Third Party Oversight Manager, Lendable
+ Equity.
More information about location
3+ days a week in office
Fintech Unicorn - Lending Platform
Open for applications
Fintech Unicorn - Lending Platform
201-500 employees
Open for applications
+ Equity.
More information about location
3+ days a week in office
201-500 employees
Company mission
To make consumer finance amazing: faster, cheaper and friendlier.
Role
Who you are
- Risk Management Superstar: You'll need a keen eye for spotting risks and a knack for managing them like a pro. Keeping up with regulatory requirements and protecting our interests is crucial
- Relationship Whisperer: Building strong relationships with our third-party providers is key. You'll be the master of communication, negotiation, and conflict resolution
- Compliance Champion: Staying on top of regulations is a must
- Strategic Visionary: You're not just here to oversee third-party relationships; you're here to align them with our long-term goals. You'll be evaluating potential partners, assessing their capabilities, and making sure they fit our strategic vision
- Problem-Solving Ninja: Challenges? Bring 'em on! You're a pro at identifying and solving problems efficiently. Whether it's addressing risks or finding solutions to unexpected issues, you'll handle it like a true ninja. Let's tackle problems head-on and keep things running smoothly!
What the job involves
- We are looking for a Third Party Oversight Manager at Lendable who would be responsible for managing supplier relationships, ensuring compliance with regulatory standards, and enhancing supplier performance through continuous monitoring and feedback
- This role involves rigorous due diligence during supplier selection and onboarding, proactive risk management, and fostering strong collaborations with both suppliers and internal stakeholders to align objectives and drive improvements
- Oversight: Maintain and manage appropriate oversight of our Third party suppliers
- Supplier selection and onboarding: Ensure transparent, robust and compliant selection of all suppliers, and an efficient onboarding process
- Supplier performance management: Set clear expectations through solid, achievable SLA’s and KPI’s in the contract, and regular performance management
- Compliance and risk management: Take a 360 degree view of compliance and risk management, ensuring existing regulation is adhered to and alignment with future direction is maintained
- Relationship management: Build trusting, effective relationships that deliver
- Collaborate with stakeholders to identify potential suppliers and conduct thorough due diligence assessments
- Ensure that all suppliers meet regulatory requirements and adhere to industry best practices
- Monitor supplier performance against established KPIs and SLAs, identifying areas for improvement and implementing corrective actions
- Conduct regular performance reviews and provide feedback to suppliers, addressing any issues or concerns
- Collaborate with suppliers to develop and implement improvement plans, fostering continuous enhancement of service quality
- Stay up-to-date with relevant legislation, regulations, and industry guidelines related to debt collection
- Ensure that all suppliers comply with legal and regulatory requirements, including data protection and consumer rights
- Identify and mitigate potential risks associated with third-party relationships, implementing appropriate controls and monitoring mechanisms
- Foster strong relationships with key suppliers, acting as the main point of contact for escalations and issue resolution
- Collaborate with internal stakeholders to align objectives and ensure effective communication with suppliers
- Conduct regular meetings and performance reviews with suppliers to maintain open lines of communication and drive continuous improvement
Application process
- A quick phone call with one of the team
- A short exercise to complete in your own time
- Onsite Interview
- Discuss the exercise you completed
- Meet the team you’ll work with daily
- Meet the exec team
Salary benchmarks
Our take
Lendable competes with banks, other marketplace lenders, and consumer finance companies to provide loans to consumers, small businesses, and property developers. Last year the UK marketplace lenders loaned £7.3bn in total.
Lendable believes it can win in this crowded field due to its market-best customer service and its strong financials. Unlike Zopa, RateSetter, or Lending Works, their funding comes from institutional investors.
It originates and services the loans on behalf of institutional investors, but does not hold them on its own balance sheet.
Growing insolvencies will worry all marketplace lending platforms, but Lendable looks well placed to weather any credit storm given their substantial debt financing.
Steph
Company Specialist at Welcome to the Jungle
Insights
Some candidates hear
back within 2 weeks
40% female employees
72% employee growth in 12 months
Company
Employee endorsements
Challenging work
"At Lendable I'm in a position to make decisions and engineer solutions on a product that's worth billions and growing all of the time. This brings..."
Funding (last 2 of 3 rounds)
Mar 2022
$265.4m
GROWTH EQUITY VC
Sep 2017
$6.5m
SERIES A
Total funding: $275.1m
Company benefits
- Cycle to Work scheme
- Onsite Yoga
- Lunch cooked by onsite chefs 3 times a week
- 25 days holiday (excl. bank holidays)
- Work from home opportunities on Monday and Friday
- Private Health Insurance (inclusive of dental and pre-existing conditions)
- Share Options for all Employees
- Regular team and company wide socials
- Pension
Company HQ
London, UK
Articles
Leadership
Martin Kissinger
(Co-Founder & CEO)Studied Economics as an undergraduate at LSE before doing an MPhil at Oxford University. Worked as an Entrepreneur in Residence at Rocket in Berlin.
Paul Pamment
(Co-Founder)Studied Mathematics at Oxford University before taking up technical roles at a handful of startups.
Jakob Schwarz
(Co-Founder)Worked as an Analyst at Goldman Sachs and then BCG before founding Lendable.
Victoria van Lennep
(Co-Founder)Worked as the Deputy Editor at the Economist before joining Martin Kissinger to co-found Lendable!
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