What are the responsibilities and job description for the VP, Data Science & ML 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

LendingClub Bank's Decision Science group is seeking an experienced and qualified quantitative data science professional to fill the role of VP, ML Science & Predictive Modeling. This role will report to the SVP, Decision Science and Modeling and will be responsible for providing functional leadership for Modeling across the enterprise. The successful candidate will have broad experience working in the consumer lending industry. A primary focus for this role is to set the strategic direction across several areas within modeling across the enterprise along with enhancing the use of AI / ML models across the business. This position will also engage heavily with partners to acquire, integrate, and analyze new data sources that would be leveraged across the organization including credit strategy, marketing, operations, engineering, and risk / modeling.

What You'll Do

Set the strategic direction across several areas within modeling across the enterprise :

New statistical model / scorecard development across Fraud, Marketing, Credit and potentially other areas of the business,

Management of the existing suite of models,

Collaboration with technology on a machine learning platform deployment,

Lead the team in applying sophisticated machine learning methods to a wide variety of complex tasks, and

Overall 1st line governance for model risk management

Functional responsibilities span all LendingClub Consumer lending products- Personal Loans, Auto, Purchase Finance and Deposits

Partner with teams responsible for developing statistical models and scorecards in several areas including fraud, marketing, credit underwriting, loan pricing, collections and, response targeting

Lead a team of 6-10 experienced individuals, collaborate closely with stakeholders, and invest independent time towards learning, researching, and experimenting with new innovations in the field (i.e. AI / ML)

Ensure models are developed and validated to effectively price and issue credit across a wide spectrum of products, including 3rd party offers

Set agenda for continuous evolution of tools and innovations including new data sources across use cases for lending and deposits

Participate in industry forums to benchmark LendingClub tools, techniques, processes and strategy performance esp. to provide insight in the use of data

Collaborate with 2nd Model Risk Management team to build efficient validation and monitoring processes while also building strong relationships across 1st and 2nd line

Communicate effectively with senior leadership, the board, and regulators on all aspects pertaining to the management of the modeling / AI / ML function for LendingClub

About You

15 years of relevant business experience

10 years experience managing teams of modelers / data scientist or other analytical functions

Bachelor's or master's degree in a quantitative discipline is preferred; or equivalent work experience

Hands-on experience with predictive modeling methods (e.g., logistic regression, multivariate linear regression, decision tree, cluster analysis, etc.), familiarity with other data mining / machine learning techniques are a plus

Hands-on experience and solid understanding of machine learning and deep learning methods (GBM, Neural Net, etc...)

Extensive experience with machine learning and deep learning toolkits (e.g. : TensorFlow, PyTorch, NumPy, Scikit-Learn, Pandas)

Hands on experience working with or setting up machine learning platforms

Experience with Consumer credit portfolios and data science / decision science / risk management in Banking a plus

Understanding of Credit strategy / Fraud Strategy development experience is required; Credit acquisitions strategy is a plus

Strong knowledge of applicable regulations and industry practices

Ability to develop quantitative measurements / analysis to address multi-dimensional business needs

Ability to communicate clearly and precisely on technical and business topics across all levels of management. Experience communicating with senior executives and regulators

Ability to influence and drive change cross-functionally

Work Location

San Francisco

We are currently working a hybrid schedule and our teams are in-office Tuesdays, Wednesdays, and Thursdays.

Time Zone Requirements

Local time (PT)

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 240,000-270,000. 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.

LI-Hybrid

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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.

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