The Lending Operations Senior Manager will bear responsibility for the comprehensive management and oversight of all facets of Credit Karma Money's (CKM) lending operations, with a specific emphasis on adherence to all pertinent rules and regulations. This individual will be tasked with establishing and enhancing operational compliance pertaining to CKM's lending products. This role necessitates close collaboration with product, member success, deposit operations, engineering, legal, compliance, and risk teams, and will serve a critical leadership function in identifying, assessing, and mitigating risks to ensure a compliant first line of defense. This position will cultivate a culture of compliance, ethical conduct, and risk awareness, while simultaneously safeguarding CK's reputation and financial stability.

 

What You Will Do:

• Process Development and Implementation: In conjunction with product, engineering, risk, member success, and other teams, develop, implement, and maintain a thorough review process of lending regulations, accompanied by up-to-date procedures and compliance training materials for CK lending products.
• Development and Training:
• Establish unambiguous roles and responsibilities for the development of a centralized lending operations functions encompassing various lending products and credit disputes.
• Coordinate the development and delivery of ongoing education pertaining to applicable regulations and banking policies and procedures for lending team members and member success agents.
• Regulatory Compliance:
• Ensure that all lending operations comply with federal, state, and local regulations.
• Oversee regulation-specific reviews, identify issues and patterns, conduct root cause analysis, and formulate informed proposals and/or decisions related to risk management and compliance resolution.
• Supervise the implementation of corrective actions and validation as required.
• Serve as a first line of defense compliance resource for lending operations.
• Continuous Monitoring: Work with Internal Monitoring team to ensure continuous monitor and endeavor to enhance first-line compliance accuracy, anchored in regulatory standards and guidance, promoting automation where feasible, and ensuring consistency and effectiveness.
• Reporting and Analysis: Prepare and present analyses on adherence to applicable regulations to our banking partners and management, including trend analysis and any necessary remediation.
• Audit & Examination Coordination: Work with internal Monitoring to coordinate and provide responses for internal audit or regulatory examination requests and findings, both internal and external.
• Manage compliance-related vendor relationships and support/influence loan vendor relationships.
• Support additional initiatives and strategic projects beyond the normal scope as needed.
• Maintain the utmost confidentiality with all information obtained.
• Collaborate with partner bank(s) as necessary to address new products, risks, and issues related to lending.

 

What We Expect As A Leader:

• Lead a team of subject matter experts, providing guidance and mentorship, and fostering a conducive working environment.
• Conduct regular one-on-ones to align cultural and business objectives, prioritize critical tasks, and coach for high performance.
• Facilitate execution through effective situational leadership tools.
• Support engagement and action by actively listening to team member feedback — identifying what is effective and what is not — supporting them in initiating and executing positive changes, and providing them with adequate resources.
• Support team members' professional and personal development.
• Acknowledge and commend team members for approximate accuracy through timely, individualized recognition.
• Promote collaboration and in-person interaction.

 

What We Are Looking For:

• A minimum of 10 years of pertinent experience with requisite competencies.
• Over 8 years of banking/lending compliance experience.
• A strong understanding of federal and state laws, rules, and regulations applicable to financial institutions.
• In-depth knowledge of and experience with regulatory compliance in lending directly associated with supporting regulations/laws.
• Demonstrated ability to effectively manage and lead a team of professionals, provide guidance and mentorship, and cultivate a positive working environment.
• Proficiency in data analysis and proven experience in identifying issues, trends, patterns, and root causes, and making informed decisions related to risk management and compliance resolution.
• Exceptional written and verbal communication skills are imperative for reporting, providing guidance to team members, and collaborating with various internal departments and external stakeholders, including regulatory agencies, BPO providers, partner bank(s), and auditors.
• A strategic and innovative thinker with a proactive approach to problem-solving.
• A strong capacity to manage multiple priorities and adapt to change in a dynamic environment.

 

Benefits include:

• Medical and Dental Coverage
• Retirement Plan
• Commuter Benefits
• Wellness perks
• Paid Time Off (Vacation, Sick, Baby Bonding, Cultural Observance, & More)
• Education Perks
• Paid Gift Week in December

 

Benefits at Credit Karma includes:
    • Medical and Dental Coverage
    • Retirement Plan
    • Commuter Benefits
    • Wellness perks
    • Paid Time Off (Vacation, Sick, Baby Bonding, Cultural Observance, & More)
    • Education Perks
    • Paid Gift Week in December

Pay Transparency Notice: Credit Karma’s mission of championing financial progress for all starts from within. That’s why we implemented role-based compensation, which ensures people who are in the same role receive the same pay with variations for geographic location only. It’s all part of a more comprehensive DEI strategy that helps level the playing field. The base salary for this role is $191,083, plus equity and benefits.