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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 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 a Sr FCC Investigation Analyst 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 reviews. This position will be responsible for the review and dispositioning of alerts/cases by conducting research, documenting the cases/reviews, providing initial recommendations, and organizing and maintaining supporting documentation. The candidate will report directly to the Manager, FCC Investigation.
What You'll Do
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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)
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Perform searches, gather data, and record evidence from the Bank’s internal systems, the internet, and commercial databases
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Assess and analyze research results and conduct data analysis applying background knowledge and experience
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Conduct enhanced due diligence investigations in accordance with the policies and procedures
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Assist in drafting suspicious activity reports and currency transaction reports
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Complete follow-up reviews on activity that was previously reported as potentially suspicious
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Review and disposition sanctions/non-sanctions alerts
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Identify trends/patterns and report to the Manager, FCC Investigation
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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
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Conduct periodic enhanced due diligence reviews of high-risk customers to identify activity that may not align with the customer due diligence profile
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Perform ad-hoc projects or task assigned by the Manager, FCC Investigation
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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
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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
- 3-5 years of work experience in an AML capacity and knowledge of investigative techniques used in the investigation of financial crimes; experience in investigations, banking, or financial services
- Bachelor’s degree in a related field, or equivalent work experience
- Basic 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
- Ability to make decisions independently using sound judgment and work well under pressure
- 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
- You are able to multi-task and complete assignments in a timely fashion
- Strong organization and time management skills
- Prior Experience in conducting Enhance Due Diligence reviews and prior experience preparing Suspicious Activity Reports is required
Work Location
Lehi
We are currently working a hybrid schedule and our teams are in-office Tuesdays, Wednesdays, and Thursdays.
Time Zone Requirements
Local hours (MT)
Travel Requirements
If you need to travel for work, LendingClub will cover your travel related expenses.
#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].
What We Do
LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC. It is the only digital marketplace bank, and the first public U.S. neobank. Members can gain access to a broad range of financial products and services through a technology-driven platform, designed to help them pay less when borrowing and earn more when saving. Since 2007, more than 3 million members have joined the Club to help reach their financial goals.
