Doing What’s Right: Gender Diversity at LendingClub

Published on: 1/18/2019. Revised on: 3/14/2019.

We at LendingClub are a team of smart, dedicated people from a diverse set of backgrounds and experiences, including race, ethnicity, culture, gender identity, and much more. We work hard to maintain a culture where everyone is accepted and different perspectives are heard.

That’s why we’re proud to announce that LendingClub has been selected to be part of Bloomberg’s 2019 Gender-Equality Index, which recognizes 230 companies, of which 96 are financial firms, for their commitment to transparency in gender reporting and advancing women’s equality. The index includes companies from 10 sectors, headquartered across 36 countries and regions. Collectively, these companies have a combined market capitalization of USD 9 trillion and globally employ more than 15 million people, of which 7 million are women.

While we’re always looking to do more, this recognition is a testament to our ongoing commitment to advancing women in the workplace and our belief that we perform at our best when our workforce reflects the broad diversity of customers we serve.

Leadership diversity

We’ve worked hard to make sure our executive team and board of directors are diverse in terms of gender, ethnicity, and industry backgrounds, and we currently have two women serving on our executive team and three women on our board of directors. We have an active internal women’s network led by our Chief Capital Officer and Chief People Officer that focuses on development, mentoring, and recognition programs. In 2018, we piloted a women’s leadership development program to ensure our high-potential female employees have the tools and support they need to advance their careers with LendingClub.

Unconscious bias

Foundational to our diversity and inclusion strategy is raising individual awareness on unconscious bias and provide tools and resources to help our people proactively manage those biases. To that end, we provide online training and live workshops to provide opportunities for discussion and skill building.

Leadership commitment

We launched a cross-functional Diversity & Inclusion Steering Committee dedicated to setting strategy and adopting best practices to drive inclusion, diversity, and belonging. In addition, each member of our executive team receives a biannual scorecard that helps them monitor race and gender representation within their teams. Furthermore, each of our six employee resource groups has an executive-level sponsor who provides support and champions key initiatives and speaks at employee events.

Hiring diverse talent

For our open roles, we strive for a 50% diverse candidate and interview slate. We also provide training and resources for hiring managers and interviewers on ways to mitigate unconscious bias during the interview process, which can help provide a consistent candidate experience.

Start your career with us

We are helping millions of Americans take control of their financial lives. We strive to treat people with respect and fairness, and that ideal shapes how we work, how we treat each other, and how we invest in our employees and our community. Join us in using data, bold thinking, and a commitment to innovation to help put millions of Americans on a path to financial success. Search for available openings in our Careers page.

To Read Next

4 min read

Custodial Accounts Vs 529 Plan

It’s no secret that getting an education isn’t cheap, and costs continue to rise. College costs have risen an average…

READ MORE
5 min read

Q1 2019 Platform Update

To ensure balance in our marketplace, we make periodic adjustments based on investor feedback, marketplace demand, loan performance, and…

READ MORE
3 min read

LendingClub FTC Litigation Update

A little over a year ago the FTC filed a complaint against LendingClub. When the FTC complaint was filed…

READ MORE