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. We’re 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
LendingClub Bank’s Risk Department is seeking talented candidates for the position of Head of Regulatory Exam Management to support the company’s regulatory examinations and ongoing relationship with our regulators. Based in San Francisco, CA or Lehi, UT, the Head of Regulatory Relations will report directly into the Chief Compliance Officer of LendingClub, and will build a small team to coordinate and support examinations. You will be a key leader of the firm, partnering with Executive management, business, compliance, risk, audit and legal leaders, helping them develop strategies and manage regulatory interactions.What You'll Do
- Lead and execute complex regulatory interactions, including in-depth regulatory exams from the OCC and FRB.
- Understand LendingClub Bank’s business, stay on top of evolving products, and maintain relationships with regulators, including proactive notification of risk and business changes.
- Work with the CRO and CCO to lead proactive Risk Management efforts to deliver timely and positive outcomes against regulatory expectations.
- Partner closely with subject matter experts of the various risk disciplines, business leaders, audit, legal and government affairs leaders to prepare and coordinate regulatory reviews; ensure the risk organization proactively addresses regulatory requests and concerns.
- Develop trusted relationships with the regulatory bodies and teams involved in LendingClub Bank’s oversight.
- Coordinate all aspects and phases of regulatory interactions and examinations; ensure clarity and consistency in communications with regulators.
- Train the management team and stakeholders involved in presentations to regulators, on regulatory interactions best practices.
- Support the development of appropriate and diligent responses and remediation plans when regulatory issues and concerns are identified.
- Manage the flow of information, records management and tracking of examinations, meetings materials and minutes, issues and responses to regulatory reports of examinations; develop procedures and processes to enable smooth examinations.
- Develop reporting on regulatory relations for the governance committees including the Board.
- Work with Compliance, Legal and/or outside counsel to manage specific compliance related matters.
- You have experience building trusted relationships with the OCC and FRB.
- You have broad understanding of one or more areas of risk management (compliance, credit risk, operational and technology risk, liquidity risk, information security) is needed.
- prior experience as a financial institutions’ regulator (OCC or FRB ) would be a plus.
- You demonstrate outstanding communication skills, great attention to details, an ability to anticipate and deliver on the needs of a fast-paced and innovative bank, and the flexibility to handle an evolving business model.
- Bachelor's degree and at least 10 years of experience in financial services industry, primarily in compliance, risk management, and/or audit functions, with prior experience as a regulator a plus;
- J.D., M.B.A., or other advanced degree is a plus;
- Professional certifications(s) such as Certified Anti-Money Laundering Specialist (CAMS), Certified Regulatory Compliance Manager (CRCM), Certified Compliance Professional (IACCP), Certified Information Privacy Professional (CIPP), or Certified Internal Auditor (CIA), are a plus;
- Knowledge of the general principles of risk management disciplines (compliance, credit risk, liquidity, operational risk, information security, etc.), and their regulatory frameworks;
- Ability to influence, collaborate, network, negotiate, and solve problems with business partners, risk management and audit leaders, up to and including Executive Management; willingness to “roll up sleeves” and manage multiple projects in parallel;
- Superb analytical and critical thinking skills, with strong attention to detail and accuracy;
- Strong organization and project management skills;
- Superior writing skills, able to effectively present verbally or in writing to regulators and Executive management.