Vice President of Consumer Credit & Financial Risk Management, Lending Club

• 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
• Rigorous analyst, adept synthesizer and very articulate written & verbal communicator
• Effective collaborator, negotiator and team player with a versatile interpersonal and influencing style
• Operator with keen attention to detail, results-orientation and strategic mindset
• Prior leadership and people management experience with the ability to lead and motivate large diverse teams
• Strong analytical and problem-solving skills
• Master’s degree in a quantitative discipline (engineering, finance, economics)

• 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
• 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

• 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

Total funding: $332m

Lending Club is a digital bank offering personal loans, auto loan refinancing, and debt consolidation to help individuals manage their finances. It provides flexible loan terms and competitive rates for a variety of needs, as well as high-yield saving and cash-back checking accounts, designed to help customers grow their money.