Sr Commercial Portfolio Manager

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 Commercial Credit Risk Manager to lead the independent credit risk management of the Equipment Finance (EF) portfolio at Lending Club, as well as oversight of credit extension in the Small Business Lending segment.

What You'll Do

• Portfolio Review: conduct periodic credit review on all credit exposures in the EF portfolio, assign risk ratings & coordinate independent loan review by external auditors
• Workouts: directly responsible for determining action plans, customer contact and managing recovery on all EF problem credits. Manage partnership with third party legal and valuation agents for specialized services
• Ensure monitoring is in place, including processes for management of credit and operational risk in accordance with Company and regulatory standards. Support regulatory exams
• Partner with the loss forecasting team to provide quantitative & qualitative input to the process for allowance for credit loss (CECL)
• Collaborate with the team for 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
• Provide independent review & credible challenge of credit extension proposals in the Small Business Lending segment 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
• Collaborate with cross-functional partners in the development of, and delivery against annual operating and strategic plans

About You

• 6+ years of progressive experience in financial services and credit risk management, with emphasis on Small Business & Commercial lending including underwriting, credit review, portfolio management, workouts and loan loss allowance
• Line of business (first line or second line) functional practitioner with domain knowledge in small business or commercial lending, sound credit judgment, keen understanding of financial statements and hands-on experience with workout of criticized assets
• Proficient with Small Business Administration (SBA) lending programs and standard operating procedures
• Effective collaborator, negotiator and team player with a versatile interpersonal style
• Operator with keen attention to detail, results-orientation and strategic mindset
• Effective verbal and written communication skills
• Strong analytical and problem-solving skills
• Bachelor's or master's degree in a quantitative discipline (finance, economics); or equivalent work experience

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 work, LendingClub will cover your travel related expenses.
 
Compensation
The target base salary range for this position is 102,000-160,000. 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