Senior Director of Compliance Advisory, Lending Club
$160-248k
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
Open for applications
Online personal loans
1001+ employees
Open for applications
$160-248k
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. Its technology platform enables it to deliver innovative solutions to borrowers and investors.
Role
Who you are
- 12+ years in similar roles in regulated Banking entity either serving as a Compliance Officer, Internal Audit Function and/or Internal Controls Functions. Experience in working at a large bank and/or fin tech preferred
- Bachelor's or master's degree in a relevant field; or equivalent work experience
- Proficient in consumer compliance and related consumer protection regulations (i.e. ECOA, TISA, Reg Z, Reg DD, etc.), state laws and safety and soundness risks
- Demonstrated ability to manage exams, regulatory interactions and requests
- Experience in working in a fast paced dynamic environment with the ability to manage multiple programs and projects simultaneously
- Strong leadership skills with the ability to manage multiple staff of various experience levels while also being hands on
- Familiar with and experience managing within a Compliance Management System
- CRCM or similar certification preferred
What the job involves
- LendingClub Bank’s Compliance Department is seeking an experienced and qualified compliance professional to fill the role of Senior Director of Compliance Advisory
- The Senior Director will report to the Deputy Chief Compliance Officer (CCO) and provide compliance oversight and independent challenge across all Deposit and Lending products
- The Senior Director, as a senior level employee, will help set the Bank’s compliance risk management strategy and will work with senior leaders across the business to implement policies, procedures, and process controls designed to assure ongoing compliance with all applicable laws, regulations, and internal policies
- Develop and maintain enterprise compliance policies that set forth all law, rule and regulatory requirements to which the Bank and its employees must adhere
- Collaborate with first-line management to develop and implement operational procedures and process controls designed to assure compliance and provide independent oversight of compliance risks to identify and remediate deficiencies
- Directly oversee the Bank’s compliance activities related to Consumer Lending and Deposit businesses and provide leadership to the Compliance Advisory Team
- Coordinate with other compliance leaders on the identification and measurement of compliance risks and the adequacy of controls to mitigate those
- Lead and participate in discussions with senior management including within strategic priorities, risk assessments, regulatory change management, compliance monitoring and testing, training, issues management, consumer complaints, and third party risk
- Advise and credibly challenge Business Teams on the development and implementation of new or changes to products and services to assess compliance risks and ensure appropriate controls are in place to mitigate those risks
- Develop and present analysis and reporting to management on the status of the compliance program and material regulatory risks to the Bank
- Serve as a point of contact for compliance audits and regulatory examinations and spearhead corrective actions and remediation efforts
- Lead and mentor compliance staff to expand their regulatory knowledge and advance their skills to promote professional development and career growth
- Execute key responsibilities and make decisions on behalf of the Deputy CCO in his or her absence or as delegated by the CCO
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 recently 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
Few 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 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 before becoming the CEO in 2016.
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