Enterprise and Operational Risk Manager, Lending Club

$110-125k

The position is also eligible to receive a bonus (which is based on company performance, employee performance and eligible earnings) and equity

Excel

Mid and Senior level

San Francisco Bay Area

More information about location

3 days a week in office

Online personal loans

Be an early applicant

Online personal loans

1001+ employees

FintechB2CBankingMarketplacePersonal financeLending

Be an early applicant

$110-125k

The position is also eligible to receive a bonus (which is based on company performance, employee performance and eligible earnings) and equity

Excel

Mid and Senior level

San Francisco Bay Area

More information about location

3 days a week in office

1001+ employees

FintechB2CBankingMarketplacePersonal financeLending

Company mission

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.

Job

Company

Role

Who you are

3-5 years of relevant experience in the financial services industry, preferably in federally-regulated banking institution
Bachelor’s degree preferred in a related field of study; or equivalent work experience
Self-starter, willing to take ownership and drive initiatives to resolution while reporting appropriately on progress made and raising awareness when difficulties are encountered
Ability to deliver quality results in the face of competing priorities, aggressive timelines, and evolving direction
Strong problem solving and analytical skills, particularly with large data sets
Excellent proficiency in Microsoft Excel, PowerPoint, Visio, and other Office products
Exceptional organizational skills with strong attention to detail and accuracy

What the job involves

LendingClub’s Enterprise and Operational Risk Management (EORM) department is seeing a talented and experienced individual for the position of Enterprise and Operational Risk Manager
This position will report directly to the Sr Enterprise and Operational Risk Manager and will be responsible for assisting in the buildout and ongoing execution of the team’s Risk Identification and Assessment Program (RIAP)
Specific areas of focus involve understanding and assisting in the coordination of the various risk 2nd Line assessments on risk areas including but not limited to compliance, BSA/AML, fraud, enterprise, and product-level
The successful candidate for this role will be someone who is excited to work cross-functionally to strengthen the Bank’s broad risk management program, is eager to learn about our risks, and loves to build and streamline processes
Support the buildout of the team’s first Risk Identification and Assessment Program, which is being developed to help standardize, streamline, and execute our 2nd Line risk assessments
Support other 2nd Line teams, including Regulatory Compliance and Financial Crimes Compliance, in the coordination of risk assessment activities
Help develop reporting to understand the process-, risk-, and controls-related insights gained from risk assessment activities; develop presentations used for leadership and committees
Project-manage risk assessment-related initiatives, working with multiple stakeholders to align on milestones and due dates; develop regular progress reporting to Sr. Operational Risk Manager and the VP, Head of Enterprise and Operational Risk Management
Draft and revise operational procedures; review risk assessment-related methodologies and procedures to help ensure alignment against RIAP standards
Become deeply familiar with the Bank’s Governance, Risk, and Compliance (GRC) tool
Conduct research to identify and leverage industry best practices
Perform other EORM task as necessary, under the direction of the VP, Head of Enterprise and Operational Risk Management

Our take

Lending Club is a digital bank offering personal loans, auto loan refinancing, and debt consolidation to help individuals manage their finances. It provides flexible loan terms and competitive rates for a variety of needs, as well as high-yield saving and cash-back checking accounts, designed to help customers grow their money.

Focusing on digital solutions, Lending Club removes traditional brick-and-mortar branches, passing the savings on to customers through low fees and better rates. Connecting borrowers with investors in a marketplace model and offering fast loan approvals and competitive interest rates. And it's working, as the platform boasts over 5M members.

To bolster this success, the company acquired Tally Technologies' intellectual property (IP) in a strategic move to enhance its credit management services. By integrating Tally's technologies, Lending Club is set to strengthen its offerings and further improve customer engagement for a future of growth in the digital banking space.

Freddie

Company Specialist at Welcome to the Jungle

Insights

Top investors

-8% employee growth in 12 months

Glassdoor (3.3)

Trustpilot (4.6)

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 HQ

South Beach, San Francisco, CA

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 before becoming the CEO in 2016.

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