Financial Controls Director
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
We are looking for a Financial Controls Director to manage LC’s SOX Program. In this role, you will coordinate all management testing with process owners, co-sourced providers, and external auditors to ensure SOX 404 objectives, deliverables, timelines and budgets are met. This role requires significant interaction, coordination, and influence across all levels of management within the company, as well as the Board Audit Committee.In addition, you are responsible for coordinating the SOC1 and SOC2 reports and testing. This also includes coordination of testing with external providers and process owners. Lastly, with any additional capacity, you will provide independent, objective assurance and consulting services for LCIA.
What You'll Do
- Coordinate the annual scoping and risk assessment and its quarterly updates
- Manage the calendar of SOX activities including overall timeline, testing schedules, and deliverables. Coordinate with appropriate stakeholders (e.g., Chief Audit Executive, Controller, external auditors, team leads)
- Manage the co-sourced service provider operating model
- Manage day to day co-sourced provider execution and review related work product to ensure that standards of quality are maintained
- Monitor level of efficiencies, periodically report SOX budget to actual analysis to the Chief Audit Executive and other executives
- Monitor changes to business processes and apply independent judgement to evaluate the potential impact to the control environment and the recommend necessary recalibrations to the SOX program. Present the impact of the changes to the Chief Audit Executive and other executive prior to implementation
- Manage the update all Section 404 documentation as required including COSO framework mapping, process and control narratives/flowcharts, risk and controls matrix, and testing approach
- Apply professional skepticism and subject matter expertise to independently evaluate and conclude on control deficiencies and develop the necessary remediation actions and monitor their implementation in due time
- Manage the SOX program in a manner that drives efficiencies in the reliance approach with external auditors
- Research and assess potential impact of new laws and regulations to the existing program and present the necessary development plans to the Chief Audit Executive and other stakeholders and obtain their approval
- Coordinate and track control testing progress, control gaps, and remediation efforts. Create project management updates for senior management and Audit Committee reporting. Periodically present the status to the Chief Audit Executive, the Controller and other executives
- Develop opportunities to optimize controls testing to drive efficiencies
- Provide subject matter expertise on control design adequacy and operating effectiveness
- Maintain continuous skills and knowledge development regarding industry trends, emerging risks, and internal audit tools and techniques
- Manage Internal Audit functional administration, including budget oversight, Board Reporting, and regulatory request management
- Anticipate and manage obstacles and formulate effective solutions
- Develop and maintain strong, influential relationships with business partners, regulators, and key third- parties
- Strive to build institutional knowledge of specific products, systems, and processes to become a subject matter resource
- Act as a trusted advisor, and provide mentorship and guidance to other team members
About You
- 10+ years of experience, with preference to Big 4 public accounting and/or Large Bank Internal Audit experience, including internal audit, internal controls assessments, and financial statement audits
- Bachelor’s degree in Accounting or Finance; or equivalent work experience
- CPA designation preferred
- Advanced knowledge of PCAOB and SOX standards, US GAAP, and COSO guidelines
- Ability to work on multiple assignments simultaneously and prioritize accordingly
- Strong written and verbal communications skills, with exceptional interpersonal skills. Experience in developing and making executive-level presentations
- Knowledge and experience evaluating the design, effectiveness and regulatory compliance of processes and controls within a bank, broker-dealer, or related financial institution strongly preferred
- Ability to work effectively in a team environment and across all organizational levels
- Ability to work in a rapidly changing environment and adaptive to change very quickly
Work Location
San Francisco
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
Primarily PT
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 156,000-180,000. 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.
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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].