LendingClub is looking to hire an experienced Fixed Income Valuation Manager to lead the Valuation function as a part of the Accounting/ Finance department. This is a critical role for supporting the accurate valuation of LendingClub's expanding line of fixed income products held on the Corporate balance sheet, servicing rights for fixed income products serviced for others and other valuation requirements. This is a highly quantitative role. What You'll Do. Manage/perform valuations of various... more details
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 is looking to hire an experienced Fixed Income Valuation Manager to lead the Valuation function as a part of the Accounting/Finance department. This is a critical role for supporting the accurate valuation of LendingClub's expanding line of fixed income products held on the Corporate balance sheet, servicing rights for fixed income products serviced for others and other valuation requirements. This is a highly quantitative role.
What You'll Do
- Manage/perform valuations of various types of consumer loans, securities, servicing rights, and derivatives
- Maintain and implement recurring updates to LendingClub's valuation models; maintain valuation model documentation
- Model, analyze, validate and implement enhancements to LendingClub's valuation assumptions, methodologies and practices in concert with team members and other teams
- Conduct valuation analytics within and across portfolios and identify drivers of valuation changes
- Partner with LendingClub's Risk Management team to implement high quality default and prepayment forecasts for use in valuations
- Routinely analyze and explain key changes in valuations against performance expectations.
- Identify and analyze valuation drivers in valuation sensitivity analyses
- Provide support to consultants on valuation consulting assignments, periodic validation of valuation models and periodic independent valuation benchmarking
- Support and respond to reviews of valuation models, processes and results by internal and independent auditors
- Collaborate with business partners to ensure compliance with corporate accounting policies, procedures, and controls
- Assist with reporting and analytics and complete ad-hoc projects as necessary
- Further the quantitative and fixed income expertise of the team
About You
- 8+ years of applied experience, preferably in the financial services industry, and bachelor’s degree; or equivalent work experience
- Strong quantitative skills
- Strong knowledge of principles of fixed income analytics including yield/price/return analyses, credit risk and prepayment modeling, option-adjusted spread analytics, relative value analysis and portfolio modeling
- Experience with fixed income cash flow modeling and approaches to discounting cashflows
- Experience with statistical applications, preferably in the context of credit risk modeling and/or fixed income valuation
- Understanding of the relationship between delinquencies, roll rates and borrower default probabilities
- Understanding of the drivers of borrower prepayment behavior
- Experience in using, building, reviewing, validating and/or implementing fixed income models
- Exposure to SQL and one of SAS, R or other equivalent data analytic tools
- Ability to manage a direct report and collaborate with business partners
Work Location
New York or San Francisco
We are currently working a hybrid schedule and our teams are in-office Tuesdays and Wednesdays.
Time Zone Requirements
Local hours (PT, 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 150,000-180,000. 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
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.
