LendingClub is looking to lead, develop, and implement the underwriting and pricing strategy for a key unsecured Point of Sale lending (POS Lending) segment within the Consumer Banking business to generate loan issuance that delivers durable risk-adjusted returns.
Requirements
- Proficiency in SQL, Python, and Tableau, along with strong familiarity with Advanced Analytics techniques and Credit/ML Models with focus on consumer credit products
- You are a line of business (first line) functional practitioner with deep domain knowledge in unsecured lending (preferably point of sale lending) or credit cards with a keen understanding of commercial value drivers
- You have demonstrated experience across origination channels with expertise in policy development, pricing optimization and portfolio analytics
Responsibilities
- Develop and optimize credit policies, underwriting criteria, exposure management and pricing strategy in addition to segmentation, vintage loss forecasting and vintage valuations
- 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
- 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
- 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
Other
- You have 10+ years’ experience in financial services, credit risk management, predictive analytics or strategy consulting
- You are a people manager with 2+ years of experience leading and mentoring teams
- You hold a bachelor’s degree in Statistics, Finance, Economics or a related quantitative discipline; advanced degree preferred; or equivalent work experience
- You are an effective collaborator, negotiator and team player with a versatile interpersonal style
- You are an operator with keen attention to detail, results-orientation and strategic mindset
