Sr Director, Commercial Credit

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, Commercial Credit who will lead independent credit risk management and have oversight of the Small Business Lending, Equipment Finance, Commercial & Residential Real Estate portfolios at LendingClub. This role reports into the Chief Credit Officer of the Bank.

What You'll Do

• Provide independent review & credible challenge of all credit extension proposals 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 Bank
• Direct the workout team responsible for determining action plans and managing recovery on all problem credits. Manage partnership with third party legal and valuation agents for specialized services  
• Manage & coordinate communication with the Small Business Administration (SBA) to ensure satisfactory resolution on defaulted loans and complete approval of government guarantee
• Manage the development of preventive & detective 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
• Coordinate periodic credit review & independent loan review conducted by external auditors
• Facilitate regulatory exams
• Manage the risk rating and quantification process to generate provision and allowance for credit loss (CECL) and partner with the Finance function in the aggregation of periodic financial reporting, stress testing, statutory & regulatory disclosures
• Direct timely and accurate completion of all Credit Committee, Board and regulatory reporting from a credit risk perspective; ensure rich actionable credit insight
• Formulate and actively maintain credit policy practices and standard operating procedure manuals, ensuring consistency with bank guidelines and regulations
• Collaborate with cross-functional partners in the development of, and delivery against annual operating and strategic plans
• Provide though leadership and partner with cross-functional groups to drive new product development initiatives. Participate in industry roundtables to keep abreast of industry standards and best practices
• Manage Sr Managers & their teams in fostering a dynamic, diverse, equitable, inclusive, high performing learning culture

About You

• 12+ years of progressive management experience in financial services and credit risk management, with emphasis on Small Business & Commercial lending including underwriting, credit review, portfolio management, workout, secondary market transactions (loan sales, acquisitions and participations) and loan loss allowance
• You are a line of business (first line or second line) functional practitioner with deep domain knowledge in small business and commercial lending, sound credit judgment and a keen understanding of value drivers
• You are an effective collaborator, negotiator and team player with a versatile interpersonal style
• You operate with a keen attention to detail, results-orientation and strategic mindset
• You have proven leadership and people management experience with the ability to lead and motivate large diverse teams
• You are an effective verbal and written communication skills
• You have strong analytical and problem-solving skills
• Master’s degree in a quantitative discipline (finance, economics)

Work Location

San Francisco, Lehi, or New York City

We are currently working a hybrid schedule and our teams are in-office Tuesdays, Wednesdays, and Thursdays.

 
Time Zone Requirements

Local Hours (PT, MT, ET)

Travel Requirements

If you need to travel for wo