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Compliance Testing Manager

LendingClub

Compliance Testing Manager

LendingClub

2 Locations

·

On-site

·

Full-time

·

2w ago

Compensation

$82,000 - $125,000

Benefits & Perks

Healthcare

401(k)

Equity

Flexible Hours

Parental Leave

Healthcare

401k

Equity

Flexible Hours

Parental Leave

Required Skills

Compliance Testing

Internal Audit

SQL

Data Warehouse Mining

Current Employees of Lending Club: Please apply via your internal Workday Account

Lending Club Corporation (NYSE: LC) is the parent company of Lending Club Bank, National Association, Member FDIC. We are the leading digital marketplace bank in the U.S., having helped our nearly 5 million members secure over $90 billion in loans to refinance high-cost debt and achieve their financial goals. Members today have mobile-first access to a growing range of products and services designed to work seamlessly together to deliver value in new ways. Everyone deserves a better financial future, and our team is committed to making that a reality. Join the Club!

About the Role

Lending Club Bank’s Enterprise Compliance Organization (ECO) team, as part of the Enterprise Risk Team, is responsible for maintaining an effective enterprise-wide compliance program, which consists of the BSA/AML, sanctions (Financial Crimes Compliance (FCC)) and regulatory compliance programs.

We are looking for a Compliance Testing Manager to join the team the Compliance Testing Team. This role is responsible for leading independent testing reviews to validate the company’s compliance with applicable consumer compliance federal laws/regulations and adherence to internal policies and procedures. The role will also focus on helping to innovate and enhance data-driven testing capabilities to identify opportunities to enhance the bank’s system of controls.

What You'll Do

  • Independently design, lead and execute Compliance Testing  to assess control design and operating effectiveness over compliance risks
  • Support development of  Compliance Testing’s data analytics and data monitoring tools to effectively test system and data driven processes
  • Prepare compliance testing reports and workpapers that clearly present the results of testing and identify issues and recommendations
  • Develop meaningful strong partnerships with the Business.  Prepare, deliver, and effectively communicate analysis regarding testing results to senior leadership.
  • Document compliance issues which are recorded, tracked and reported to ensure their appropriate and timely resolution
  • Collaborate with and inform Compliance Advisory of key risks, trends and outcomes in testing activities.
  • Assist ECO with the assessment and documentation of business processes, risks, and controls
  • Provide support for other ECO program initiatives and activities as needed, including internal and external audits or regulatory exams and strategic projects

About You

  •  3 years of banking or financial services experience, with direct compliance testing and/or internal audit expertise; Bachelor’s degree in a related field of study; or equivalent work experience
  • Practical knowledge of consumer protection laws/regulations, and associated risks, and the internal controls needed to mitigate those risks
  • Prior experience performing compliance testing for specific areas of bank or financial services regulatory compliance – e.g., ECOA, UDAAP, TILA, TISA, FCRA, EFTA, EFAA, SCRA etc.
  • Strong written and verbal 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, including supervision of other testers
  • Solid analytical, problem solving, and critical thinking skills
  • Ability to handle multiple priorities and rapid changes
  • Experience performing SQL queries and data warehouse mining; familiarity with Tableau or other data visualization tools is helpful

Work Location

San Francisco or Lehi:

The above locations are eligible offices for this role. The locations have been determined to foster in-person collaboration with this role’s team or the related business lines. We utilize a hybrid work model, and our teams are in-office Tuesdays, Wednesdays, and Thursdays. In-person attendance is essential for this role’s success, and remote placement will not be considered. Lending Club offers relocation, based on actual job level.

Time Zone Requirements

Local hours (PT, MT)

While the position will primarily work local hours, Lending Club is headquartered in Pacific Time and our ideal candidate will be flexible working across time zones when necessary.

Travel Requirements

As needed travel to Lending Club offices and/or other locations, as needed.

Compensation

The target base salary range for this position is 82,000-125,000. The base salary of the role will be determined by job-related knowledge, experience, education, skills, and location. Base salary is just one part of Lending Club’s Total Rewards package. You may also be eligible for long-term awards (equity) and an annual bonus (which is based on company performance, employee performance and eligible earnings).

We’re creating new financial services solutions for our members based on fairness, simplicity, and heart, and we treat our employees the same way. We offer a competitive benefits package that includes medical, dental and vision plans for employees and their families, 401(k) match, health and wellness programs, flexible time off policies for salaried employees, up to 16 weeks paid parental leave and more.

Lending Club 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 interviewaccommodationslendingclub.com.

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About LendingClub

LendingClub

Financial services company.

501-1,000

Employees

San Francisco

Headquarters

Reviews

3.5

1 reviews

Work Life Balance

3.0

Compensation

3.0

Culture

2.5

Career

2.0

Management

3.0

25%

Recommend to a Friend

Cons

Company reputation/brand perception issues

Not considered top-tier fintech

Grouped with lower-quality competitors

Salary Ranges

523 data points

Mid/L4

Senior/L5

Director

Mid/L4 · Risk Analyst, Loss Forecasting

1 reports

$106,950

total / year

Base

$93,000

Stock

-

Bonus

-

$106,950

$106,950

Interview Experience

1 interviews

Difficulty

3.0

/ 5

Duration

21-35 weeks

Interview Process

1

Application Review

2

HR Screen

3

Hiring Manager Interview

4

Technical Assessment

5

Panel Interview

6

Offer

Common Questions

Technical Knowledge

Behavioral/STAR

Past Experience

Case Study

Risk Assessment