Director, Credit Strategy & Pricing - Home Improvement

LendingClub•San Francisco, CA

16d•Hybrid

About The Position

We are looking for a Director, Credit Strategy and Pricing - Home Improvement to lead, develop and implement the underwriting and pricing strategy for key unsecured Point of Sale lending (POS Lending) segment within the Consumer Banking business at Lending Club.

Requirements

You have 10+ years’ experience in financial services, credit risk management, predictive analytics or strategy consulting
You are a people manager with 2+ years of experience leading and mentoring teams
You hold a bachelor’s degree in Statistics, Finance, Economics or a related quantitative discipline; advanced degree preferred; or equivalent work experience
Proficiency in SQL, Python, and Tableau, along with strong familiarity with Advanced Analytics techniques and Credit/ML Models with focus on consumer credit products
You are a line of business (first line) functional practitioner with deep domain knowledge in unsecured lending (preferably point of sale lending) or credit cards with a keen understanding of commercial value drivers
You have demonstrated experience across origination channels with expertise in policy development, pricing optimization and portfolio analytics
You are an effective collaborator, negotiator and team player with a versatile interpersonal style
You are an operator with keen attention to detail, results-orientation and strategic mindset

Responsibilities

Lead credit risk management & pricing strategy for a key unsecured lending personal loan segment within the Consumer Banking business at Lending Club
Develop and optimize credit policies, underwriting criteria, exposure management and pricing strategy in addition to segmentation, vintage loss forecasting and vintage valuations
Collaborate with cross-functional partners in the development of, and delivery against annual operating and strategic plans
Generate loan issuance that delivers durable risk-adjusted returns for both marketplace investors and LC Bank held-for-investment assets.
Deliver loan issuance volume consistent with the business plan and credit profile within risk appetite
Lead the ideation and development of leading-edge predictive models, grading systems, segmentation, predictive analytic methodologies and experimentation to compete along a dynamic and optimal risk-return frontier
Have a passion for finding data-driven insights to identify optimization and continuous learning opportunities within credit performance and pricing
Ensure agile implementation of credit strategy changes with rigorous production testing and robust preventive & detective controls.
Formulate and actively maintain credit policy practices and standard operating procedure manuals, ensuring consistency with bank guidelines and regulations
Provide thought leadership and partner with cross-functional groups (Product, Business, Engineering and Data Science) to drive white space innovation & new product development initiatives
Manage the development of monitoring 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
Direct timely and accurate completion of all Credit Committee, Board and regulatory reporting from a credit risk perspective
Manage a high-performing team of managers and analysts in fostering a dynamic, inclusive, learning culture