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Credit Strategy & Pricing Manager

Lending Club

Lending Club

Multiple locations
Posted on Friday, May 3, 2024

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

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 or post issuance portfolio management & collections strategy for LendingClub’s personal loan product, auto refinance product, or purchase finance 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, account management, collections, 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 KPIs 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 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;
  • Manage and measure data quality, coverage and freshness
  • 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)
  • 4 + years of experience in some combination of credit, analytics, risk management, and data science
  • Strong technical skills such as SQL/SAS, R/Python
  • Experience with BI/data visualization tools (like Tableau or Excel to create dashboards)
  • Excellent written and verbal communication skills including ability to communicate project scope in documentation and presentation format
  • Previous experience in the Financial / FinTech industry a plus

Work Location

San Francisco or New York

Time Zone Requirements

Local hours (PT, ET)

Travel Requirements

As needed travel to San Francisco. If you need to travel for work, LendingClub will cover your travel related expenses.


The target base salary range for this position is 92,000-158,000. 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.



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].