Senior Compliance Data Analyst, Lending Club
$81-125k
More information about location
2+ days a week in office
Online personal loans
Job no longer available
Online personal loans
1001+ employees
Job no longer available
$81-125k
More information about location
2+ 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
- 2-5 years of analytics experience with technical proficiencies in SQL, RStudio, Python, etc
- 2+ years of compliance/financial crimes compliance experience in a regulated financial institution with a background in fintech preferred
- Knowledge of BSA/AML laws and regulations, including but not limited to the Bank Secrecy Act, the USA PATRIOT Act, and OFAC/sanctions requirements, Equal Credit Opportunity Act, the Fair Housing Act, CRA and other laws and regulations related to fair and responsible banking; CAMS or other AML certification is a plus
- Experience and inquisitive in the use of AI tools as part of your analytical toolkit — for exploration, pattern recognition, and modeling
- 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, or equivalent combination of education and experience
What the job involves
- Happen Bank’s Compliance Team is looking for an experienced compliance data analytics professional to join the team
- In this role, you will be responsible for developing, implementing, and maintaining various reports and processes to support the Compliance organization
- Conduct tuning of existing BSA/AML transaction monitoring models/rules and watchlist screening processes; develop new processes as needed
- Execute on initiatives to streamline operational processes related to ad-hoc reporting and ongoing performance monitoring related to BSA/AML and regulatory compliance
- Enhance and Develop Community-Reinvestment Act (CRA) reporting to support the strategic plan
- Provide support for other Compliance related initiatives and activities as needed, including internal and external audits or regulatory exams and strategic projects; Collaborate with partners across Compliance, Technology, Model Risk Management, and Data Engineering to support deliverables
- Perform ongoing User-Acceptance Testing (UAT) to support new products/channels, ensuring coverage in transaction monitoring, customer risk rating, and screening models as required
- Use creativity, analytical expertise, and sound judgment to identify and mitigate risk
- Use AI tools fluently and stay current on new AI use cases, methods and bring them into your work thoughtfully
- Assist in preparing periodic reporting materials for executive leadership
- Assist in regulatory exam readiness and internal audit reviews
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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