ECO Data and Technology Manager, Lending Club
$82-125k
More information about location
3 days a week in office
Online personal loans
Open for applications
Online personal loans
1001+ employees
Open for applications
$82-125k
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.
Role
Who you are
- 3+ years of experience in AML, Compliance, Audit or Risk Management capacity and/or regulatory compliance technology at a regulated (OCC, FRB) financial institution
- Bachelor’s degree or higher in a related field; or equivalent work experience
- Experience and knowledge of regulatory compliance and BSA/AML laws and regulations, including but not limited to the Bank Secrecy Act, the USA PATRIOT Act, and OFAC/sanctions requirements
- Experience in implementing data and technology solutions (e.g., automated compliance monitoring, GRC systems, transaction monitoring, systems, case management platforms, watchlist screening, customer risk rating, FCC reporting)
- Strong communication skills and ability to partner with supporting organizations such as EPMO, Product and Engineering. Ability to drive change while navigating multiple high and sometimes competing priorities
- Well organized to manage and oversee project inventory, experience in writing BRD requirements and collaborating with ECO project sponsors to deliver results
- Experience overseeing technology implementations and enhancements
- Strong verbal, written communication, and presentation skills with strong interpersonal skills to successfully influence strategic initiatives at all organizational levels
What the job involves
- LendingClub Bank’s Enterprise Compliance Organization (ECO), as part of the Enterprise Risk Management, is responsible for maintaining an effective regulatory compliance, BSA/AML and sanctions compliance programs, including developing and supporting a strong system of controls
- The team coordinates day-to-day implementation of these efforts, including developing appropriate policies and procedures designed to assist the business units in conducting appropriate due diligence to detect, prevent, and report potentially suspicious activity
- We are seeking a ECO Data & Technology Manager
- This position is responsible for supporting the administration ECO’s strategy for technology
- This includes designing and managing technology strategy and projects involving Know-Your-Customer (KYC) programs, anti-money laundering (AML), sanctions and watchlist screening, and investigative tools; coordinating and managing all data and technology requirements for the regulatory compliance program
- Collaborate with Enterprise PMO and Engineering teams to define and manage the ECO technology project inventory which aligns with ECO objectives and Bank-wide strategies
- Serve as the primary point of contact for Compliance projects including BSA/AML, sanctions and regulatory compliance technology requirements, across the business lines
- Project manage and execute the ECO technology projects, gather requirements from stakeholders and write BRD requirements, develop test plans and coordinate implementation of the projects
- Support regulatory compliance and FCC teams in planning and execution of technology projects aligning to the roadmap
- Provide implementation support, guidance, and/or expertise on new products or systems to help facilitate the execution and improvements of the firm’s Program
- Perform daily, weekly and monthly data reporting and reconciliations as needed to support the Data and Technology Teams
- Manage technology-related risks for compliance technology controls
- Identify opportunities for improvement in existing systems, operations, and processes in partnership with the FCC and regulatory compliance teams
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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