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Sr Investigations Analyst

Lending Club

Lending Club

IT
Multiple locations
Posted on Tuesday, June 25, 2024

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

About the Role

LendingClub Bank’s Financial Crimes Compliance (FCC) team, as part of the Compliance Department, is responsible for maintaining an effective Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and sanctions compliance program (collectively AML Program), including developing and supporting a strong system of controls to prevent the Bank from being used to facilitate money laundering, terrorist financing, and other illegal activities. The FCC team coordinates day-to-day implementation of these efforts, including developing appropriate policies and procedures designed to assist the business units in conducting appropriate due diligence to detect, prevent, and report potentially suspicious activity.

We are looking to hire an FCC Senior Analyst to support the Bank’s AML Program. The qualified candidate will support various AML processes including, but not limited to case investigations, suspicious activity reporting, currency transaction reporting, sanctions (e.g., Office of Foreign Assets Control (OFAC) alert reviews and non-sanctions (e.g., negative news and Politically Exposed Persons (PEPs)) alert reviews, and enhanced due diligence reviews. The Analyst will be responsible for reviewing and dispositioning alerts/cases by conducting research, documenting the cases/reviews, providing initial recommendations, and organizing and maintaining supporting documentation. The candidate will report directly to Manager/Sr. Manager, FIU.

What You'll Do

  • Review, analyze, and disposition alerts and cases resulting from a variety of channels, including automated transaction monitoring, internally escalated referrals, law enforcement requests (e.g., 314(a) and subpoenas), adverse media, and 314(b)
  • Perform searches, gather data, and record evidence from the Bank’s internal systems, the internet, and commercial databases
  • Assess and analyze research results and conduct data analysis applying background knowledge and experience
  • Assist in drafting suspicious activity reports and currency transaction reports
  • Complete follow-up reviews on activity that was previously reported as potentially suspicious
  • Review and disposition sanctions/non-sanctions alerts
  • Identify trends/patterns and report to Manager/Sr. Manager, FIU
  • Determine investigative and data analytics approach, apply sound decision-making and discretion in making independent decisions that mitigate potential money laundering and/or terrorist financing risk at each decision point throughout the investigation
  • Conduct enhanced due diligence investigations of high-risk customers to identify activity that may not align with the customer due diligence profile
  • Perform ad-hoc projects or task assigned by the Manager/Sr. Manager, FIU
  • Maintain current understanding of money laundering and terrorist financing issues, including policies and procedures, regulations, industry best practices/standards, money laundering/terrorist financing typologies and developing trends
  • Perform all assigned duties in full compliance with regulatory requirements, risk management framework, and in accordance with internal policies and procedures

About You

  • 3+ years of work experience in an AML, fraud, or financial crimes compliance role within a financial institution or financial services firm, at least 2 years of which in an investigations role
  • Demonstrated knowledge of investigative techniques and best practices
  • Ability to make sound and supported decisions independently and to self-prioritize under time pressure
  • Bachelor’s degree with strong academic credentials
  • Knowledge of laws applicable to money laundering, including BSA, the USA PATRIOT Act, Financial Crimes Enforcement Network (FinCEN) requirements, SAR requirements, and OFAC regulations
  • CAMS or other AML certification preferred
  • Curiosity; an investigative mindset that is supported by excellent research skills
  • Strong writing, analytical, decision making/problem solving and communication skills
  • Ability to multi-task and complete assignments in a timely fashion
  • Prior experience preparing Suspicious Activity Reports preferred, but not required

Work Location

Lehi, NYC, San Fransisco

We are currently working a hybrid schedule and our teams are in-office Tuesdays and Wednesdays.


Time Zone Requirements

Local hours

Travel Requirements

If you need to travel for work, LendingClub will cover your travel related expenses.

Compensation

The target base salary range for this position is 66,000 - 100,000. The position is also eligible to receive a bonus (which is based on company performance, employee performance and eligible earnings), equity, and benefits. Our salary ranges, other compensation and benefits offered are determined by role, experience level and location.

#LI-Hybrid

#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 [email protected].