Sr Director, Consumer Credit Risk

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

LendingClub is looking for a Sr Director, Consumer Credit Risk & Investor Analytics to lead credit risk management oversight across our consumer lending portfolios. In this role, you will also provide independent review and credible challenge of the capital stress testing and credit loss allowance processes. You will bring deep expertise in consumer credit, strong analytical acumen, and a collaborative leadership style to help ensure safe, sound, and scalable lending practices.

• Lead a team of analytics professionals to stay abreast of asset performance and credit practices, both within the Bank and across the fintech peer group
• Generate performance insight into each institutional investor's credit portfolio including credit profile, credit performance, asset yield and servicing metrics. Lead periodic reviews and discussions with institutional investors
• Stay informed on all credit extension, pricing and collections strategy proposals within LendingClub's consumer bank. Ensure safe & sound lending in the personal loan business segment
• Lead the development of preventive & detective control systems and robust early warning and performance monitoring mechanisms. Ensure monitoring is in place for each individual investor's credit portfolio, including processes for management of credit risk with established standards
• Ensure timely and accurate completion of all investor reporting from the perspective of credit and asset performance
• Provide leading-edge credit risk identification & mitigation, with forward-looking & actionable insight for management. Provide thought leadership and partner with cross-functional groups to evaluate new initiatives, including valuations for portfolio acquisitions or sales
• Participate in investor roadshows and meetings to provide insights into upcoming product features and credit strategy enhancements, and their impact on portfolio metrics such as losses and returns
• Consume industry, competitor and macro-economic data and glean insights into LC's competitive position and impact on portfolio performance
• Participate in industry roundtables to keep abreast of industry standards and best practices
• Facilitate regulatory exams
• Manage a team of analysts and managers while fostering a dynamic, equitable, inclusive, high performing learning culture

• 10+ years of progressive management experience in financial services and credit risk management, with an emphasis on unsecured consumer lending
• You are a functional consumer credit practitioner with strong analytical skills, seasoned credit judgment, keen understanding of value drivers and domain knowledge in consumer credit risk management
• Rigorous analyst, adept synthesizer, and 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 with creative problem-solving skills
• High level of proficiency with SQL, Python & Tableau. Familiar with allowance for credit loss and capital stress testing processes
• Bachelor's degree or higher in a quantitative discipline (engineering, finance, economics); or equivalent work experience

Work Location

San Francisco

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

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

As needed travel to LendingClub offices and/or other locations, as needed.

Compensation

The target base salary range for this position is 211,000-245,000. 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.

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