Senior Risk Analyst, Lending Club
Loss Forecasting
$103-120k
+ Eligible to receive a bonus (which is based on company performance, employee performance and eligible earnings) & Equity
More information about location
3 days a week in office
Peer-to-peer lending website for personal loans
Job no longer available
Peer-to-peer lending website for personal loans
1001+ employees
Job no longer available
$103-120k
+ Eligible to receive a bonus (which is based on company performance, employee performance and eligible earnings) & Equity
More information about location
3 days a week in office
1001+ employees
Company mission
Lending Club's mission is to transform the banking system to make credit more affordable and investing more rewarding. Its technology platform enables it to deliver innovative solutions to borrowers and investors.
Role
Who you are
- The Sr Risk Analyst, Loss Forecasting will be an organized and motivated team player with a strong sense of ownership
- 2+ years of experience in credit, analytics, risk management, data science, or information management
- Bachelor's or master's degree with quantitative background (e.g. Statistics, Math, Engineering, Economics)
- Strong technical skills such as SQL, SAS, R and Python
- Experience with BI/data visualization tools (like Tableau or 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
What the job involves
- As a key member of the credit risk management team, you will be responsible for creating and tracking appropriate KPIs, developing and maintaining forecasting frameworks and processes, and serve as an active stakeholder in credit reviews
- You will develop and maintain forecasting, CECL and Stress Testing models for LendingClub’s products and will be expected to find opportunities to enhance and automate existing processes
- 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 and maintain loss and prepayment forecasting processes for every consumer product LendingClub offers
- Extend analytical support to advance LendingClub’s collections strategy and build forecasting frameworks for key collections KPI’s
- Use analytical techniques to mine loan characteristics/performance data to extract valuable insights for the business
- Use data visualization techniques to develop relevant reports for Senior Management
- Track industry environment and competitor landscape to support the business
- Correlate Macro-Economic conditions with LendingClub’s internal loan performance to support recession readiness and long run planning
- Leverage forecasting outputs in the monthly allowance process (CECL) and identify areas where qualitative adjustment is needed
- Support planning and budgeting exercises within the company by leveraging forecasting assumptions and outputs
- Work closely with key partners to ensure forecast and allowance assumptions are accurate
Our take
Lending Club offers peer-to-peer lending with benefits for both parties: the lender earns interest, whilst the borrower pays less interest than they would to a traditional bank. Through its marketplace, Lending Club is seeking to improve the financial health of its customers by helping them consolidate their debts.
Lending Club went from a small group on Facebook to a fully-fledged financial institution offering refinancing and small business products in just ten years of operation. The company now has more than 4 million members, and it was one of the first to offer online lending in an era that has seen a significant shift towards digital-first banking.
In February 2021, the company announced its acquisition of Radius Bank. Dubbed a fintech disrupter initially, some saw its move into banking as a step towards a more traditional model. A year after closing the acquisition, however, LendingClub merged the marketplace model and traditional banking, allowing for the growth and innovation of a fintech with the financial profile and resiliency of a bank.
Freddie
Company Specialist
Insights
Some candidates hear
back within 2 weeks
-8% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Apr 2014
$65m
GROWTH EQUITY VC
Nov 2013
$57m
GROWTH EQUITY VC
Total funding: $332m
Company benefits
- Untracked vacation for salaried employees, which means take it when you need it, and generous paid time off for hourly team members
- A hybrid work model that balances in-office and work from home
- Leading health and safety protocols related to COVID, including complimentary at-home testing kits from Cue Health for those coming to the office
- Up to 16 weeks paid leave for new parents, plus a fully paid, phased return-to-work policy for qualified leaves
- Mothers Rooms and hospital-grade pumps in every LC office
- Generous and varied mental health benefits
- Wellness program with cash incentives — earn up to $75 per month for being active
- Paid volunteer time and donation matching
- Onsite gym, locker room, bike room, and fitness classes (depending on location)
- Café with our own in-house barista
- Stocked pantries with healthy snacks and drinks
- Technology-forward and collaborative office spaces
Company values
- Do What's Right
- Know Your Stuff
- Evolve With Purpose
- Be Confident With Humility
- Make Impossible Happen
- Act Like An Owner
Company HQ
South Beach, San Francisco, CA
Articles
Leadership
Scott Sanborn
(CEO)Previously held leadership positions as the Chief Revenue Officer for publicly-traded eHealth Insurance, President of RedEnvelope, Inc., and SVP at the Home Shopping Network. Joined LendingClub in 2010 and has worked as Chief Marketing Officer, Chief Operations Officer, and President. Became CEO in 2016.
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