Risk Manager, Lending Club
Loss Forecasting
$126-147k
+ Bonus + Equity
More information about location
3 days a week in office
Online personal loans
Job no longer available
Online personal loans
1001+ employees
Job no longer available
$126-147k
+ Bonus + Equity
More information about location
3 days a week in office
1001+ employees
Company mission
To transform the banking system to make credit more affordable and investing more rewarding.
Role
Who you are
- 3+ years of experience in credit, analytics, risk management, data science, or information management; bachelor/master's degree with quantitative background (e.g. Statistics, Math, Engineering, Economics)
- Bachelor's degree or higher in a related field; or equivalent work experience
- Strong technical skills such as SQL, Python and cloud-based technologies like AWS
- Experience with BI/data visualization tools (like Tableau/Power BI and Excel to create dashboards)
- Excellent written and verbal communication skills including ability to communicate project scope in documentation and presentation format
- Experience in the Financial / FinTech industry is a plus
- Previous experience with loss forecasting and collections analytics, allowance and stress testing is a plus
What the job involves
- The Risk Manager, Loss Forecasting will be an organized and motivated team player with a strong sense of ownership
- As a key member of the credit risk management team, you will be responsible for creating and tracking appropriate KPIs, taking ownership of analytical initiatives from concept to delivery, and serve as an active stakeholder in credit reviews
- You will develop and maintain the infrastructure needed to support analytics and dashboarding for LendingClub’s products and will be expected to find opportunities to enhance and automate existing processes
- Collect and analyze data to identify credit risk (delinquency, roll rate, charge-off and prepayment) trends and drive insights to further strengthen loss forecasting analytics
- Craft dashboards to track KPIs around portfolio performance, including deep diving into credit strategies and their impact on it
- Develop early warning systems to proactively monitor credit risk exposure and emerging trends
- Use analytical techniques to mine loan characteristics/performance data to extract valuable insights for the business
- Own and drive end-to-end analytical projects aimed at identifying, quantifying, and mitigating credit risk from both internal and external factors
- Collaborate with cross-functional teams (Underwriting, Finance, Product, Data Engineering) to align analytics with business strategy
- Correlate Macro-Economic conditions with LendingClub’s internal loan performance to support recession readiness and long run planning
- Support planning and budgeting exercises within the company by leveraging forecasting assumptions and outputs
- Mentor junior team members in technical, business and credit risk concepts
Our take
Lending Club is a digital bank offering personal loans, auto loan refinancing, and debt consolidation to help individuals manage their finances. It provides flexible loan terms and competitive rates for a variety of needs, as well as high-yield saving and cash-back checking accounts, designed to help customers grow their money.
Focusing on digital solutions, Lending Club removes traditional brick-and-mortar branches, passing the savings on to customers through low fees and better rates. It connects borrowers with investors in a marketplace model and offers fast loan approvals and competitive interest rates.
To bolster its offering, the company acquired Tally Technologies' intellectual property (IP) to enhance its credit management services. It continues to develop and enhance its products and improve customer engagement in a bid to become a "top of mind" company with more active users.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-8% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Apr 2014
$65m
GROWTH EQUITY VC
Nov 2013
$57m
GROWTH EQUITY VC
Total funding: $332m
Company benefits
- Untracked vacation for salaried employees, which means take it when you need it, and generous paid time off for hourly team members
- A hybrid work model that balances in-office and work from home
- Leading health and safety protocols related to COVID, including complimentary at-home testing kits from Cue Health for those coming to the office
- Up to 16 weeks paid leave for new parents, plus a fully paid, phased return-to-work policy for qualified leaves
- Mothers Rooms and hospital-grade pumps in every LC office
- Generous and varied mental health benefits
- Wellness program with cash incentives — earn up to $75 per month for being active
- Paid volunteer time and donation matching
- Onsite gym, locker room, bike room, and fitness classes (depending on location)
- Café with our own in-house barista
- Stocked pantries with healthy snacks and drinks
- Technology-forward and collaborative office spaces
Company HQ
South Beach, San Francisco, CA
Leadership
Scott Sanborn
(CEO)Previously held leadership positions as the Chief Revenue Officer for publicly traded eHealth Insurance, President of RedEnvelope, Inc., and SVP at the Home Shopping Network. Joined LendingClub in 2010 and has worked as Chief Marketing Officer, Chief Operations Officer, and President before becoming the CEO in 2016.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 33 more jobs at Lending Club