Job Description

Current Employees of LendingClub: Please apply via your internal Workday Account

LendingClub (NYSE: LC) was founded in 2007 under the belief that a technology and data-driven marketplace can improve the way people access and invest in credit, creating value for both sides. Since then, we've helped millions of Americans take control of their debt, pursue their dreams, and invest in their future all in a fair, transparent, and affordable way. Today were Americas largest online credit marketplace, facilitating billions of dollars in loans annually, and were leading the governance of a new industry by developing ethical, responsible ways to bring greater value and better opportunities to our members. Everyone deserves a better financial future and our team is committed to making that a reality.



About the Role

The Compliance Department is seeking a talented individual for the position of Compliance Testing Manager. This position is responsible for assisting the Compliance Testing Officer in developing and executing independent reviews to test and validate the companys compliance with applicable federal and state laws and regulations and adherence to internal policies and procedures. The position reports directly to the Compliance Testing Officer.

LendingClubs Compliance Testing program is risk-based and focuses on areas and processes with the highest regulatory risk and is informed by the Compliance Departments risk assessment models and input from key business partners. Testing is performed in all areas and for all business lines where there are material compliance obligations.



What You'll Do

Assist the Compliance Testing Officer with the development and execution of the annual compliance testing plan to target areas and processes presenting the highest regulatory risks.

Manage a team of Testing Analysts to execute the Compliance Departments annual testing plan and to conduct other targeted reviews as needed

Use SQL and data visualization tools (Tableau) to mine and organize data from various internal systems and data libraries for compliance testing, data analysis and related reporting needs.

Develop and perform testwork and validation activities to assess control design and effectiveness

Prepare workpapers and compliance testing reports that clearly present the results of testing and call out material findings and recommendations.

Work with business management to develop appropriate corrective actions to address material findings in testing and ensure, where required, customer remediation.

Ensure material compliance issues identified through compliance testing are recorded, tracked, and reported to ensure their appropriate and timely resolution.

Prepare, deliver, and effectively communicate testing results to oversight committees and business management, as requested by the Compliance Testing Officer.

Participate in Enterprise Risk and other risk governance forums to provide insight on the control environment and the identification of risks.

Assist the Compliance Program Office with the assessment and documentation of business processes, risks, and controls

Move across functional lines within the Compliance Department to assist team members with other compliance-related responsibilities, including for example issues management, policy and procedure

development, and third-party compliance oversight



About You

Basic Qualifications:

Bachelors degree and/or equivalent and relevant work experience.

7 or more years of banking or financial services experience, preferably in compliance, internal control, risk management and/or audit functions.

5 or more years of direct experience performing compliance testing/audits

Advanced level Excel and data management skills

Tableau/SQL/SAS/R/SPSS/Programming experience a plus

Direct experience in managing compliance testing or audits.

Direct experience in managing or supervising others

Working knowledge of BSA/AML and consumer protection laws and regulations and associated risks, and the internal controls needed to mitigate those risks.

Strong communication skills and the ability to influence decisions and drive change.

Self-starter with ability to think independently, take ownership, and drive initiatives to resolution.

Solid analytical, problem solving, and critical thinking skills

Ability to handle multiple priorities and rapid changes.

Preferred Qualifications:

Professional certifications(s) such as Certified Regulatory Compliance Manager (CRCM) or Certified Internal Auditor (CIA); or completion of specialized training in compliance (e.g., ABA Graduate School of Compliance Risk Management).

LendingClub is an equal opportunity employer and dedicated to diversity and inclusion in the workplace. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender identity, sexual orientation, age, marital status, pregnancy status, veteran status, or disability status. We believe that a variety of perspectives will make our teams and business stronger as we work together to transform the traditional banking system.