Job Details

Overview

Join to apply for the Model Risk Management Director role at LendingClub.

The role is part of the Enterprise Risk Management team and involves leading high-impact model risk management projects related to LendingClub's digital banking transformation. The ideal candidate is a self-starter with creative thinking, strong analytical skills, and the ability to collaborate with cross-functional teams and third-party partners to drive business impact through analytics.

What You'll Do

• Own, develop and manage working relationships with BSA/AML stakeholders. Monitor and stay current on changes in BSA/AML regulations and MRM policies
• Develop validation plans for BSA/AML models (including custom-built models and third-party models). Lead and perform model validations covering policies and procedures, data quality, conceptual soundness, assumptions/limitations, output analysis and ongoing monitoring metrics
• Identify sources of risk in models. Review all model components and developmental evidence; provide effective challenges to conceptual soundness and conduct quantitative analytics
• Challenge developers and users and elevate findings for overall improvement and acceptance of new models
• Present validation work through formal validation reports and presentations to model owners and the model oversight committee. Document and communicate validation findings clearly
• Maintain, track, and review validation findings, issues, and remediations
• Review ongoing model performance monitoring of all BSA/AML models
• Coordinate model risk management projects across third-party teams and internal model owners/users to ensure quality results meet policy and standards

About You

• 10+ years of experience in the consumer and/or commercial credit industry with a quantitative background in the development, validation and use of BSA/AML models
• 3+ years of project management experience in model risk management or risk analytics
• Experience with BSA/AML tools such as Bridger and Verafin is a plus
• Proven SAS/R/Python and SQL programming skills
• Strong communication skills to explain technical concepts to both technical and non-technical stakeholders
• Attention to detail, high motivation, and willingness to put in extra effort
• Master's degree or PhD in quantitative/predictive analytics is preferred
• Familiar with OCC 2011-12/SR 11-7 and other regulatory guidance on model risk management; able to address questions from internal and external auditors and regulators
• Ability to manage multiple projects simultaneously to meet aggressive deadlines with high quality
• Continuously evolve skills and expertise as the business and industry evolve

Work Location

San Francisco

The locations are eligible offices for this role and are designated to foster in-person collaboration with the team and related business lines. LendingClub utilizes a hybrid work model with in-person attendance on Tuesdays, Wednesdays, and Thursdays. Remote placement will not be considered for this role. LendingClub offers relocation based on actual job level.

Time Zone Requirements

Primarily PT. Local hours (PT). The candidate should be flexible to work across time zones as needed.

Travel Requirements

Monthly/quarterly as needed travel to LendingClub offices and/or other locations.

Compensation

The target base salary range for this position is 176,000-200,000. Base salary will be determined by knowledge, experience, education, skills, and location. Base salary is part of LendingClub's Total Rewards, with potential eligibility for equity and an annual bonus based on company and individual performance.

We offer a competitive benefits package including medical, dental and vision plans, 401(k) match, health and wellness programs, flexible time off for salaried employees, up to 16 weeks paid parental leave, and more.

LendingClub is an equal opportunity employer and is committed 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 legally protected characteristics. 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 ...@lendingclub.com.

Employment Details

• Seniority level: Director
• Employment type: Full-time
• Job function: Finance and Sales