Fair Lending Director
Company: LendingClub
Location: Lehi
Posted on: March 13, 2023
Job Description:
Current Employees of LendingClub: Please apply via your internal
Workday Account LendingClubCorporation (NYSE: LC) is the parent
company ofLendingClubBank, National Association, Member FDIC, and
the onlyfull-spectrumfintech 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 4
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 Compliance Department is
seeking an experienced and qualified compliance professional to
fill the role of Fair Lending Director. This role will report to
the Deputy Chief Compliance Officer (CCO) and will be responsible
for developing, implementing, and administering the Bank's Fair
Lending Program. The Director will help execute the Bank's Fair
Lending Program and will work with senior leaders across the
business to provide oversight and guidance to ensure compliance
with all fair lending laws and regulations. What You'll Do
- In collaboration with the Deputy CCO, you will help develop and
implement the Bank's Fair Lending Program
- Develop strong partnerships across all lines of business and
act as a trusted advisor to build risk culture across the bank
- Oversee the execution of the Bank's Fair Lending Program to
ensure compliance with all fair lending laws, regulations and
guidance
- Manage fair lending compliance efforts throughout the Bank and
ensure that the Bank's Fair Lending program is risk-based and
commensurate with the size and complexity of the Bank
- Ensure the Bank maintains a sound Fair Lending program with
active oversight of fair lending governance, advisory activities,
marketing, complaints, issue management and reporting
- Work with various program partners under the Bank's Fair &
Responsible Banking Team to ensure that the appropriate
expectations related to mitigating fair lending risk are
established including involvement in the execution of the fair
lending program
- Conduct an annual risk assessment that evaluates the level and
direction of the Bank's fair lending risk based on the bank's
lending products and services and identifies key areas of
monitoring or escalation
- Review credit policies, procedures, loan operation documents,
pricing and marketing strategies, new and modified lending
products, business changes and services performed by third parties
to proactively identify and fair lending issues
- Provide oversight and guidance over the assessment of complex
fair lending issues, structures potential solutions and drives
effective resolution with other stakeholders
- Collaborate with other internal areas including Legal, Business
Management, Operations, Technology, Model Risk, Finance, other
Control Functions
- Prepare periodic reporting and present materials to Executive
Management and/or the Board of Directors
- Attends training programs on matters related to fair lending to
remain current with changing regulations and requirement and
effectively implement any new and changing regulatory
requirements
- Stay apprised of regulatory development and perform impact
analyses to advise the bank on addressing emerging regulatory
requirements and expectations
- Assists in regulatory exam readiness and internal audit
- Develops, updates, and maintains the Bank's Fair Lending
policies, procedures, and governance documents
- Performs other duties as assignedAbout You
- You have 10+ years of fair lending experience in a regulated
financial institution with a background in fintech preferred
- You have extensive knowledge of and experience in the Equal
Credit Opportunity Act, the Fair Housing Act, CRA and other laws
and regulations related to fair and responsible banking
- You are an excellent communicator across different audiences
with the ability to adjust communication style as appropriate;
ability to simplify complex topics and distill information down to
essential points for a non-technical audience
- You have strong organization, analytical, and planning skills;
ability work in a fast-paced environment and manage multiple
projects toward completion without compromising quality
- You have the strong ability to work with business partners to
ensure alignment and positively impact change
- You excel at developing dashboard reporting that succinctly
captures program status, key risks and resolutions to drive
awareness and Culture of Compliance
- Certified Regulatory Compliance Manager (CRCM) preferred or
experience as a federal bank examiner with a focus on consumer
compliance Work Location: The position will be based out of the
Bank's headquarters office in Lehi, UT, or may be remote. Time Zone
Requirements: Standard working hours will be primarily in Mountain
Time, but can be ironed out with the manager.
Travel Requirements: Occasional travel will be required to Lehi,
San Francisco, and/or Boston. If you need to travel for work,
LendingClub will cover your travel related expenses. #LI-AW1
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. - About Us At LendingClub,
we're helping millions of Americans take control of their financial
lives. We help people with respect and fairness, and that ideal
shapes how we work, how we treat each other, and how we invest in
our employees and our community. Join us in using data, bold
thinking, and a commitment to innovation to help put millions of
Americans on a path to financial success.
Keywords: LendingClub, Lehi , Fair Lending Director, Executive , Lehi, Utah
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