LendingClub
Sr Director, Credit Strategy & Pricing
LendingClub - San Francisco, California, United States, 94199
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Overview
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Sr Director, Credit Strategy & Pricing
role at
LendingClub Join to apply for the
Sr Director, Credit Strategy & Pricing
role at
LendingClub Get AI-powered advice on this job and more exclusive features. Direct message the job poster from LendingClub 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 Director, Credit Strategy & Pricing to join the team. In this role, you’ll lead credit risk management & pricing strategy for personal loan Prime segment within the Consumer Banking business at Lending Club.
What You'll Do
Lead credit risk management & pricing strategy for a key unsecured lending personal loan segment within the Consumer Banking business at LendingClub Develop and optimize credit policies, underwriting criteria, exposure management and pricing strategy in addition to segmentation, vintage loss forecasting and vintage valuations Collaborate with cross-functional partners in the development of, and delivery against annual operating and strategic plans Generate loan issuance that delivers durable risk-adjusted returns for both marketplace investors and LendingClub Bank held-for-investment assets. Deliver loan issuance volume consistent with the business plan and credit profile within risk appetite Lead the ideation and development of leading-edge predictive models, grading systems, segmentation, predictive analytic methodologies and experimentation to compete along a dynamic and optimal risk-return frontier Have a passion for finding data-driven insights to identify optimization and continuous learning opportunities within credit performance and pricing Ensure agile implementation of credit strategy changes with rigorous production testing and robust preventive & detective controls Formulate and actively maintain credit policy practices and standard operating procedure manuals, ensuring consistency with bank guidelines and regulations Provide thought leadership and partner with cross-functional groups (Product, Business, Engineering and Data Science) to drive white space innovation & new product development initiatives Manage the development of monitoring 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 Direct timely and accurate completion of all Credit Committee, Board and regulatory reporting from a credit risk perspective Manage a high-performing team of Director/Senior Managers & their teams in fostering a dynamic, inclusive, learning culture
About You
12+ years of experience in financial services, credit risk management, predictive analytics or strategy consulting 5+ years of people management experience leading and mentoring teams Bachelor’s Degree in Statistics, Finance, Economics, or a related quantitative discipline; or equivalent work experience Proficiency in SQL, Python, and Tableau, with strong familiarity in advanced analytics techniques and Credit/ML Models, with a focus on consumer credit products You are a line of business (first line) functional practitioner with deep domain knowledge in unsecured lending or credit cards with a keen understanding of commercial value drivers You have demonstrated experience across origination channels including but not limited to digital affiliates, organic and direct mail channels, with expertise in policy development, pricing optimization and portfolio analytics You are collaborative and adaptable, with strong negotiation skills and a versatile interpersonal style that supports effective teamwork You are detailed-oriented and results-driven, with a strategic mindset and a strong operational focus
Work Location
San Francisco
The above locations are eligible offices for this role. The locations have been determined to foster in-person collaboration with this role’s team or the related business lines. We utilize a hybrid work model, and our teams are in-office Tuesdays, Wednesdays, and Thursdays. In-person attendance is essential for this role’s success, and remote placement will not be considered. LendingClub offers relocation, based on actual job level.
Time Zone Requirements
Primarily PT
While the position will primarily work local hours, LendingClub is headquartered in Pacific Time and our ideal candidate will be flexible working across time zones when necessary.
Travel Requirements
Monthly/quarterly/as needed travel to LendingClub offices and/or other locations, as needed.
Compensation
The target base salary range for this position is 211,000-245,000. The base salary of the role will be determined by job-related knowledge, experience, education, skills, and location. Base salary is just one part of LendingClub’s Total Rewards package. You may also be eligible for long-term awards (equity) and an annual bonus (which is based on company performance, employee performance and eligible earnings).
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.
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.
Seniority level
Seniority level Director Employment type
Employment type Full-time Job function
Job function Finance and Sales Referrals increase your chances of interviewing at LendingClub by 2x Sign in to set job alerts for “Director of Credit” roles.
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Sr Director, Credit Strategy & Pricing
role at
LendingClub Join to apply for the
Sr Director, Credit Strategy & Pricing
role at
LendingClub Get AI-powered advice on this job and more exclusive features. Direct message the job poster from LendingClub 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 Director, Credit Strategy & Pricing to join the team. In this role, you’ll lead credit risk management & pricing strategy for personal loan Prime segment within the Consumer Banking business at Lending Club.
What You'll Do
Lead credit risk management & pricing strategy for a key unsecured lending personal loan segment within the Consumer Banking business at LendingClub Develop and optimize credit policies, underwriting criteria, exposure management and pricing strategy in addition to segmentation, vintage loss forecasting and vintage valuations Collaborate with cross-functional partners in the development of, and delivery against annual operating and strategic plans Generate loan issuance that delivers durable risk-adjusted returns for both marketplace investors and LendingClub Bank held-for-investment assets. Deliver loan issuance volume consistent with the business plan and credit profile within risk appetite Lead the ideation and development of leading-edge predictive models, grading systems, segmentation, predictive analytic methodologies and experimentation to compete along a dynamic and optimal risk-return frontier Have a passion for finding data-driven insights to identify optimization and continuous learning opportunities within credit performance and pricing Ensure agile implementation of credit strategy changes with rigorous production testing and robust preventive & detective controls Formulate and actively maintain credit policy practices and standard operating procedure manuals, ensuring consistency with bank guidelines and regulations Provide thought leadership and partner with cross-functional groups (Product, Business, Engineering and Data Science) to drive white space innovation & new product development initiatives Manage the development of monitoring 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 Direct timely and accurate completion of all Credit Committee, Board and regulatory reporting from a credit risk perspective Manage a high-performing team of Director/Senior Managers & their teams in fostering a dynamic, inclusive, learning culture
About You
12+ years of experience in financial services, credit risk management, predictive analytics or strategy consulting 5+ years of people management experience leading and mentoring teams Bachelor’s Degree in Statistics, Finance, Economics, or a related quantitative discipline; or equivalent work experience Proficiency in SQL, Python, and Tableau, with strong familiarity in advanced analytics techniques and Credit/ML Models, with a focus on consumer credit products You are a line of business (first line) functional practitioner with deep domain knowledge in unsecured lending or credit cards with a keen understanding of commercial value drivers You have demonstrated experience across origination channels including but not limited to digital affiliates, organic and direct mail channels, with expertise in policy development, pricing optimization and portfolio analytics You are collaborative and adaptable, with strong negotiation skills and a versatile interpersonal style that supports effective teamwork You are detailed-oriented and results-driven, with a strategic mindset and a strong operational focus
Work Location
San Francisco
The above locations are eligible offices for this role. The locations have been determined to foster in-person collaboration with this role’s team or the related business lines. We utilize a hybrid work model, and our teams are in-office Tuesdays, Wednesdays, and Thursdays. In-person attendance is essential for this role’s success, and remote placement will not be considered. LendingClub offers relocation, based on actual job level.
Time Zone Requirements
Primarily PT
While the position will primarily work local hours, LendingClub is headquartered in Pacific Time and our ideal candidate will be flexible working across time zones when necessary.
Travel Requirements
Monthly/quarterly/as needed travel to LendingClub offices and/or other locations, as needed.
Compensation
The target base salary range for this position is 211,000-245,000. The base salary of the role will be determined by job-related knowledge, experience, education, skills, and location. Base salary is just one part of LendingClub’s Total Rewards package. You may also be eligible for long-term awards (equity) and an annual bonus (which is based on company performance, employee performance and eligible earnings).
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.
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.
Seniority level
Seniority level Director Employment type
Employment type Full-time Job function
Job function Finance and Sales Referrals increase your chances of interviewing at LendingClub by 2x Sign in to set job alerts for “Director of Credit” roles.
Senior Director of Global AML & Sanctions Programs
San Francisco, CA $248,000.00-$310,000.00 2 weeks ago Director, Strategic Product Finance - Rideshare
Director – North America Credit Settlement Risk Management
San Francisco, CA $145,400.00-$234,200.00 3 days ago San Francisco, CA $200,000.00-$241,000.00 2 weeks ago Director of Operations & Chief Compliance Officer
Foster City, CA $160,000.00-$200,000.00 1 month ago San Francisco, CA $176,000.00-$200,000.00 20 hours ago San Francisco, CA $190,000.00-$210,000.00 2 weeks ago San Francisco, CA $165,000.00-$200,000.00 2 weeks ago Senior Director - GTM Finance & Strategy
San Francisco, CA $233,700.00-$404,000.00 1 day ago San Francisco, CA $250,000.00-$300,000.00 5 months ago San Francisco, CA $150,000.00-$170,000.00 2 weeks ago San Francisco, CA $220,000.00-$270,000.00 4 days ago Director, Strategic Finance & Chief of Staff
South San Francisco, CA $200,000.00-$235,000.00 3 weeks ago Director - Business Transformation (Finance Transformation)
San Francisco, CA $169,000.00-$356,000.00 4 days ago Oakland, CA $192,920.94-$241,151.16 1 day ago San Francisco, CA $310,000.00-$350,000.00 2 weeks ago San Francisco, CA $232,000.00-$348,000.00 2 days ago Investment Banking Director/VP - Enterprise Software (San Francisco, CA)
Foster City, CA $225,000.00-$280,000.00 1 week ago Alameda, CA $190,000.00-$239,000.00 1 week ago Redwood City, CA $198,000.00-$298,000.00 4 days ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr