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, and the only full-spectrum fintech marketplace bank. Members can gain access to a broad range of financial products and services through a technology-driven platform, designed to help them pay less when borrowing and earn more when saving. Since 2007, more than 4 million members have joined the Club to help reach their financial goals. We’re leading the governance of a new industry by developing ethical, responsible ways to bring greater value and better opportunities to our members. Everyone deserves a better financial future and our team is committed to making that a reality. Come join us!
About the Role
As a key member of the Enterprise Risk Management team, you will drive high-impact model risk management projects that are associated with LendingClub’s digital banking transformation. You will have frequent interaction and collaboration with cross-function partners including third-party teams and deliver the results through yourself and/or others. Success in this role requires a self-starter who has creative thinking and analytical skills and the ability to collaborate with different teams and find opportunities to make an impact on the business through analytics.

What You’ll Do

• Manage the review and validation project of internally or vendor developed statistical models across the company
• Identify sources of risk in models. Thoroughly and comprehensively review all model components and developmental evidence. Responsible for providing effective challenges to conceptual soundness of models and conducting quantitative analytics
• Challenge developers and users and elevate their findings for the overall improvement and acceptance of new models
• Present validation work through formal validation reports and presentations to model owners and sr management. Clearly and concisely document and communicate validation findings
• Assist in the overall ongoing maintenance and monitoring of all active models
• Build strong working relationships with key model stakeholders, particularly model developers and users
• Coordinate model risk management projects across third-party teams and internal model owners/users and ensure the quality of the results meet company policy and standard
• Facilitate communication between third party model validation teams and internal model owners/users and ensure third party validation compliance with company’s model risk management policy and procedure

About You

• 10+ years of experience working in the consumer and/or commercial credit industry with a quantitative background in the development, validation and use of statistical models
• 3+ years of project management experience in model risk management or risk analytics
• Have proven SAS/R/Python and SQL programming skills
• Ability to communicate clearly and precisely on technical and business topics
• Attention to detail, dedicated, and willing to take extra efforts
• Master’s degree or PhD in quantitative/predictive analytics is preferred.
• Familiar with OCC 2011-12 and other regulatory guidance on model risk management and capable of addressing questions from internal and external auditors and regulators
• Ability to manage multiple projects simultaneously to meet aggressive deadlines with high standards for quality
• Familiar with the latest technology and advanced modeling approaches (AI and ML)
• Familiar with models used in Commercial lending and Deposit is a plus
• Continuously evolve skills and expertise as the business and industry evolves

Work Location
San Francisco
We are currently working a hybrid schedule and our teams are in-office Tuesdays and Wednesdays.
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 171,000-200,000. 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 interviewaccommodations@lendingclub.com

• Manage the review and validation project of internally or vendor developed statistical models across the company
• Identify sources of risk in models. Thoroughly and comprehensively review all model components and developmental evidence. Responsible for providing effective challenges to conceptual soundness of models and conducting quantitative analytics
• Challenge developers and users and elevate their findings for the overall improvement and acceptance of new models
• Present validation work through formal validation reports and presentations to model owners and sr management. Clearly and concisely document and communicate validation findings
• Assist in the overall ongoing maintenance and monitoring of all active models
• Build strong working relationships with key model stakeholders, particularly model developers and users
• Coordinate model risk management projects across third-party teams and internal model owners/users and ensure the quality of the results meet company policy and standard
• Facilitate communication between third party model validation teams and internal model owners/users and ensure third party validation compliance with company’s model risk management policy and procedur