Job Details

Join to apply for the Director, Third Party Risk Management role at LendingClub

Join to apply for the Director, Third Party Risk Management role at LendingClub

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. 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

LendingClub is seeking a dynamic leader to support the continued evolution of the Bank's Third Party Risk Management (TPRM) program. The TPRM team is responsible for managing LendingClub's third party partner lifecycle processes, including planning, risk assessment, due diligence, contracting, monitoring & oversight, and termination, and ensuring the Bank's third-party relationships comply with internal policies and regulatory requirements.

What You'll Do

• Be the expert on third party risk management practices and lead and execute on initiatives to improve the LendingClub TPRM program
• Enhance the Bank's TPRM framework, policies and procedures.
• Oversee the complete vendor lifecycle (due diligence, onboarding, risk assessments, contracting, ongoing monitoring and termination)
• Design and manage risk assessment methodologies for third parties (inherent and residual)
• Build and execute strategic projects to further the maturity of the TPRM program
• Resource, align, deploy and manage the TPRM team in support of LendingClub's strategic plan and growth targets
• Oversee and enhance technology and tools to support the TPRM program
• Educate Third Party Relationship Owners and other internal stakeholders on their roles and responsibilities and drive accountability and engagement
• Ensure compliance with all applicable regulatory requirements, including Interagency Guidance on Third-Party Relationships: Risk Management and others
• Partner with Legal, IT Security, Procurement, Compliance, Privacy, and business units to ensure appropriate due diligence and oversight
• Partner with the Procurement function to define and execute against a roadmap to mature the overall end-to-end third-party program (e.g., planning, sourcing and manage)
• Manage and monitor supplier performance against negotiated service-level and contract terms
• Provide regular reporting to senior management and the Board on vendor risk exposure, issues, and trends
• Prepare for and support internal audits and regulatory exams
  
  

About You

• 10 years of vendor management and/or project management experience in a fast-paced, high-growth environment
• Specific expertise in Third Party Risk Management and oversight activities, performing third party monitoring, implementing operational enhancements and efficiencies, and significant management reporting experience
• Nimble with ability to take decisive action to address business needs that meet corporate business objectives
• Ability to utilize creative problem solving and critical thinking skills to design program enhancements
• Ability to quickly understand the business' needs, apply solid professional judgment and work independently and effectively with business teams, risk Subject Matter Experts, the Legal and Procurement teams and other internal groups to create practical and business minded solutions and efficiently deliver results
• Strong risk analysis and problem-solving skills, including issue identification, negotiating, directing, planning, organizing, and implementing solutions
• Exceptional project management skills with strong attention to detail
• Self-directed, able to work independently, as well as within a team
• Bachelor's degree in risk management, business, technology, or related field; or equivalent work experience
• Knowledge of internal controls, financial regulations, operational risk, and vendor due diligence
  
  

Preferred Qualifications

• Ability to thrive in a fast-paced environment and successfully manage aggressive deadlines with minimal to no supervision and across multiple time zones
• Ability to independently solicit information and input from different stakeholders as necessary and appropriate
• Adapts style to differing audiences and often advises others on difficult matters
  
  

Work Location

San Francisco, 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. LendingClub offers relocation, based on actual job level.

Time Zone Requirements

Local hours (PT, MT)

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

Travel Requirements

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

Compensation

The target base salary range for this position is 148,000-225,000. 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 LendingClub'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.

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 ...@lendingclub.com.

Seniority level

• Seniority level

  Director

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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