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Risk Manager, Loss Forecasting

$145,000 - $170,000/Yr

Lending Club - San Francisco, CA

posted 2 days ago

Full-time - Mid Level
Hybrid - San Francisco, CA
Credit Intermediation and Related Activities

About the position

The Manager, Credit Loss Forecasting will be an organized and motivated team player with a strong sense of ownership. As a key member of the credit risk management team, you will be responsible for the development, implementation and management of models and processes to forecast credit losses. You will also ensure regulatory/audit compliance, support credit strategy decision-making, and drive process automation and efficiency across teams.

Responsibilities

  • Generate credit loss forecast for consumer lending products across multiple business use cases, such as business planning, CECL allowance, marketplace return analytics, accounting fair value estimates, etc.
  • Develop, maintain and manage quantitative models for loss, prepayment, cashflow projection and profitability analysis
  • Build economic risk analytics to correlate macroeconomic conditions and industry trends with LendingClub's internal loan performance
  • Analyze portfolio performance and draw insights from large data using statistical/quantitative analysis to enhance forecasting accuracy and inform strategical decisions
  • Ensure compliance with regulatory and audit standards, such as CECL, IFRS 9, or Basel guidelines
  • Collaborate with finance, risk and business teams to ensure the forecast is aligned with broader financial and operational goals

Requirements

  • 3+ years of experience in credit, analytics, risk management, data science, or information management
  • Bachelor's degree in Statistics, Math, Data Science, Engineering, Economics, Finance or a related field; or equivalent work experience
  • Proficiency in Python and SQL
  • Proven ability to communicate project scope in documentation and presentation format

Nice-to-haves

  • Hands-on experience with credit loss models, CECL, IFRS 9 or Basel frameworks is a plus
  • Experience in the Financial / FinTech industry is a plus

Benefits

  • 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
  • Bonus based on company performance, employee performance and eligible earnings
  • Equity
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