Senior Product Manager, Lending Club
RegTech
$176-200k
+ 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
$176-200k
+ 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
- 6+ years in product management, with at least 4 years focused on regulatory compliance, data governance, or a similar field in financial services/consumer banking
- Experience in working with regulatory frameworks such as GDPR, CCPA, SOC2, PCI-DSS, and AML
- Proven track record of launching and managing products in heavily regulated environments
- Familiarity with Agile Product Development methodologies
- Strong understanding of financial crime prevention and detection tools and technologies
- Familiarity with tools for backlog management like JIRA
- Leadership & Communication: Exceptional ability to influence, collaborate, and communicate with cross-functional stakeholders and senior management
- Analytical Skills: Strong analytical and problem-solving abilities, with a keen eye for risk identification and mitigation
- Education: Bachelor’s degree in business, law, finance, or a related field. Advanced degree (MBA, JD) is a plus
What the job involves
- The Product Manager for RegTech will spearhead efforts in areas such as Data Governance, Financial Crimes/AML, Compliance, Privacy, and Security
- This role will collaborate closely with cross-functional stakeholders including legal, compliance, design, engineering, security, business, program management and operations
- Financial Crimes & AML: Oversee product features and workflows that prevent and detect financial crimes, including fraud and anti-money laundering (AML) compliance
- Security and Compliance: Collaborate with the security team to develop and implement features that safeguard product integrity and protect against breaches, while maintaining adherence to SOC2, PCI-DSS, and other relevant frameworks
- Risk Management: Identify, assess, and mitigate risks related to regulatory requirements in collaboration with the risk management team. Develop and implement proactive solutions to ensure ongoing compliance
- Stakeholder Communication: Communicate regulatory requirements and product impacts clearly and effectively to key stakeholders and senior leadership, to ensure alignment and support
- Continuous Monitoring & Improvement: Stay up to date with evolving regulatory landscapes and drive continuous improvements and innovations in product offerings that reflect these changes
- Data Governance & Privacy: Drive product initiatives related to data privacy (GDPR, CCPA) and ensure best practices in data governance to meet regulatory requirements and protect member information
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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