Model Risk Management Director
Model Risk Management Director
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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 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 Role
As a key member of the Enterprise Risk Management team you will drive high-impact model risk management projects that are associated with LendingClubs digital banking transformation. You will have frequent interaction and collaboration with cross-function partners including third-party teams and deliver the results through yourself and/or others. Success in this role requires a self-starter who has creative thinking and analytical skills and the ability to collaborate with different teams and find opportunities to make an impact on the business through analytics.In this role you will lead model validation activities as part of the independent validation of BSA/AML models including (but not limited to) Transaction Monitoring Customer Risk Scoring and OFAC/Sanctions Screening systems.
What Youll Do
- Own develop and manage working relationships with BSA/AML stakeholders. Monitor and keep abreast of changes in BSA/AML related regulations and MRM policies
- Develop validation plans for BSA/AML models including custom built models and third-party proprietary models. Lead and perform model validations including policies and procedures data quality conceptual soundness assumptions/limitation output analysis and ongoing monitoring metrics
- Identify sources of risk in models. Thoroughly and comprehensively review all model components and developmental evidence Responsible for providing effective challenges to conceptual soundness of models and conducting quantitative analytics
- Challenge developers and users and elevate their findings for the overall improvement and acceptance of new models
- Present validation work through formal validation reports and presentations to model owners and model oversight committee. Clearly and concisely document and communicate validation findings
- Maintain track and review of validation findings issues and remediations
- Review ongoing model performance monitoring of all BSA/AML models
- Coordinate model risk management projects across third-party teams and internal model owners/users and ensure the quality of the results meet company policy and standard
About You
- 10 years of experience working in the consumer and/or commercial credit industry with a quantitative background in the development validation and use of BSA/AML models
- 3 years of project management experience in model risk management or risk analytics
- Experience with BSA/AML tools such as Bridger and Verafin is a plus
- Have proven SAS/R/Python and SQL programming skills
- Ability to communicate clearly and precisely on technical and business topics
- Attention to detail dedicated and willing to take extra efforts
- Masters degree or PhD in quantitative/predictive analytics is preferred
- Familiar with OCC 2011-12/SR 11-7 and other regulatory guidance on model risk management and capable of addressing questions from internal and external auditors and regulators
- Ability to manage multiple projects simultaneously to meet aggressive deadlines with high standards for quality
- Continuously evolve skills and expertise as the business and industry evolves
Work Location
San Francisco
We are currently working a hybrid schedule and our teams are in-office Tuesdays Wednesdays and Thursdays.
Time Zone Requirements
Primarily PT
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.
#LI-Hybrid
#LI-GB1
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:
Director
Employment Type
Full-Time
