Senior Credit Strategy Manager, Lending Club
$157-180k
+ Bonus + Equity
More information about location
3 days a week in office
Online personal loans
Open for applications
Online personal loans
1001+ employees
Open for applications
$157-180k
+ 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. Its technology platform enables it to deliver innovative solutions to borrowers and investors.
Role
Who you are
- 6+ years of experience in some combination of credit, analytics, risk management, and data science
- Bachelor's degree or higher in a quantitative field (e.g. Statistics, Math, Engineering, Economics); or equivalent work experience
- Must be self-directed, able to work independently, as well as work in a team-oriented and fast paced environment
- Strong technical skills such as SQL, SAS, Python, Tableau, with familiarity with big data and cloud environments
- Strong MS-Office skills (Excel, PowerPoint)
- Excellent written and verbal communication skills including ability to communicate project scope in documentation and presentation format
- Previous experience in the financial or fintech industry, preferably in partnership channels is a plus
What the job involves
- We are looking for a Sr Manager, Credit Strategy & Pricing, who is an organized and motivated player-coach, with a strong sense of ownership
- As a key member of the credit risk management team, you will be responsible for developing risk strategies, creating, and tracking appropriate KPIs, and serve as an active stakeholder in flawless implementation
- You will develop and implement the underwriting and pricing strategy for Partnership channels, an important and growing marketing channel for LendingClub
- Develop, gain approval, and implement credit risk strategies that involve elements of credit underwriting, pricing, loan amount assignment and verification based on an estimation of probability of default
- Design A/B tests to help understand risk return tradeoffs using hypothesis testing frameworks
- Craft automated dashboards to track KPIs around funnel conversion and strategy/portfolio performance; summarize and present findings to senior management
- Use analytical techniques to mine loan performance data, identify pockets of underperformance, conduct root cause analysis, draw conclusions and help recommend risk mitigation strategies
- Measure credit expansion opportunities to optimize risk-adjusted revenue
- Expand existing set of data used in credit decisioning process by evaluating information, value of non-traditional data sources and by re-engineering use of existing data elements
- Manage and measure data quality, coverage, and freshness
- Taking ownership in developing, executing and driving solutions independently for partnership channels
- Collaborate with partner marketing and product teams to identify key drivers and ensuring overall performance and KPIs are in line with expectations
- Work closely with technology and engineering teams to ensure new strategies are implemented accurately and as designed
- Develop and provide regular reporting on project status and ensure timely communication at senior level meetings
- Partner with cross-functional team to ensure the effective execution of new partnerships managing all stages including partner onboarding, launch, performance monitoring and ongoing tracking of credit performance and optimization
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. Connecting borrowers with investors in a marketplace model and offering fast loan approvals and competitive interest rates. And it's working, as the platform boasts over 5M members.
To bolster this success, the company acquired Tally Technologies' intellectual property (IP) in a strategic move to enhance its credit management services. By integrating Tally's technologies, Lending Club is set to strengthen its offerings and further improve customer engagement for a future of growth in the digital banking space.
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.
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