Lending Club
Credit Strategy & Pricing Manager
Lending Club, San Francisco, California, United States, 94118
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 credit risk management team, you will be responsible for managing and crafting risk strategies along with developing and tracking appropriate metrics. You will develop and implement the underwriting and pricing strategy for LendingClub's personal loan product, primarily focused on Partnership channels, an important and growing marketing channel for LendingClub. You will find opportunities to improve yield for the investors while maintaining reasonable loss rate as well as improve financial performance of LendingClub.
What You'll Do
* 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
About You
* 4+ years of experience in some combination of credit, analytics, risk management, and data science* Bachelor or master's degree with quantitative background (e.g. Statistics, Math, Engineering, Economics)* Strong technical skills such as SQL, SAS, Python* Experience with BI/data visualization tools (like Tableau or Excel to create dashboards)* Must be self-directed, able to work independently, as well as work in a team-oriented and fast paced environment* Excellent written and verbal communication skills including ability to communicate project scope in documentation and presentation format* Previous experience in the Financial / FinTech industry, preferably in partnership channels is a plus
Work Location
San Francisco
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 is 92,000-150,000. The position is also eligible to receive a bonus (which is based on company performance, employee performance and eligible earnings), equity, and benefits. Our salary ranges, other compensation and benefits offered are determined by role, experience level and location.
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.
#Hybrid
#LI-AW1
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 interviewaccommodations@lendingclub.com.
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 credit risk management team, you will be responsible for managing and crafting risk strategies along with developing and tracking appropriate metrics. You will develop and implement the underwriting and pricing strategy for LendingClub's personal loan product, primarily focused on Partnership channels, an important and growing marketing channel for LendingClub. You will find opportunities to improve yield for the investors while maintaining reasonable loss rate as well as improve financial performance of LendingClub.
What You'll Do
* 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
About You
* 4+ years of experience in some combination of credit, analytics, risk management, and data science* Bachelor or master's degree with quantitative background (e.g. Statistics, Math, Engineering, Economics)* Strong technical skills such as SQL, SAS, Python* Experience with BI/data visualization tools (like Tableau or Excel to create dashboards)* Must be self-directed, able to work independently, as well as work in a team-oriented and fast paced environment* Excellent written and verbal communication skills including ability to communicate project scope in documentation and presentation format* Previous experience in the Financial / FinTech industry, preferably in partnership channels is a plus
Work Location
San Francisco
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 is 92,000-150,000. The position is also eligible to receive a bonus (which is based on company performance, employee performance and eligible earnings), equity, and benefits. Our salary ranges, other compensation and benefits offered are determined by role, experience level and location.
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.
#Hybrid
#LI-AW1
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 interviewaccommodations@lendingclub.com.