LendingClub Bank
Sr Commercial Portfolio Manager
LendingClub Bank, San Francisco, California, United States, 94199
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
We are looking for a Sr Commercial Credit Risk Manager to lead the independent credit risk management of the Equipment Finance (EF) portfolio at Lending Club, as well as oversight of credit extension in the Small Business Lending. segment.
What You'll Do
Portfolio Review: conduct periodic credit review on all credit exposures in the EF portfolio, assign risk ratings & coordinate independent loan review by external auditorsWorkouts: directly responsible for determining action plans, customer contact and managing recovery on all EF problem credits. Manage partnership with third party legal and valuation agents for specialized servicesEnsure monitoring is in place, including processes for management of credit and operational risk in accordance with Company and regulatory standards. Support regulatory examsPartner with the loss forecasting team to provide quantitative & qualitative input to the process for allowance for credit loss (CECL)Collaborate with the team for timely and accurate completion of all Credit Committee, Board and regulatory reporting from a credit risk perspective; ensure rich actionable credit insightFormulate and actively maintain credit policy practices and standard operating procedure manuals, ensuring consistency with bank guidelines and regulationsProvide independent review & credible challenge of credit extension proposals in the Small Business Lending segment within the delegated credit authority structure. Ensure safe & sound lending in the Commercial business segment, within the established risk appetite and concentration limits of the BankCollaborate with cross-functional partners in the development of, and delivery against annual operating and strategic plansAbout You
6+ years of progressive experience in financial services and credit risk management, with emphasis on Small Business & Commercial lending including underwriting, credit review, portfolio management, workouts and loan loss allowanceLine of business (first line or second line) functional practitioner with domain knowledge in small business or commercial lending, sound credit judgment, keen understanding of financial statements and hands-on experience with workout of criticized assetsEffective collaborator, negotiator and team player with a versatile interpersonal styleOperator with keen attention to detail, results-orientation and strategic mindsetEffective verbal and written communication skillsStrong analytical and problem-solving skillsBachelor's or master's degree in a quantitative discipline (finance, economics); or equivalent work experience
Work LocationSan Francisco
We are currently working a hybrid schedule and our teams are in-office Tuesdays, Wednesdays, and Thursdays.
Time Zone RequirementsPrimarily PT
Travel RequirementsIf you need to travel for work, LendingClub will cover your travel related expenses.
CompensationThe target base salary range for this position is 135,000-160,000. 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.
#LI-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
We are looking for a Sr Commercial Credit Risk Manager to lead the independent credit risk management of the Equipment Finance (EF) portfolio at Lending Club, as well as oversight of credit extension in the Small Business Lending. segment.
What You'll Do
Portfolio Review: conduct periodic credit review on all credit exposures in the EF portfolio, assign risk ratings & coordinate independent loan review by external auditorsWorkouts: directly responsible for determining action plans, customer contact and managing recovery on all EF problem credits. Manage partnership with third party legal and valuation agents for specialized servicesEnsure monitoring is in place, including processes for management of credit and operational risk in accordance with Company and regulatory standards. Support regulatory examsPartner with the loss forecasting team to provide quantitative & qualitative input to the process for allowance for credit loss (CECL)Collaborate with the team for timely and accurate completion of all Credit Committee, Board and regulatory reporting from a credit risk perspective; ensure rich actionable credit insightFormulate and actively maintain credit policy practices and standard operating procedure manuals, ensuring consistency with bank guidelines and regulationsProvide independent review & credible challenge of credit extension proposals in the Small Business Lending segment within the delegated credit authority structure. Ensure safe & sound lending in the Commercial business segment, within the established risk appetite and concentration limits of the BankCollaborate with cross-functional partners in the development of, and delivery against annual operating and strategic plansAbout You
6+ years of progressive experience in financial services and credit risk management, with emphasis on Small Business & Commercial lending including underwriting, credit review, portfolio management, workouts and loan loss allowanceLine of business (first line or second line) functional practitioner with domain knowledge in small business or commercial lending, sound credit judgment, keen understanding of financial statements and hands-on experience with workout of criticized assetsEffective collaborator, negotiator and team player with a versatile interpersonal styleOperator with keen attention to detail, results-orientation and strategic mindsetEffective verbal and written communication skillsStrong analytical and problem-solving skillsBachelor's or master's degree in a quantitative discipline (finance, economics); or equivalent work experience
Work LocationSan Francisco
We are currently working a hybrid schedule and our teams are in-office Tuesdays, Wednesdays, and Thursdays.
Time Zone RequirementsPrimarily PT
Travel RequirementsIf you need to travel for work, LendingClub will cover your travel related expenses.
CompensationThe target base salary range for this position is 135,000-160,000. 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.
#LI-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.