What are the responsibilities and job description for the Sr Director, Commercial Credit position at LendingClub Bank?
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. We are the leading digital marketplace bank in the U.S., having helped our nearly 5 million members secure over $90 billion in loans to refinance high-cost debt and achieve their financial goals. Members today have mobile-first access to a growing range of products and services designed to work seamlessly together to deliver value in new ways. Everyone deserves a better financial future, and our team is committed to making that a reality. Join the Club!
About the Role
We are looking for a Sr Director, Commercial Credit who will lead independent credit risk management and have oversight of the Small Business Lending, Equipment Finance, Commercial & Residential Real Estate portfolios at LendingClub. This role reports into the Chief Credit Officer of the Bank.
What You'll Do
- Provide independent review & credible challenge of all credit extension proposals within the delegated credit authority structure. Ensure safe & sound lending in the Commercial business segment, within the established risk appetite and concentration limits of the Bank
- Direct the workout team responsible for determining action plans and managing recovery on all problem credits. Manage partnership with third party legal and valuation agents for specialized services
- Manage & coordinate communication with the Small Business Administration (SBA) to ensure satisfactory resolution on defaulted loans and complete approval of government guarantee
- Manage the development of preventive & detective 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
- Coordinate periodic credit review & independent loan review conducted by external auditors
- Facilitate regulatory exams
- Manage the risk rating and quantification process to generate provision and allowance for credit loss (CECL) and partner with the Finance function in the aggregation of periodic financial reporting, stress testing, statutory & regulatory disclosures
- Direct timely and accurate completion of all Credit Committee, Board and regulatory reporting from a credit risk perspective; ensure rich actionable credit insight
- Formulate and actively maintain credit policy practices and standard operating procedure manuals, ensuring consistency with bank guidelines and regulations
- Collaborate with cross-functional partners in the development of, and delivery against annual operating and strategic plans
- Provide though leadership and partner with cross-functional groups to drive new product development initiatives. Participate in industry roundtables to keep abreast of industry standards and best practices
- Manage Sr Managers & their teams in fostering a dynamic, diverse, equitable, inclusive, high performing learning culture
About You
Work Location
San Francisco, Lehi, or New York City
We are currently working a hybrid schedule and our teams are in-office Tuesdays, Wednesdays, and Thursdays.
Time Zone Requirements
Local Hours (PT, MT, ET)
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 148,000-230,000. 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.
