LendingClub

Director, Legal Operations

Posted on: 13 Apr 2021

Lehi, UT

Job Description

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

LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC, and the only full-spectrum fintech marketplace bank. Members can gain access to a broad range of financial products and services through a technology-driven platform, designed to help them pay less when borrowing and earn more when saving. Since 2007, more than 3 million members have joined the Club to help reach their financial goals. 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. Come join us!


About the Role

LendingClubs Legal Department is seeking a full-time, highly motivated Director of Legal Operations in our either our Lehi, Utah bank or our San Francisco, California headquarters. This position will report to the SVP, Legal and will be responsible for building, implementing and leading a company-wide legal operations function and managing the paralegal support function.

You will lead the consistent delivery of legal programs and services that improve the purpose and values of LendingClub and lead the legal team responsible for finance, technology, systems and solutions, records, project, supplier and law firm management initiatives. You will work with other legal leaders in strategy design and delivery, as well as on programs and tools that effectively deliver legal service to enable speed to market, revenue opportunities and risk mitigation and will lead the support team to the various legal functions throughout the company. You will partner closely with the entire Legal team and Finance partners along with operations and other shared services functions. You will interact regularly with all levels of the business. You are a team player with the flexibility and skill level to handle a wide range of projects.



What You'll Do

* Strategy and Goals: Working with legal department leadership to set and execute legal department short and long-term strategy, department initiatives, and drive the process for annual legal department goals.
* Financial Management: Manage all legal department programs including budgeting, forecasting, and budget variance analysis and, in this capacity, will need strong expertise in internal accounting, matter management, and electronic billing systems. Evaluate results of departmental spend against comparable outside organizations to more effectively control overall costs. Lead the legal departments relationships with the Finance function, providing overall leadership and direction for the legal department's administrative finance activities.
* Collaborate with department staff, management committee executive assistant, and HR to lead legal department recognition program, budget and spend.
* Systems and Technology: Development and execution of overall systems and technology strategy to identify, implement and optimize systems and processes such as document and matter management system, manage e-billing, invention disclosure systems, e-discovery tools, patent assessment and tracking and payment tools, and contract management tools.
* Manage the department's relationship with the IT function, providing overall leadership and direction for legal department administrative IT activities globally.
* Communication and Department Interaction: Responsible for working with department leadership to communicate effectively within the department, as well as outside of the department.
* Manage Legal Department communications and materials, staff meetings, and global meetings in collaboration with executive assistant.
* Manage and support the e-discovery function within the company. Manage processes and create company standards and procedures.
* Manage the paralegal team that provides support to the entire legal function
* Policies and Processes: Responsible for establishing, implementing, and maintaining legal department operation policies and processes.
* Outside Counsel/Vendor Management: Create and implement strategies to control external counsel and/or vendor expenses by assessing and managing vendor performance, tracking and reporting actual expenses against forecast, and utilizing alternative fee approaches, evaluations and process outsourcing.
* Knowledge Management: Develop and implement systems technologies for efficiently building, storing, and sharing departmental work product and intellectual capital, including content provided by outside law firms retained by the department. Manages records retention, administrative services, and the support infrastructure for the legal department.



About You

* BA or BS degree
* At least 10 years of experience working as a supervisor or manager and also supporting in-house teams or law firm;
* A combination of law firm and in-house experience at a high tech, financial services or fin-tech company is strongly preferred;
* Strong work ethic, good judgment and professional maturity;
* Excellent interpersonal skills and effective oral and written communication skills in a multicultural environment;
* Flexible, with ability to multi-task, prioritize projects and manage deadlines;
* Experience managing paralegals
* Experience managing e-discovery projects
* Project Management Professional, Program Management Professional, or Certified Project Management a plus
* Well organized self-starter who is proactive in soliciting and taking on projects and solving problems;
* Possesses a working balance of both efficiency and detail-orientation;
* Impeccable integrity;
* Exhibits grace in stressful situations and thrives in a rapidly changing environment; and
* Good sense of humor.

LendingClub is an equal opportunity employer and dedicated to diversity, equity, and inclusion in the workplace. We do not discriminate on the basis of race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), gender, gender identity, gender expression, sexual orientation, age, marital status, veteran status, disability status, political views or activity, or other applicable legally protected characteristics. We believe that a variety of perspectives will make our teams and business stronger as we work together to transform the traditional banking system.

We are committed to providing reasonable accommodations for qualified individuals with disabilities in our job application process. If you need assistance or an accommodation due to a disability, please contact us at interviewaccommodations@lendingclub.com.

LendingClub

San Francisco, CA

LendingClub is a US peer-to-peer lending company, headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. LendingClub is the world's largest peer-to-peer lending platform. The company claims that $15.98 billion in loans had been originated through its platform up to December 31, 2015.

LendingClub enables borrowers to create unsecured personal loans between $1,000 and $40,000. The standard loan period is three years. Investors can search and browse the loan listings on LendingClub website and select loans that they want to invest in based on the information supplied about the borrower, amount of loan, loan grade, and loan purpose. Investors make money from interest. LendingClub makes money by charging borrowers an origination fee and investors a service fee.

LendingClub also makes traditional direct to consumer loans, including automobile refinance transactions, through WebBank, an FDIC-insured, state-chartered industrial bank that is headquartered in Salt Lake City Utah. The loans are not funded by investors but are assigned to other financial institutions.

The company raised $1 billion in what became the largest technology IPO of 2014 in the United States. Though viewed as a pioneer in the fintech industry and one of the largest such firms, LendingClub experienced problems in early 2016, with difficulties in attracting investors, a scandal over some of the firm's loans and concerns by the board over CEO Renaud Laplanche's disclosures leading to a large drop in its share price and Laplanche's resignation.

 

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