Senior Compliance Data Analyst, Lending Club
$82-125k
+ Bonus.
More information about location
3 days a week in office
Peer-to-peer lending website for personal loans
Job no longer available
Peer-to-peer lending website for personal loans
1001+ employees
Job no longer available
$82-125k
+ Bonus.
More information about location
3 days a week in office
1001+ employees
Company mission
Lending Club's mission is to transform the banking system to make credit more affordable and investing more rewarding. Its technology platform enables it to deliver innovative solutions to borrowers and investors.
Role
Who you are
- 2+ years of fair lending and/or BSA/AML experience in a regulated financial institution required; background in fintech preferred
- Knowledge of and experience in the Equal Credit Opportunity Act, the Fair Housing Act, CRA and other laws and regulations related to fair and responsible banking OR Knowledge of ad experience in BSA/AML laws and regulations, including but not limited to the Bank Secrecy Act, the USA PATRIOT Act, and OFAC/sanctions requirements
- 2-5 years of analytics experience with technical proficiencies in SQL, RStudio, Python, and/or SAS
- Effective communicator who can tailor discussions to various audiences; You have the ability to simplify complex analysis for non-technical audiences
- Passion for driving change with an ability to navigate multiple high and sometimes competing priorities
- Strong problem-solving skills and comfort working with ambiguity
- Bachelor’s degree or higher in related field: Analytics, Data Science, Statistics, Computer Science preferred; or equivalent work experience
- Experience with SolasAi and/or vendor BSA/AML alert generation and case management systems is a plus
What the job involves
- LendingClub Bank’s Compliance Department is seeking an experienced and qualified compliance professional to fill the role of Sr Compliance Data Analyst to support the data analytics needs of various Compliance functions
- This role will report to the Sr Director, Enterprise Compliance Data Analytics and will be responsible for developing, implementing, and maintaining various reports and processes to mitigate fair lending risk and supporting the BSA/AML team to ensure appropriate coverage of the money laundering and terrorist financing risk posed to the institution
- The Sr Data Analyst will partner with the credit risk teams and compliance leadership to ensure adherence to BSA/AML, Fair Lending, and other compliance regulations as required
- Partner with the Fair Lending team to perform quantitative analysis and qualitative assessments of the fair lending risk associated with LendingClub’s credit models and overlays in accordance with the Fair Lending Standard
- Aggregate data to validate statistical reviews for disparate impact (DI) across various product offerings and models
- Perform ongoing monitoring using KPIs / KRIs to identify potential (DI), degradation of customer risk rating models and/or transaction monitoring utilized by the BSA/AML team, etc
- Perform tests of statistical significance when established thresholds (such as Adverse-Impact Ratios) are breached
- Conduct tuning of existing AML transaction monitoring and customer risk rating model/rules and develop new rules as needed
- Collaborate with partners across Credit Risk, Compliance, and the BSA/AML team to deliver ad-hoc reporting
- Use creativity, analytical expertise, and sound judgment to identify and mitigate risk
- Assist in preparing periodic reporting materials for executive leadership
- Assist in regulatory exam readiness and internal audit reviews
- Perform UAT to support upstream data enhancements, new data pipelines, etc., that impact compliance analytics efforts
- If you need to travel for work, LendingClub will cover your travel related expenses
Our take
Lending Club offers peer-to-peer lending with benefits for both parties: the lender earns interest, whilst the borrower pays less interest than they would to a traditional bank. Through its marketplace, Lending Club is seeking to improve the financial health of its customers by helping them consolidate their debts.
Lending Club went from a small group on Facebook to a fully-fledged financial institution offering refinancing and small business products in just ten years of operation. The company now has more than 4 million members, and it was one of the first to offer online lending in an era that has seen a significant shift towards digital-first banking.
In February 2021, the company announced its acquisition of Radius Bank. Dubbed a fintech disrupter initially, some saw its move into banking as a step towards a more traditional model. A year after closing the acquisition, however, LendingClub merged the marketplace model and traditional banking, allowing for the growth and innovation of a fintech with the financial profile and resiliency of a bank.
Freddie
Company Specialist
Insights
Some candidates hear
back within 2 weeks
-8% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Apr 2014
$65m
GROWTH EQUITY VC
Nov 2013
$57m
GROWTH EQUITY VC
Total funding: $332m
Company benefits
- Untracked vacation for salaried employees, which means take it when you need it, and generous paid time off for hourly team members
- A hybrid work model that balances in-office and work from home
- Leading health and safety protocols related to COVID, including complimentary at-home testing kits from Cue Health for those coming to the office
- Up to 16 weeks paid leave for new parents, plus a fully paid, phased return-to-work policy for qualified leaves
- Mothers Rooms and hospital-grade pumps in every LC office
- Generous and varied mental health benefits
- Wellness program with cash incentives — earn up to $75 per month for being active
- Paid volunteer time and donation matching
- Onsite gym, locker room, bike room, and fitness classes (depending on location)
- Café with our own in-house barista
- Stocked pantries with healthy snacks and drinks
- Technology-forward and collaborative office spaces
Company values
- Do What's Right
- Know Your Stuff
- Evolve With Purpose
- Be Confident With Humility
- Make Impossible Happen
- Act Like An Owner
Company HQ
South Beach, San Francisco, CA
Articles
Leadership
Scott Sanborn
(CEO)Previously held leadership positions as the Chief Revenue Officer for publicly-traded eHealth Insurance, President of RedEnvelope, Inc., and SVP at the Home Shopping Network. Joined LendingClub in 2010 and has worked as Chief Marketing Officer, Chief Operations Officer, and President. Became CEO in 2016.
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