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LendingClub · 2 days ago

Regulatory Counsel

Lehi, UT

Full-time

Hybrid

Mid, Senior Level

$118K/yr - $180K/yr

3+ years exp

LendingClub Corporation is the leading digital marketplace bank in the U.S., committed to helping members achieve their financial goals. The Regulatory Counsel will provide strategic legal support for consumer banking products, monitor regulatory developments, and collaborate with various teams to ensure compliance and effective legal guidance.

Consumer LendingCreditFinanceFinancial ServicesFinTechLendingPeer to PeerPersonal Finance

Hiring Manager

Kat Greco

Responsibilities

You will deliver strategic and tactical legal support primarily for LendingClub Bank’s consumer deposit and lending products

You will assist in monitoring and analyzing federal, state, and local regulatory developments concerning consumer banking products and operations and other activities that may impact our bank and marketplace, and engage with our business partners to ensure understanding of the same and operational readiness

You will serve as a trusted advisor and partner to customer-facing teams and operations teams, such as customer experience teams, customer service teams, banking operations teams, including providing support related to LendingClub’s digital platforms and services, client relationship matters, customer complaints and non-standard client requests and escalations

You will serve as a trusted advisor and partner to business teams, including advising and partnering on the development of new products and services, training and advising on consumer finance laws and regulations applicable to our business, third party management activities, reviewing marketing materials and advising on product and customer servicing and collections matters

You will partner with our Compliance and Risk teams to ensure comprehensive risk support for the consumer banking products we offer including the management of internal and external compliance reviews and examinations, and regulatory exams by government agencies

You will collaborate with team members to identify issues and improve existing processes and procedures to ensure consistent interpretation and application of legal requirements across LendingClub Bank’s product suite

You will drive and support other matters in support of LendingClub Bank’s strategic objectives

You will assist the Legal Department in support of any other assignments that you may be asked to help with

You assess unusual circumstances and use sophisticated analytical and problem-solving techniques to identify cause

You devise solutions based on limited information and precedent and adapt existing approaches to resolve issues

Qualification

J.D. degreeState bar membershipConsumer finance lawRegulatory complianceLegal analysisInterpersonal skillsCommunication skillsProblem-solvingCollaboration

Required

3+ years of experience, J.D. degree, and a state bar membership in good standing

Combined law firm, government and/or in-house legal department experience in a bank or financial technology company (with direct experience in these areas). In-house experience with a bank, fintech, or credit union preferred

At least 2 years of experience in consumer finance law and regulations

Demonstrated experience advising on some or all of the following laws and regulations: TISA/Regulation DD; Funds Availability/Regulation CC; TILA/Regulation Z; ECOA/Regulation B; FCRA/Regulation V; EFTA/Regulation E; ESIGN; FDCPA/Reg F; GLBA/Regulation P; UDAAP; and/or state law analogues

Ability to adapt well to a rapidly changing business environment and thrive on innovation and change

Comfort in a legal support role that extends beyond delivery of advice to getting involved in the hands-on execution and implementation of legal advice with business partners

Ability to manage multiple transactions or tasks, take on new responsibilities, and advise on novel issues

Proven ability to develop collaborative relationships with internal partners and external customers, with comfort interacting with and influencing colleagues across departments and job levels

High level of integrity and ability to have candid conversations with business leaders in support of your position if needed

Ability to adapt style to differing audiences and often advise others on difficult matters

Benefits

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

Company

LendingClub

Glassdoor3.3

Since our founding in 2007, we have transformed the banking industry by bringing a traditional credit product - the installment loan - online and we’ve been on the fast track ever since.

Founded in 2007

San Francisco, California, USA

1001-5000 employees