Full-Time

Sr Director

Business Risk & Controls

Posted on 10/7/2025

LendingClub

LendingClub

1,001-5,000 employees

Online P2P lender matching borrowers, investors

Compensation Overview

$211k - $245k/yr

+ Bonus + Equity

San Francisco, CA, USA

Hybrid

Three days on-site per week required (Tue–Thu) in San Francisco.

Category
Finance & Banking (3)
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Requirements
  • 10+ years of professional experience in risk management within a FinTech, retail bank, or regulatory agency
  • Bachelor’s degree in a related field; or equivalent experience
  • Proven ability to drive large-scale projects and deliver high-quality results under tight deadlines
  • Exceptional written and verbal communication skills, with the presence to influence at all levels
  • Highly adaptable and energized by a fast-paced, constantly evolving environment
  • A critical thinker and problem-solver who understands business drivers and the control environment
  • Naturally curious and intellectually agile — you ask questions, challenge assumptions, and explore new approaches
  • Resilient and resourceful, able to manage shifting priorities while maintaining a focus on long-term goals
Responsibilities
  • Lead and inspire the Business Risk and Controls team to embed a strong risk management culture across Consumer Lending businesses and the customer journey
  • Provide strategic direction and thought leadership to continuously improve LendingClub’s controls and risk management framework
  • Ensure effective identification, measurement, monitoring, and mitigation of risks across both existing and new lending products
  • Oversee and maintain clear, complete documentation of policies, procedures, and practices
  • Drive the execution and ownership of key risk processes, including Issues Management, Customer Remediation, and Operational Loss Event Reporting
  • Partner closely with Business leaders, Technology, Operations, Marketing, and other support areas to design and implement controls that meet regulatory requirements and align with efficient operational practices
  • Enhance and maintain the Consumer Lending RCSA (Risk and Control Self-Assessment) program
  • Contribute to consistency and alignment of risk management practices across all lines of business, ensuring scalable and sustainable approaches
  • Act as a key liaison with 2nd and 3rd Line partners, as well as external stakeholders (e.g., vendor risk management, business continuity, compliance, and examiners).
  • Support preparation and coordination of deliverables for internal/external reviews, assessments, and regulatory exams
  • Drive continuous improvement by implementing enhancements based on industry standards, best practices, and LendingClub’s strategic direction

LendingClub operates an online lending platform that connects borrowers with individual investors in a peer-to-peer market, funding personal loans, small business loans, and auto refinancing. Borrowers apply on the platform and are evaluated based on credit history and financial factors; approved loans are funded when investors purchase notes that represent parts of the loan. The company earns origination fees from borrowers and service fees from investors, deriving revenue from both loan initiation and ongoing servicing. The goal is to provide accessible credit and investor opportunities through a scalable marketplace that pairs funding needs with capital.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

San Francisco, California

Founded

2006

Simplify Jobs

Simplify's Take

What believers are saying

  • The **Wisetack** partnership opens contractor-embedded home-improvement loan distribution.
  • A **4.15% APY CD** can attract deposits and lower funding dependence.
  • Strong **credit outperformance** supports institutional confidence and originations growth.

What critics are saying

  • **Charge-off normalization** toward historical levels will pressure earnings and loan-sale economics.
  • **Deposit competition** compresses net interest margin as banks bid for funding.
  • **Regulatory scrutiny** increases as LendingClub expands into bank products and new lending channels.

What makes LendingClub unique

  • LendingClub is a **digital marketplace bank**, not just a lending platform.
  • It combines **loan origination**, **deposit gathering**, and **consumer credit** under one regulated bank.
  • Its products span **personal loans**, **auto refinance**, and **purchase finance**.

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Your Connections

People at LendingClub who can refer or advise you

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Unlimited Paid Time Off

Parental Leave

Hybrid Work Options

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

-2%
Yahoo Finance
Mar 23rd, 2026
LendingClub shares jump 5.9% on 4.15% CD rate and easing US–Iran tensions

LendingClub shares rose 5.9% this week after the digital lender launched a competitive 8-month certificate of deposit offering 4.15% APY, whilst broader financial stocks gained on reports of easing US-Iran tensions. The company's hybrid digital bank and marketplace model projects $1.3 billion in revenue and $269.5 million in earnings by 2028, requiring earnings growth of approximately $195.5 million from current levels of $74 million. Some analysts estimate fair value at $24.20, representing 65% upside from current prices. Whilst the headline-grabbing CD rate could help attract depositors and support balance sheet growth, the company remains exposed to risks around competition in personal loans and potential credit normalisation in its unsecured lending portfolio.

Bloom Credit
Mar 19th, 2026
Bloom Credit wins "Banking Infrastructure Software of the Year" Award.

Bloom Credit wins "Banking Infrastructure Software of the Year" Award. Bloom Credit Inc. is proud to announce today that Bloom Credit was named the winner of the "Banking Infrastructure Software of the Year" award as part of the 2026 FinTech Breakthrough Awards program. This annual awards program highlights companies making significant progress in financial services through technology. This year's program received over 4,500 nominations from around the globe, recognizing solutions that are reshaping everything from digital banking to lending and payments. Bloom Credit was selected for its role in building the infrastructure that powers modern credit data experiences. Through its platform, including the Bloom+ API, Bloom Credit Inc. provide scalable, API-driven systems that allow financial institutions to integrate credit-building and reporting directly into their existing products and workflows. "Winning Banking Infrastructure Software of the Year is a strong validation of the work we're doing to modernize credit data," said Christian Widhalm, CEO of Bloom Credit. "We've focused on building infrastructure that helps financial institutions move faster and deliver better outcomes for consumers, and it's exciting to see that work recognized at this level." At Bloom Credit, its mission has always been to simplify access to credit data and help financial institutions deliver more impactful, consumer-first products. This win underscores the importance of modern, flexible infrastructure in enabling banks, credit unions, and fintechs to better serve their customers while navigating an increasingly complex data landscape. Bloom Credit Inc. is honored to be recognized alongside companies like Mastercard, Fiserv, Capital One, and LendingClub as part of this year's FinTech Breakthrough Awards, and to be included among a broader group of organizations shaping the future of financial services. As the industry continues to invest in digital transformation, the underlying credit data layer remains a critical area for innovation. By modernizing how payment data is permissioned, furnished, and reported, Bloom is helping institutions unlock new capabilities while maintaining control of the customer experience. Bloom Credit Inc. is grateful to its clients and partners who trust Bloom Credit Inc. to be part of their stack, and Bloom Credit Inc. is excited to continue building solutions that support the next generation of financial services. Stay tuned, Bloom Credit Inc. can't wait to share what comes next! March 19, 2026

Yahoo Finance
Feb 27th, 2026
US wholesale inflation rises 0.5% in January, triggering sell-off in financial stocks

US stocks fell after January's Producer Price Index showed wholesale inflation rose 0.5%, significantly above the 0.3% consensus forecast. Year-over-year, the index increased 2.9%. The unexpectedly high reading suggests persistent inflationary pressures and has dampened investor optimism for near-term Federal Reserve interest rate cuts. The central bank is less likely to lower borrowing costs whilst inflation remains elevated. Financial services stocks were particularly impacted. Jefferies fell 10.4%, Interactive Brokers dropped 6.1%, and Evercore declined 6.5%. LendingClub tumbled 11.1%, whilst PROG fell 5.7%. The shift in expectations for monetary policy triggered a broad market sell-off as traders adjusted to the possibility of interest rates remaining higher for longer.

Yahoo Finance
Feb 26th, 2026
LendingClub beats Pagaya as better fintech bet despite rival's AI-driven loan model

Pagaya Technologies, an AI-powered fintech platform, reached profitability in 2025, posting net income of $81.4 million compared with a $401.4 million loss in 2024. Revenue grew 26.1% year over year, whilst adjusted EBITDA rose 76.3%. The company's capital-light model connects banks and fintech firms through its AI network, spreading risk across personal loans, auto loans and point-of-sale financing. However, Pagaya's management guidance signals slower near-term expansion due to tighter underwriting standards. Despite improving fundamentals, analysts favour LendingClub over Pagaya, citing LC's hybrid bank-backed lending model, which delivers steadier earnings and stronger cash flow visibility at a lower valuation. LendingClub reported 33% growth in loan originations and 23% revenue growth in 2025.

Ohio Statewide Development Corporation
Feb 18th, 2026
Borrower Spotlight: Nayosha Hospitality and the Quality Inn - Streetsboro

Borrower spotlight: Nayosha Hospitality and the Quality Inn - Streetsboro. | borrower spotlight: Nayosha Hospitality and the Quality Inn - Streetsboro | / |. Published February 18, 2026 Ownership transitions can open the door to new growth when structured strategically. Nayosha Hospitality LLC provides a strong example of how the right financing solution can support long-term stability and operational efficiency. About Nayosha Hospitality. Nayosha Hospitality LLC owns and operates the Quality Inn in Streetsboro, Ohio, located in Portage County. The 8,000 square foot hotel sits on two acres and includes 54 rooms. Originally acquired by three partners in September 2021, the ownership group later executed a purchase agreement allowing one owner to acquire 100 percent ownership. The hotel was fully renovated in 2017, with additional repairs and improvements completed in 2022 under current ownership. Today, the property is in like-new condition and benefits from strong regional demand. Demand generators include: * Kent State University * Blossom Music Center * Akron-Canton Airport * Cleveland Hopkins International Airport * Aurora Outlets Supporting a partner buyout with SBA 504 financing. OSDC partnered with LendingClub Bank to secure an SBA 504 loan that enabled the partner buyout and transition to full ownership. This financing structure allowed the business to: * Complete a smooth ownership transition * Increase operational efficiency * Retain all existing jobs * Create two new jobs By supporting the ownership transition, the SBA 504 structure helped position Nayosha Hospitality for continued growth in a competitive hospitality market. Strengthening local business through strategic financing. Partner buyouts require careful structuring to protect business stability. This project demonstrates how collaboration between borrower, lender, and OSDC can help facilitate smooth transitions while preserving jobs and strengthening the local economy. Ohio Statewide Development Corporation is proud to have partnered with LendingClub Bank and Nayosha Hospitality to support this next chapter of growth.

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