Enterprise Compliance Strategy and Program Governance Manager, Lending Club
$83-128k
+ Bonus based on company performance, employee performance and eligible earnings + Equity
2+ days a week in office
Peer-to-peer lending website for personal loans
Open for applications
Peer-to-peer lending website for personal loans
1001+ employees
Open for applications
$83-128k
+ Bonus based on company performance, employee performance and eligible earnings + Equity
2+ 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
- 5+ years of regulatory compliance and/or BSA/AML and sanctions experience within a regulated financial institution
- Bachelor’s or master's degree in a related field; or equivalent work experience
- Extensive knowledge of consumer financial protection and BSA/AML laws and regulations,; Certified Regulatory Compliance Manager (CRCM) and/or Certified Anti-Money Laundering Specialist (CAMS) certification preferred
- Excellent verbal, written communication, and presentation skills with strong interpersonal skills to successfully influence strategic initiatives at all organizational levels
- Passion for driving change with an ability to navigate multiple high and sometimes competing priorities
- Familiarity with transaction monitoring and suspicious activity case management systems
What the job involves
- LendingClub Bank’s Enterprise Compliance Organization (ECO) team, as part of the Enterprise Risk Management team, is responsible for maintaining an effective enterprise-wide compliance program, which consists of the BSA/AML, sanctions (Financial Crimes Compliance (FCC)) and regulatory compliance programs
- In this role, you will support, and assist in the development of a strong system of controls to help maintain compliance with all applicable banking regulations
- We are looking to hire an Enterprise Compliance Strategy and Program Governance Manager to support the Bank’s ECO program
- In this key role, you will be responsible for supporting the buildout, ongoing governance and day-to-day execution of all aspects of the FCC and regulatory compliance programs
- This position will report to the Sr. Director of the Enterprise Compliance Program Office and assist with implementation of key program controls, conducting new product and initiative reviews, conducting risk assessments, implementing compliance oversight for third parties, responding to audit and external due diligence needs, assist in regulatory examination management, execution of strategic initiatives, and identifying and addressing opportunities for process enhancements
- Develop, oversee and execute the FCC and regulatory compliance program activities
- Serve as a subject matter expert (SME) or liaison for the Bank’s business partners in ad hoc or strategic initiatives and work with program SME’s to achieve results
- Facilitate the change management process for new products and initiatives and coordinate responses from FCC and regulatory compliance SMEs
- Participate, coordinate, and manage regular governance activities, including annual BSA/AML and OFAC, regulatory compliance, and fraud risk assessments
- Coordinate and manage third party risk management process for FCC and regluatory compliance risks
- Assist with the preparation of management and board committee reporting under the direction of the Chief Compliance Officer, the Deputy Chief Compliance Officer, and/or the BSA / AML and Sanctions Officer
- Collaborate with ECO team members in initiatives to strengthen, develop, and support policies and procedures related to BSA/AML and sanctions compliance, as well as regulatory compliance, activities
- Assist with monitoring and ensuring timely updates and escalation of open compliance issues
- Monitor and assist with the development of risk appetite metrics and other key risk and performance indicators
- Provide support for other ECO program initiatives and activities as needed, including internal and external audits or regulatory exams and strategic projects
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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