Director, Credit Strategy & Pricing, Purchase Finance

LendingClub-posted 3 months ago
$210,000 - $245,000/Yr
Full-time • Senior
San Francisco, CA
1,001-5,000 employees
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We are looking for a Director, Credit Strategy and Pricing, Purchase Finance 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.

  • 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.
  • 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.
  • 10+ years’ experience in financial services, credit risk management, predictive analytics or strategy consulting.
  • 2+ years of experience leading and mentoring teams.
  • 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.
  • Deep domain knowledge in unsecured lending (preferably point of sale lending) or credit cards with a keen understanding of commercial value drivers.
  • Demonstrated experience across origination channels with expertise in policy development, pricing optimization and portfolio analytics.
  • Effective collaborator, negotiator and team player with a versatile interpersonal style.
  • Operator with keen attention to detail, results-orientation and strategic mindset.
  • 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.
  • Long-term awards (equity) and an annual bonus based on company performance, employee performance and eligible earnings.
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