Risk Manager, Loss Forecasting

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

The Risk Manager, Loss Forecasting will be an organized and motivated team player with a strong sense of ownership. As a key member of the credit risk management team, you will be responsible for creating and tracking appropriate KPIs, taking ownership of analytical initiatives from concept to delivery, and serve as an active stakeholder in credit reviews. You will develop and maintain the infrastructure needed to support analytics and dashboarding for LendingClub’s products and will be expected to find opportunities to enhance and automate existing processes.

What You'll Do

• Collect and analyze data to identify credit risk (delinquency, roll rate, charge-off and prepayment) trends and drive insights to further strengthen loss forecasting analytics
• Craft dashboards to track KPIs around portfolio performance, including deep diving into credit strategies and their impact on it
• Develop early warning systems to proactively monitor credit risk exposure and emerging trends
• Use analytical techniques to mine loan characteristics/performance data to extract valuable insights for the business
• Own and drive end-to-end analytical projects aimed at identifying, quantifying, and mitigating credit risk from both internal and external factors
• Collaborate with cross-functional teams (Underwriting, Finance, Product, Data Engineering) to align analytics with business strategy
• Correlate Macro-Economic conditions with LendingClub’s internal loan performance to support recession readiness and long run planning
• Support planning and budgeting exercises within the company by leveraging forecasting assumptions and outputs
• Mentor junior team members in technical, business and credit risk concepts

About You

• 3+ years of experience in credit, analytics, risk management, data science, or information management; bachelor/master's degree with quantitative background (e.g. Statistics, Math, Engineering, Economics)
• Bachelor's degree or higher in a related field; or equivalent work experience
• Strong technical skills such as SQL, Python and cloud-based technologies like AWS
• Experience with BI/data visualization tools (like Tableau/Power BI and Excel to create dashboards)
• Excellent written and verbal communication skills including ability to communicate project scope in documentation and presentation format.
• Experience in the Financial / FinTech industry is a plus.
• Previous experience with loss forecasting and collections analytics, allowance and stress testing is a plus.

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 is 126,000-147,000. 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
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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.