Vendor Management Manager, Credit

Lending Club

San Francisco, CA, US
  • Job Type: Full-Time
  • Function: Buying/Merchandising
  • Post Date: 04/04/2021
  • Website:
  • Company Address: 71 Stevenson Street Suite 300, San Francisco, CA, 94105

About Lending Club

LendingClub is America's largest online marketplace connecting borrowers and investors, facilitating personal loans, business loans, and financing for elective medical procedures and K-12 education and tutoring.

Job Description

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 3 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

LendingClub's Consumer Credit and Decision Science’s team is looking for a Vendor Management Manager to join their team. This position will be primarily responsible for managing existing and new relationships with external data partners and vendors. This will also include cultivating relationships with LendingClub stakeholders at all levels, focused on managing regular vendor engagement activities while gaining a detailed understanding of LendingClub’s business model to be fully conversant of the needs of the business.

The vendor management team plays an instrumental part in supporting analytical teams that are continuously looking for new data sources/partners and researching, analyzing, and quantifying the value of external data for LendingClub. The individual will work together with business teams across credit, fraud, decisions science, and marketing to identify, assess, and screen vendor solutions, as well as, support new project initiatives and bringing the right subject matter experts together to support ultimate production initiatives. The individual will also work closely with Finance and Procurement to work through contract execution, budget approvals, expense tracking and ongoing invoicing support.

What You'll Do

• Manage existing and new relationships with external data partners and vendors

• Identify, assess, and screen new vendor solutions and data assets

• Support research and proof of concept (POC) efforts from a vendor management perspective including NDA and amendment execution, as well as, facilitating research and project kick off with engineering and other internal stakeholders.

• Work closely with credit and technology teams to ensure new data tools and solutions strategies are implemented accurately and as designed (post successful POC).

• Stay abreast with emerging industry trends and understand vendor ecosystem supporting the consumer lending space

• Support price negotiations in concert with Procurement to ensure LendingClub receives the best available price and terms to meet savings goals, minimize risk and ensure compliance.

• Understand key terms, support contract negotiations, establish critical metrics and define SLA’s.

• Assist in the risk and due diligence process to move the vendor through the various stage gates from identification to contracting.

• Support ad hoc projects and work on a potentially broad range of exciting categories across credit, fraud, decision science, marketing, and technology.

• Create and manage purchase requisition requests and purchase orders.

• Track monthly expenses and invoices and collaborate with accounts payable and accounting to support a successful monthly close.

About You

  • Bachelor’s Degree required
  • 4+ years of experience in vendor management
  • Prior banking or financial services industry experience strongly desired, including experience working with Credit Bureaus and other vendors supporting credit and fraud solutions across consumer banking
  • Experience with BI/data visualization tools (like Tableau or Excel to create dashboards)
  • Great communication and people skills; strong attention to details
  • Good overall project manager and collaborator, able to prioritize and execute efficiently, playing a variety of roles to achieve results in a high-volume, fast-paced environment.
  • Client focused with proven ability to partner effectively across all levels of an organization and influence thinking and outcomes
  • Familiarity and understanding with Federal regulations impacting the Financial Services industry (FCRA, GLBA, FDCPA, TCPA, OCC, etc.)

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]

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Disclaimer: Local Candidates Only
This company does NOT accept candidates from outside recruiting firms. Agency contacts are not welcome.