Third Party Risk Manager
Lending Club
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's Third Party Risk Management (TPRM) team acts as the second line of defense against risks associated with outsourcing services to third parties. The Third Party Risk team works closely with various stakeholders, including Procurement, Risk SMEs, and Business Partners to onboard and manage vendors and other third parties, build strong partnerships, and facilitate risk management activities.We are looking for a Third Party Risk Manager to support and facilitate the TPRM lifecycle which involves initial planning and risk assessment, due diligence, contract execution, ongoing monitoring, reporting and termination of third-party relationships. You will develop relationships throughout the company to facilitate the Third Party Risk framework and manage associated risks. You will also use your technical expertise and data analysis skills to identify and implement innovative methods and tools to bring efficiencies and meet regulatory and audit requirements, as well as define and manage key metrics for accurate and timely reporting for senior management and internal stakeholders.
You will report to the Director, Third Party Risk Management. You are a driven self-thinker and quick learner who can independently run and prioritize complex projects and deadlines in a dynamic, fast paced environment.
What You'll Do
Your primary focus will be to manage onboarding of new third parties and vendors as well as the continuous monitoring of existing third parties and vendors. As part of ongoing monitoring, you will monitor relationships for changes that may affect the risk environment and require risk remediation, provide subject matter expert guidance to internal stakeholders and senior management, and track remediation activity to completion. In addition, you will be responsible for the day to day running of program activities including ensuring that risk assessment, due diligence, and any other reviews and approvals are obtained during the entire third party lifecycle through termination.
This is a role that requires you to ask relevant questions to increase your knowledge and to find solutions to unique problems. You can communicate complex ideas to senior leaders while being confident and concise, and practice good judgment in a professional setting. You manage your deadlines proactively and do not mind rolling up your sleeves to ensure even the smallest tasks are completed on time but are able to see the big picture and contribute your ideas to further the success of the overall team.
- Be the subject matter expert on third party risk management practices and lead and execute on initiatives to improve the Bank’s program
- Educate Business Owners / Relationship Managers on how to proactively manage their vendor risk
- Manage the reassessment of the control environment of third parties through continuous ongoing monitoring activities and due diligence refresh
- Be familiar with vendors, services, and regulatory requirements to provide effective challenge of risk assessment responses
- Facilitate administration of technology processes and tools to support the Third Party Risk program
- Report on the progress of third party risk initiatives and Key Risk Indicators (KRIs)
- Identify new control gaps and create and communicate mitigating action plans for resolution and remediation
- Provide guidance to internal and external stakeholders
- Execute on strategic projects to further the maturity of the Third Party Risk program
About You
- 5+ years of risk management experience in the financial services industry, including fintech and regulated financial institutions and bachelor’s degree or higher in related field; or equivalent work experience
- Experience with third party risk management tools and repositories
- Working knowledge of specialized risk areas, including but not limited to information security, compliance, legal, strategic, reputational, and financial risk
- Excellent verbal, written communication, and presentation skills with strong interpersonal skills to successfully influence strategic initiatives at all organizational levels
- Passion for driving change with an ability to navigate multiple high and sometimes competing priorities
Work Location
San Francisco
We are currently working a hybrid schedule and our teams are in-office Tuesdays, Wednesdays, and Thursdays.
Time Zone Requirements
Primarily PT
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 109,000-125,000. 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.
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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].