pc Science, Electrical Engineering, Arithmetic, Statistics, a associated technical subject, or equal sensible expertise
- Most popular {qualifications}:
- Expertise constructing on-line monetary merchandise, working with shopper banking or capital markets and/or data of the buyer finance business is a plus
- Expertise at a growth-stage firm or tech firm
- Previous collaboration with AI, machine studying or information science groups
Place Location – This position is out there within the following areas: Distant, San Mateo, Columbus, Austin
Time Zone Necessities – This workforce operates on the East/West Coast time zones.
Journey Necessities – As a digital first firm, nearly all of your work could be achieved remotely. The vast majority of our staff can dwell and work anyplace within the U.S however are inspired to to nonetheless spend prime quality time in-person collaborating by way of common onsites. The in-person periods’ cadence varies relying on the workforce and position; the management workforce for Capital meets quarterly for 3-4 consecutive days at a time. If you want to journey to make these meetups, Upstart will cowl all journey associated bills.
What you will love:
- Aggressive Compensation (base + bonus & fairness)
- Complete medical, dental, and imaginative and prescient protection with Well being Financial savings Account contributions from Upstart
- 401(ok) with 100% firm match as much as $4,500 and quick vesting and after-tax financial savings
- Worker Inventory Buy Plan (ESPP)
- Life and incapacity insurance coverage
- Beneficiant vacation, trip, sick and security go away
- Supportive parental, household care, and army go away applications
- Annual wellness, expertise & ergonomic reimbursement applications
- Social actions together with workforce occasions and onsites, all-company updates, worker useful resource teams (ERGs), and different curiosity teams corresponding to guide golf equipment, health, investing, and volunteering
- Catered lunches + snacks & drinks when working in places of work
#LI-REMOTE
#LI-Director
At Upstart, your base pay is one a part of your whole compensation package deal. The anticipated base wage for this place is predicted to be inside the beneath vary. Your precise base pay will rely in your geographic location–with our “digital first” philosophy, Upstart makes use of compensation areas that change relying on location. Particular person pay can also be decided by job-related abilities, expertise, and related training or coaching. Your recruiter can share extra concerning the particular wage vary in your most popular location in the course of the hiring course of.
As well as, Upstart supplies staff with goal bonuses, fairness compensation, and beneficiant advantages packages (together with medical, dental, imaginative and prescient, and 401k).
United States | Distant – Anticipated Base Wage Vary
$216,100—$299,000 USD
Upstart is a proud Equal Alternative Employer. We’re devoted to making sure that underrepresented courses obtain higher entry to reasonably priced credit score, and are simply as dedicated to embracing variety and inclusion in our hiring practices. We rejoice all cultures, backgrounds, views, and experiences, and know that we are able to solely turn into higher collectively.
When you require affordable lodging in finishing an utility, interviewing, finishing any pre-employment testing, or in any other case taking part within the worker choice course of, please e-mail [email protected]