Risk Manager, Loss Forecasting

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

The Manager, Credit Loss Forecasting will be an organized and motivated team player with a strong sense of ownership. As a key member of the credit risk management team, you will be responsible for the development, implementation and management of models and processes to forecast credit losses. You will also ensure regulatory/audit compliance, supports credit strategy decision-making, and drive process automation and efficiency across teams.

What You'll Do

• Generate credit loss forecast for consumer lending products across multiple business use cases, such as business planning, CECL allowance, marketplace return analytics, accounting fair value estimates, etc.
• Develop, maintain and manage quantitative models for loss, prepayment, cashflow projection and profitability analysis
• Build economic risk analytics to correlate macroeconomic conditions and industry trends with LendingClub’s internal loan performance
• Analyze portfolio performance and draw insights from large data using statistical/quantitative analysis to enhance forecasting accuracy and inform strategical decisions
• Ensure compliance with regulatory and audit standards, such as CECL, IFRS 9, or Basel guidelines
• Collaborate with finance, risk and business teams to ensure the forecast is aligned with broader financial and operational goals

About You

• 3+ years of experience in credit, analytics, risk management, data science, or information management
• Bachelor's degree in Statistics, Math, Data Science, Engineering, Economics, Finance or a related field; or equivalent work experience
• Proficiency in Python and SQL
• Proven ability to communicate project scope in documentation and presentation format
• Hands-on experience with credit loss models, CECL, IFRS 9 or Basel frameworks is a plus
• Experience in the Financial / FinTech industry is a plus

Work Location
San Francisco
 
We are currently working a hybrid schedule and our teams are in-office Tuesdays, Wednesdays, and Thursdays.
 
Time Zone Requirements 
Primarily PT
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 120,000-150,000. 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 level and location.
 
We’re creating new financial services solutions for our members based on fairness, simplicity, and heart, and we treat our employees the same way. We offer a competitive benefits package that includes medical, dental and vision plans for employees and their families, 401(k) match, health and wellness programs, flexible time off policies for salaried employees, up to 16 weeks paid parental leave and more.
 
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LendingClub is an equal opportunity employer and dedicated to diversity, equity, and inclusion in the workplace. We do not discriminate on the basis of race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), gender, gender identity, gender expression, sexual orientation, age, marital status, veteran status, disability status, political views or activity, or other applicable legally protected characteristics. We believe that a variety of perspectives will make our teams and business stronger as we work together to transform the traditional banking system. 

We are committed to providing reasonable accommodations for qualified individuals with disabilities in our job application process. If you need assistance or an accommodation due to a disability, please contact us at [email protected].