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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 RoleWe are looking for a VP, Consumer Credit & Financial Risk Management to lead our Credit Risk Team. You will lead credit risk management oversight of the unsecured & secured consumer lending portfolios, in addition to independent oversight of capital stress testing, credit loss allowance, liquidity and interest rate risk management. You will report into the Chief Credit Officer of the Bank.What You'll Do- Provide independent review & credible challenge of all credit extension, pricing and collections strategy proposals within the consumer bank. Ensure safe & sound lending in the personal loan, point-of-sale finance and auto refinance business segments
- Provide independent review & credible challenge of liquidity, interest rate risk management and capital stress testing programs within the Bank’s Treasury function
- Manage the independent quality control function for all consumer loans underwritten on the Bank’s automated decisioning platforms
- Lead the development of preventive & detective control systems and robust early warning and performance monitoring mechanisms. Ensure monitoring is in place, including processes for management of credit and operational risk in accordance with Company and regulatory standards
- Coordinate credit administration across the Bank including but not limited to credit risk committee meetings and ongoing review & refresh of the Bank’s consumer credit policy, standards, risk appetite and concentration limits
- Ensure timely and accurate completion of all Credit Committee, Board and regulatory reporting from a credit risk perspective
- Provide leading-edge credit risk identification & mitigation, with forward-looking & actionable insight for management and the Board. Provide though leadership and partner with cross-functional groups to evaluate new product development initiatives. Participate in industry roundtables to keep abreast of industry standards and best practices
- Facilitate regulatory exams
- Collaborate with cross-functional partners in the development of and delivery against annual operating and strategic plans
- Manage Directors, Senior Managers & their teams in fostering a dynamic, equitable, inclusive, high performing learning culture
- Line of business (first line or second line) functional practitioner with seasoned credit judgment, keen understanding of value drivers and deep domain knowledge in credit risk management
- 15+ years of progressive management experience in financial services and credit risk management, with emphasis on unsecured consumer lending
- Rigorous analyst, adept synthesizer and very articulate written & verbal communicator
- Effective collaborator, negotiator and team player with a versatile interpersonal and influencing style
- Operator with keen attention to detail, results-orientation and strategic mindset
- Prior leadership and people management experience with the ability to lead and motivate large diverse teams
- Strong analytical and problem-solving skills
- Master’s degree in a quantitative discipline (engineering, finance, economics)
Work Location
San Francisco, New York
The above locations are eligible offices for this role. The locations have been determined to foster in-person collaboration with this role’s team or the related business lines. We utilize a hybrid work model, and our teams are in-office Tuesdays, Wednesdays, and Thursdays. In-person attendance is essential for this role’s success, and remote placement will not be considered. LendingClub offers relocation, based on actual job level.
Time Zone Requirements
Primarily PT
Primarily ET
Local hours (PT, ET)
While the position will primarily work local hours, LendingClub is headquartered in Pacific Time and our ideal candidate will be flexible working across time zones when necessary.
Travel Requirements
Monthly/quarterly/as needed travel to LendingClub offices and/or other locations, as needed.
Compensation
The target base salary range for this position is 240,000-270,000. The base salary of the role will be determined by job-related knowledge, experience, education, skills, and location. Base salary is just one part of LendingClub’s Total Rewards package. You may also be eligible for long-term awards (equity) and an annual bonus (which is based on company performance, employee performance and eligible earnings).
We’re creating new financial services solutions for our members based on fairness, simplicity, and heart, and we treat our employees the same way. We offer a competitive benefits package that includes 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 and more.
#LI-Hybrid
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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 [email protected].
LendingClub San Francisco, California, USA Office
595 Market St, #200, San Francisco, CA, United States, 94105
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