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
More information about location
3 days a week in office
Online personal loans
Job no longer available
Online personal loans
1001+ employees
Job no longer available
$110-125k
The position is also eligible to receive a bonus (which is based on company performance, employee performance and eligible earnings) and equity
More information about location
3 days a week in office
1001+ employees
Company mission
To transform the banking system to make credit more affordable and investing more rewarding.
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. It connects borrowers with investors in a marketplace model and offers fast loan approvals and competitive interest rates.
To bolster its offering, the company acquired Tally Technologies' intellectual property (IP) to enhance its credit management services. It continues to develop and enhance its products and improve customer engagement in a bid to become a "top of mind" company with more active users.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-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 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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