Legal Intern, Upgrade
Privacy
More information about location
2 days a week in office
Offering responsible credit to mainstream consumers
Be an early applicant
Offering responsible credit to mainstream consumers
1001+ employees
Be an early applicant
More information about location
2 days a week in office
1001+ employees
Company mission
To help our customers move in the right direction with responsible financial products that put more money in their pocket.
Role
Who you are
- Must currently be enrolled in law school at a US accredited college or university, with an anticipated graduation date of Spring 2025 or later
- Demonstrated strong interest in and foundational understanding of the broader landscape of consumer data protection laws and regulations in the US and internationally. This includes, but is not limited to, laws concerning data privacy (e.g., CCPA/CPRA, GDPR, other US state laws), data security, marketing and advertising (e.g., TCPA, CAN-SPAM), financial data (e.g., GLBA), and emerging areas like artificial intelligence (AI) regulation and biometrics
- Completion of relevant law school coursework or holding an IAPP certification (e.g., CIPP/US, CIPP/E) is a strong advantage
- Basic proficiency with Microsoft Office products (including Excel), project management software, and/or contract lifecycle management (CLM) software; data entry experience is preferred, along with familiarity with Slack and Google Workspace (G Suite)
- Exceptional project management and time management skills: You possess sound judgment in time-sensitive, high-pressure situations, can work autonomously and independently with minimal guidance, and are also a collaborative team player
- Excellent analytical and problem-solving skills with meticulous attention to detail and a commitment to accuracy
- Eagerness to learn about the fintech industry and the practical application of privacy law within an in-house commercial legal setting
- Ability to manage multiple tasks effectively, work independently, take ownership of responsibilities, and consistently meet deadlines
- Familiarity with privacy-enhancing technologies or concepts is a plus
What the job involves
- Schedule: Full Time (3 month duration) Start date May 19, 2025
- The Privacy Legal Intern will be an integral part of Upgrade's privacy legal team in San Francisco
- This exciting 3-month summer internship offers a unique opportunity to gain practical legal experience in the dynamic and critical field of data privacy and protection
- You will directly contribute to building and improving privacy contract processes, enhancing data-driven legal technology implementations, and working closely with experienced attorneys and contract managers to support key legal department objectives
- This role provides significant exposure to real-world privacy challenges and the development of internal privacy processes within a high-growth fintech environment
- As a valued member of the legal team, you will play a meaningful role in optimizing our contracting processes and gaining valuable insights into in-house commercial legal practice with a strong privacy focus
- Develop a comprehensive understanding of the key characteristics of commercial agreements and, with a specific focus, Data Processing Agreements (DPAs). You will assist in the review, drafting, and negotiation of DPAs under the close supervision of a member of the legal team to ensure compliance with applicable data protection laws
- Contribute to the development and implementation of internal company processes related to privacy compliance, such as data subject rights request handling, consent management, and data transfer mechanisms. Develop a strong understanding of modern legal operations tools, including project management platforms, contract lifecycle management (CLM) systems, and data lifecycle management software such as Ironclad, OneTrust, and Jira
- Assist in the meticulous maintenance of our contract repository, including auditing, organizing, and archiving legal agreements in accordance with established department procedures within our Ironclad and OneTrust platforms
- Accurately track, update, and contribute to the improvement of contract data within contract lifecycle management tools like Ironclad
- Assist attorneys and contract managers with routine requests and the efficient management of contract workflow processes
- Provide general administrative and project support for legal department initiatives and the implementation of legal technology solutions as needed
- Learn and demonstrate a strong understanding of the regulatory and risk environment surrounding data privacy through focused research and proactive issue-spotting, all under the guidance of experienced legal counsel
- Accompany legal team members to substantive meetings across the organization to gain firsthand exposure to privacy-related discussions and decision-making processes
Our take
Most credit cards don't encourage the owner to pay down their debt. The longer it takes to pay off the balance, the more money lenders are set to make. Upgrade is an online lender and card issuer doing things differently. The company offers personal loans and credit cards but with a fixed instalment structure and a set number of equal payments. This ensures the balance reduces every month.
The company believes this model reduces default rates, as borrowers are forced to pay down rather than maintain their debt, and it encourages a greater commitment to repay the balance. Further, by combining the ease of a Visa card with the fixed payments and decreased rates of a personal loan, Upgrade sets itself apart from competitors.
In 2021, Upgrade launched its mobile banking and debit card as a strategy to onboard new customers and increase loyalty. The fixed-rate nature of the company's cards is expected to be of use to customers in future years in an environment of rising rates. Upgrade also plans to expand beyond the U.S. in the future, which will represent new challenges for the business as it adapts to alternative regulations.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
18% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Nov 2021
$280m
SERIES F
Aug 2021
$105m
SERIES E
Total funding: $547m
Company benefits
- Stock option plan
- 100% paid coverage of medical, dental and vision insurance
- Flexible PTO
- Opportunities for professional growth and development
- Paid parental leave
- Health & wellness initiatives
Company HQ
Financial District, San Francisco, CA
Leadership
Renaud Laplanche
(Co-Founder & CEO)After an MBA at London Business School, Renaud spent 5 years as an Associate at Clearly Gottlieb Steen & Hamilton and co-founded MatchPoint. They then left Oracle after a year to co-found Lending Club in 2006 and co-founded Upgrade in August 2016.
Adelina Grozdanova
(Co-Founder & Head of Investor Group)Adelina started their career with 6 years at Morgan Stanley after a degree at Princeton. They left banking in 2012 to join Lending Club as VP, and after 3 years co-founded Upgrade, serving as Head of Investor Group since 2016.
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