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FCC Investigator

Lending Club

Lending Club

Multiple locations
Posted on Friday, June 28, 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

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 & Sanctions 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 Investigator to support the Bank’s AML Program. The qualified candidate will support various AML processes including, but not limited to, transaction monitoring alerts and 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. This role will be responsible for reviewing and dispositioning of alerts/cases by conducting research, documenting the cases/reviews, providing initial recommendations, and organizing and maintaining supporting documentation.

What You'll Do

  • Review, analyze, and disposition transaction monitoring alerts and cases resulting from the automated transaction monitoring system, 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 complex data analysis applying background knowledge and experience

  • Conduct enhanced due diligence investigations in accordance with the policies and procedures

  • 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 the Sr Manager, FCC Investigation

  • 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 periodic enhanced due diligence reviews of high-risk customers to identify activity that may not align with the customer due diligence profile

  • Perform ad-hoc projects or tasks assigned by the Sr Manager, FCC Investigation

  • 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

  • Responsible for carrying out all assigned duties in full compliance with regulatory requirements, risk management framework, and in accordance with internal policies and procedures

About You

  • 4+ years of work experience in an AML capacity and knowledge of investigative techniques used in the investigation of financial crimes

  • At least 2 years of experience in investigations, banking or financial services

  • Ability to make decisions independently using sound judgment and work well under 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

  • Excellent research skills, including experience with online research tools

  • Advanced proficiency in Microsoft Office (Word, Excel, Access, PowerPoint, and Outlook)

  • Strong writing, analytical, decision making/problem solving and communication skills

  • Able to multi-task and complete assignments in a timely fashion

  • Strong organization and time management skills

  • Prior experience preparing Suspicious Activity Reports is a plus

Work Location

San Francisco, Lehi, New York

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


Time Zone Requirements

Local hours (PT, MT, ET)

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 82,000-125,000. 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.

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.

#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].