VP, Consumer Credit & Financial Risk Management

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 VP, Consumer Credit & Financial Risk Management to lead our Credit Risk Team. You will lead credit risk management oversight of the unsecured & secured consumer lending portfolios, in addition to independent oversight of capital stress testing, credit loss allowance, liquidity and interest rate risk management. You will report into the Chief Credit Officer of the Bank.

What You'll Do

• Provide independent review & credible challenge of all credit extension, pricing and collections strategy proposals within the consumer bank. Ensure safe & sound lending in the personal loan, point-of-sale finance and auto refinance business segments
• Provide independent review & credible challenge of liquidity, interest rate risk management and capital stress testing programs within the Bank’s Treasury function
• Manage the independent quality control function for all consumer loans underwritten on the Bank’s automated decisioning platforms
• Lead the development of preventive & detective control 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
• Coordinate credit administration across the Bank including but not limited to credit risk committee meetings and ongoing review & refresh of the Bank’s consumer credit policy, standards, risk appetite and concentration limits
• Ensure timely and accurate completion of all Credit Committee, Board and regulatory reporting from a credit risk perspective
• Provide leading-edge credit risk identification & mitigation, with forward-looking & actionable insight for management and the Board. Provide though leadership and partner with cross-functional groups to evaluate new product development initiatives. Participate in industry roundtables to keep abreast of industry standards and best practices
• Facilitate regulatory exams
• Collaborate with cross-functional partners in the development of and delivery against annual operating and strategic plans
• Manage Directors, Senior Managers & their teams in fostering a dynamic, equitable, inclusive, high performing learning culture

About You

• Line of business (first line or second line) functional practitioner with seasoned credit judgment, keen understanding of value drivers and deep domain knowledge in credit risk management
• 15+ years of progressive management experience in financial services and credit risk management, with emphasis on unsecured consumer lending 
• Rigo