Compliance Advisory Manager, Lending Club
$81-125k
+ Performance based bonus + Equity
More information about location
3 days a week in office
Online personal loans
Be an early applicant
Online personal loans
1001+ employees
Be an early applicant
$81-125k
+ Performance based bonus + 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
- 3+ years of relevant experience in financial services risk and compliance functions; Bachelor’s degree in a related field of study; or equivalent work experience
- Ability to develop and lead compliance programs to address complex problems or needs; ability to drive results by leveraging strong business relations and project management
- Ability to deliver quality results in the face of competing priorities, aggressive timelines, and evolving direction
- Self-starter, willing to take ownership and drive initiatives to resolution while reporting appropriately on progress made and raising awareness when difficulties are encountered
- Exceptional organizational skills with strong attention to detail and accuracy
- Strong problem solving and analytical skills, particularly with large data sets
- Desire and ability to quickly learn about the activities of our unique business model, advanced technology capabilities, and evolving regulatory environment
- Familiarity with federal regulations related to the following activities: FCRA, FDCPA, MLA/SCRA, TCPA, , EFTA, Reg E, Reg B, SCRA/MLA and other banking and lending-related federal and state laws and regulations
- Certified Regulatory Compliance Manager (CRCM) certification preferred
- Experience supporting regulatory examination and compliance audits, including developing and tracking timely corrective action
- Excellent proficiency in Microsoft Excel, PowerPoint, Visio, and other Office products
What the job involves
- LendingClub’s Compliance Team is looking for a talented and experienced Compliance Advisory Manager - Operations
- You'll be responsible for assisting the Lending Operations Compliance Officer with the assessment of risks associated with all laws, regulations, and regulatory rules applicable across the lending life cycle and to ensure appropriate and sufficient controls are in place to mitigate those risks
- Specific areas of operational focus include credit policy development, model testing and validation, applicant sourcing, application processing and underwriting, funding, account servicing, collections, and asset recovery
- Areas of regulatory focus include, Bank Operations (Call Center), Payments, Disputes Collections with focus on horizontal regulations, but are not limited to FCRA, FDCPA, MLA/SCRA, TCPA, EFTA, Reg E, Reg B, SCRA/MLA and other banking and lending-related federal and state laws and regulations
- You'll report directly to the Sr Director, Lending OperationsAdvisory Compliance
- Assist with the assessment of all regulatory risks related to lending and banking operations, with focus on horizontal regulations across the bank. Identify gaps in controls, highlighting areas of highest risk, and developing appropriate risk mitigation strategies
- Develop and maintain policies, standards, and other documented measures to formally set forth the principles and practices of regulatory compliance related to lending operations
- Work with business leaders and management to socialize lending and banking operations compliance principles and practices and assist with developing procedures, systems, and processes to execute policy requirements (i.e., Compliance Advisory)
- Lead compliance oversight and establish horizontal programs with senior business leaders for FDCPA, FCRA, TCPA, SCRA/MLA
- Assist with the development of regulation-based training and targeted role-based training covering the laws, regulations, and policy requirements related to lending operations
- Establish monitoring protocols to assess and measure operations compliance with legal and regulatory requirements and identify defects and deficiencies requiring corrective action
- Ensure material compliance issues identified by any means and through any source related to lending operations are recorded, tracked, and reported to ensure their appropriate and timely resolution
- Coordinate with Regulatory Change Management to identify new or changes to laws, regulations, and regulatory guidance related to lending operations compliance and work with business management to operationalize requirements
- Prepare, deliver, and effectively communicate analysis and reporting regarding bank and lending operations compliance to oversight committees and 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
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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