What are the responsibilities and job description for the Sr KYC & Sanctions Analyst position at LendingClub Bank?
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), Know Your Customer (KYC), and sanctions compliance program, including developing and supporting a strong system of controls to prevent the Bank from being used to facilitate money laundering, terrorist financing, sanctions violations, and other illegal activities. The FCC KYC and Sanctions team coordinates day-to-day implementation of these efforts, including developing and executing policies and procedures designed to assist the business units in obtaining CIP information, conducting appropriate due diligence at onboarding and throughout customer relationship, and promoting sanctions compliance throughout the Bank.
What You'll Do
- Assist in implementing the Bank's KYC (CIP, CDD / EDD) and Sanctions Programs, including upholding policies and procedures and communicating requirements to business and compliance stakeholders
- Investigate alerts generated from the screening of customers, related parties and transactions, including IATs and wires, using internal KYC records and external research tools
- Document clear and concise dispositions that adequately mitigate the risks for transactions and customer-related escalations
- Manage team communications inboxes and assist in providing KYC and Sanctions related guidance for all business lines across the organization to ensure KYC and Sanctions policies and procedures are being followed and escalating appropriately
- Identify and assess potential risks associated with customer and investor relationships and drafting written memos detailing findings and recommendations to management
- Analyze customer-provided information and examine complex corporate structures and beneficial ownership to facilitate onboarding processes
- Understand key systems required to manage and execute the components of the KYC and Sanctions Programs effectively
- Become a subject matter expert on KYC, Sanctions, and other relevant banking and regulatory issues
- Provide support for other KYC and Sanctions Program related initiatives and activities as needed, including internal and external audits, regulatory exams, and strategic projects
About You
Nice to Haves
Work Location
We are currently working a hybrid schedule and our teams are in-office Tuesdays, Wednesdays, and Thursdays.
Time Zone Requirements
This position is expected to work EST 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.
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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 interviewaccommodations@lendingclub.com.
