Capital Markets Manager

OhioX; Northern (KY); Hybrid; USD 168,000 - 233,000; Full time

Benefits offered by this job

Competitive pay

Annual equity grants

401(k) plan

ESPP

Health coverage

Paid time off

Family leave

Job summary

Upstart, the AI lending marketplace, seeks a Capital Markets Manager - Institutional Capital to shape funding strategy and drive end-to-end investor transactions. You’ll manage relationships, structure deals, and coordinate with legal, operations, analytics, and accounting in a fast-paced, remote-friendly environment.

You’ll bring 6–8 years in capital markets or structured finance, strong modeling and risk assessment skills, and knowledge of unsecured loans, auto, or HELOC products.

Qualifications

• 6-8 years of relevant experience in Capital Markets, Structured Finance/Products, investment banking, or related fintech roles
• Extensive modeling, credit analysis, and transaction documentation review skills
• Track record of exercising sound judgment on risk allocation and commercial terms
• Knowledge of consumer lending product (unsecured PL, auto, HELOC) is a plus

Responsibilities

• Manage end-to-end investor relationships: structuring, term negotiation, deal execution
• Drive clarity in ambiguous environments and manage competing priorities with high quality execution, across multiple stakeholders (legal, operations, analytics, accounting)
• Contribute to building a scalable, resilient capital markets infrastructure as we grow
• Provide cross functional teams and senior leaders with a clear, well-calibrated view of investor sentiment, market appetite, and emerging funding opportunities
• Coach and mentor other team members regardless of title/level – you clearly bring something unique to the table!

Skills

Capital Markets

Structured Finance

Investment Banking

Fintech

Job description

About Upstart

At Upstart, we’re united by a mission that matters: to radically reduce the cost and complexity of borrowing for all Americans. Every day, we bring creativity, experimentation, and advanced AI to reshape access to credit, helping millions move forward financially with clarity and confidence.

As the leading AI lending marketplace, we partner with banks and credit unions to expand access to affordable credit through technology that’s both radically intelligent and deeply human. Our platform runs over one million predictions per borrower using more than 3,000 signals, powering smarter, fairer decisions for millions of customers. But the numbers only hint at the impact. Every idea, every voice, and every contribution moves us closer to a world where credit never stands between people and their financial progress.

We’re proudly digital-first, giving most Upstarters the flexibility to do their best work from wherever they thrive, alongside teammates across 80+ cities in the US and Canada. Digital-first doesn’t mean distant. We’re intentional about in-person connection through team onsites, planning sessions, and moments that spark creativity and trust. And whether you choose to work primarily from home or collaborate in-person from one of our offices in Columbus, Austin, the Bay Area, or New York City, you’ll have the support to work in the way that works best for you.

If you’re energized by tackling meaningful problems, excited to innovate with purpose, and motivated by work that truly matters, we’d love to hear from you.

The Capital Markets team is the funding engine for Upstart’s AI lending marketplace.

We partner with leading institutional investors across a diverse range of financing and funding solutions including securitizations, whole loan sales, co-investment partnerships and other structured transactions. The Institutional Capital team has built a durable capital franchise with a track record of over $10+B of funding capacity closed. We own Upstart’s whole loan relationships from lead generation to deal close across forward flow and back book transactions. Upstart’s funding engine starts with this team. We connect product innovation and borrower demand with scalable, risk-adjusted capital.

As the Capital Markets Manager - Institutional Capital, you will play a critical role in shaping our overall funding strategy. You are comfortable driving deals from inception through execution, bring deep expertise in structured finance, and approach established concepts with first-principles thinking. You have cultivated a strong industry network and are a genuine, trusted partner to both internal and external stakeholders. You thrive in nimble, fast-paced environments, with an exceptional ability to bring clarity and structure to complexity. We are looking for someone who shares our passion for harnessing financial innovation and capital markets to expand access to credit at a massive scale.

Position Location -

Local team members typically meet in person in the New York, NY or Burlingame, CA office once to three times weekly and work from home the rest of the time.

Time Zone Requirements -

This team operates on the East/West Coast time zones.

Travel Requirements -

As a digital first company, the majority of your work can be accomplished remotely. The majority of our employees can live and work anywhere in the U.S but are encouraged to to still spend high quality time in-person collaborating via regular onsites. The in-person sessions’ cadence varies depending on the team and role; most teams meet ~twice per quarter for 3-4 consecutive days at a time.

How you’ll make an impact

• Manage end-to-end investor relationships: structuring, term negotiation, deal execution
• Drive clarity in ambiguous environments and manage competing priorities with high quality execution, across multiple stakeholders (legal, operations, analytics, accounting)
• Contribute to building a scalable, resilient capital markets infrastructure as we grow
• Provide cross functional teams and senior leaders with a clear, well-calibrated view of investor sentiment, market appetite, and emerging funding opportunities
• Coach and mentor other team members regardless of title/level – you clearly bring something unique to the table!

What we’re looking for

• 6-8 years of relevant experience in Capital Markets, Structured Finance/Products, investment banking, or related fintech roles
• Extensive modeling, credit analysis, and transaction documentation review skills
• Track record of exercising sound judgment on risk allocation and commercial terms
• Knowledge of consumer lending product (unsecured PL, auto, HELOC) is a plus

At Upstart, your base pay is one part of your total compensation package. The anticipated base salary for this position is expected to be within the below range. Your actual base pay will depend on your geographic location–with our “digital first” philosophy, Upstart uses compensation regions that vary depending on location. Individual pay is also determined by job-related skills, experience, and relevant education or training. Your recruiter can share more about the specific salary range for your preferred location during the hiring process.

In addition, Upstart provides employees with target bonuses, equity compensation, and generous benefits packages (including medical, dental, vision, and 401k).

United States | Remote - Anticipated Base Salary Range

$168,400 — $232,900 USD

What you'll love

At Upstart, our benefits are designed to support your health, financial well-being, family, and personal growth. Here’s what you can expect:

• Competitive compensation, including base pay, bonus opportunities, and annual equity grants that vest quarterly
• Retirement benefits to help you plan for the future, including a 401(k) or Group Retirement Savings Plan with a company match of $2 for every $1 contributed, up to $15,000 annually (USD in the US, CAD in Canada)
• Employee Stock Purchase Plan (ESPP) with discounted stock purchase options for eligible employees (US only)
• Comprehensive health coverage designed to support you and your family, including medical, dental, vision, and wellness resources for US and supplemental health coverage for Canada.
• Health Savings Account contributions from Upstart for eligible plans (US only)
• Income protection benefits, including life insurance and disability coverage for added financial security
• Paid time off, sick leave, and company holidays, in line with local requirements
• Paid family and parental leave to support caregiving and major life moments (duration varies by country)
• Family-centered benefits to support fertility, parenthood, and caregiving needs
• Employee Assistance Program (EAP) offering mental health support and life-centered resources
• Financial wellness resources, including access to financial planning tools and a financial concierge service (US Only)
• Annual wellness allowance to support your physical and emotional well-being and personal development, based on what matters most to you
• Annual productivity allowance to invest in relevant tools and resources you need to do your best work, no matter where you work from
• Connection and community through team events, all-company updates, and employee resource groups (ERGs)
• Onsite perks, including catered lunches and fully stocked micro-kitchens when working from one of our offices in the Bay Area, Austin, Columbus, and New York City

For roles based in Canada, please note that we are not currently able to hire in Quebec.

Upstart is a proud Equal Opportunity Employer. Just as we are dedicated to improving access to affordable credit for all, we are committed to inclusive and fair hiring practices.

If you require reasonable accommodation in completing an application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please email [e-mail]