Sr Risk Analyst, Lending

Lending Club

San Francisco, CA, US
  • Job Type: Full-Time
  • Function: Accounting/Finance
  • Post Date: 06/01/2021
  • Website: lendingclub.com
  • 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

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

As a key member of the credit risk management team, you will be responsible for managing and crafting risk strategies along with developing and tracking appropriate metrics. You will develop and implement the underwriting and pricing strategy for Lending Club’s personal loan product. You will find opportunities to improve yield for the investors while maintaining reasonable loss rate as well as improve financial performance of LendingClub.

What You'll Do

  • Develop, implement and handle credit risk strategies that involve elements of credit underwriting, pricing, loan amount assignment and verification based on an estimation of probability of default.
  • Design A/B tests to help understand risk return tradeoffs using hypothesis testing frameworks.
  • Craft automated dashboards to track metrics around funnel conversion and strategy/portfolio performance; summarize and present findings to senior management.
  • Use analytical techniques to mine loan performance data and identify pockets of underperformance and conduct root cause analysis to help recommend risk mitigation or performance enhancement strategies.
  • Measure credit expansion opportunities to optimize risk-adjusted revenue
  • Expand existing set of data used in credit decisioning process by evaluating information; value of non-traditional data sources and by re-engineering use of existing data elements.
  • Work closely with technology teams to ensure new strategies are implemented accurately and as designed. 

About You

  • Bachelor/Master’s degree with quantitative background (e.g. Statistics, Math, Engineering, Economics).
  • 2-4 years of experience in analytics or consulting.
  • Experience with SQL, SAS, Python or other data manipulation tools is a must
  • Experience with BI/data visualization tools (like Tableau or Excel to create dashboards).
  • Strong written and verbal communication skills.
  • Self-starter who is detail-oriented and organized. 


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]

Related Jobs

Principal Software Engineer

Lending Club - RemoteSan Francisco, CA, US

Sr Java Software Engineer

Lending Club - San Francisco, CA, US

Lead Software Engineer

Lending Club - San Francisco, CA, US

Sr Accounting & Financial Reporting Manager

Lending Club - San Francisco, CA, US

Sr UI Engineer

Lending Club - San Francisco, CA, US
Disclaimer: Local Candidates Only
This company does NOT accept candidates from outside recruiting firms. Agency contacts are not welcome.