VP Consumer Credit Financial Risk Management
VP Consumer Credit Financial Risk Management
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1 Vacancy
Job Description
Current Employees of LendingClub: Please apply via your internal Workday Account
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 highcost debt and achieve their financial goals. Members today have mobilefirst 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 Role
We 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 Youll 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 pointofsale finance and auto refinance business segments
- Provide independent review & credible challenge of liquidity interest rate risk management and capital stress testing programs within the Banks Treasury function
- Manage the independent quality control function for all consumer loans underwritten on the Banks 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 Banks 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 leadingedge credit risk identification & mitigation with forwardlooking & actionable insight for management and the Board. Provide though leadership and partner with crossfunctional 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 crossfunctional 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
About You
- 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 resultsorientation and strategic mindset
- Prior leadership and people management experience with the ability to lead and motivate large diverse teams
- Strong analytical and problemsolving skills
- Masters degree in a quantitative discipline engineering finance economics)
Work Location
San Francisco Lehi or New York
We are currently working a hybrid schedule and our teams are inoffice Tuesdays Wednesdays and Thursdays.
Time Zone Requirements
Local hours (PT MT ET)
Travel Requirements
If you need to travel for work LendingClub will cover your travel related expenses.
Compensation
The target base salary range for this position position is also eligible to receive a bonus (which is based on company performance employee performance and eligible earnings)equityand benefits. Our salary ranges other compensation and benefits offeredare determined by role experience level and location.
Were 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 programsflexibletime off policiesfor salaried employees up to 16 weeks paid parental leave and more.
#LIHybrid
#LIHB1
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
Required Experience:
Exec
Employment Type
Full-Time
