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, and the only full-spectrum fintech marketplace bank. Members can gain access to a broad range of financial products and services through a technology-driven platform, designed to help them pay less when borrowing and earn more when saving. Since 2007, more than 3 million members have joined the Club to help reach their financial goals. Were leading the governance of a new industry by developing ethical, responsible ways to bring greater value and better opportunities to our members. Everyone deserves a better financial future and our team is committed to making that a reality. Come join us!
About the Role
LendingClub's Consumer Credit and Decision Sciences team is looking for a Vendor Management Manager to join their team. This position will be primarily responsible for managing existing and new relationships with external data partners and vendors. This will also include cultivating relationships with LendingClub stakeholders at all levels, focused on managing regular vendor engagement activities while gaining a detailed understanding of LendingClubs business model to be fully conversant of the needs of the business.
The vendor management team plays an instrumental part in supporting analytical teams that are continuously looking for new data sources/partners and researching, analyzing, and quantifying the value of external data for LendingClub. The individual will work together with business teams across credit, fraud, decisions science, and marketing to identify, assess, and screen vendor solutions, as well as, support new project initiatives and bringing the right subject matter experts together to support ultimate production initiatives. The individual will also work closely with Finance and Procurement to work through contract execution, budget approvals, expense tracking and ongoing invoicing support.
What You'll Do
Manage existing and new relationships with external data partners and vendors
Identify, assess, and screen new vendor solutions and data assets
Support research and proof of concept (POC) efforts from a vendor management perspective including NDA and amendment execution, as well as, facilitating research and project kick off with engineering and other internal stakeholders.
Work closely with credit and technology teams to ensure new data tools and solutions strategies are implemented accurately and as designed (post successful POC).
Stay abreast with emerging industry trends and understand vendor ecosystem supporting the consumer lending space
Support price negotiations in concert with Procurement to ensure LendingClub receives the best available price and terms to meet savings goals, minimize risk and ensure compliance.
Understand key terms, support contract negotiations, establish critical metrics and define SLAs.
Assist in the risk and due diligence process to move the vendor through the various stage gates from identification to contracting.
Support ad hoc projects and work on a potentially broad range of exciting categories across credit, fraud, decision science, marketing, and technology.
Create and manage purchase requisition requests and purchase orders.
Track monthly expenses and invoices and collaborate with accounts payable and accounting to support a successful monthly close.
About You
* Bachelors Degree required
* 4+ years of experience in vendor management
* Prior banking or financial services industry experience strongly desired, including experience working with Credit Bureaus and other vendors supporting credit and fraud solutions across consumer banking
* Experience with BI/data visualization tools (like Tableau or Excel to create dashboards)
* Great communication and people skills; strong attention to details
* Good overall project manager and collaborator, able to prioritize and execute efficiently, playing a variety of roles to achieve results in a high-volume, fast-paced environment.
* Client focused with proven ability to partner effectively across all levels of an organization and influence thinking and outcomes
* Familiarity and understanding with Federal regulations impacting the Financial Services industry (FCRA, GLBA, FDCPA, TCPA, OCC, etc.)
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.
San Francisco, CA
LendingClub is a US peer-to-peer lending company, headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. LendingClub is the world's largest peer-to-peer lending platform. The company claims that $15.98 billion in loans had been originated through its platform up to December 31, 2015.
LendingClub enables borrowers to create unsecured personal loans between $1,000 and $40,000. The standard loan period is three years. Investors can search and browse the loan listings on LendingClub website and select loans that they want to invest in based on the information supplied about the borrower, amount of loan, loan grade, and loan purpose. Investors make money from interest. LendingClub makes money by charging borrowers an origination fee and investors a service fee.
LendingClub also makes traditional direct to consumer loans, including automobile refinance transactions, through WebBank, an FDIC-insured, state-chartered industrial bank that is headquartered in Salt Lake City Utah. The loans are not funded by investors but are assigned to other financial institutions.
The company raised $1 billion in what became the largest technology IPO of 2014 in the United States. Though viewed as a pioneer in the fintech industry and one of the largest such firms, LendingClub experienced problems in early 2016, with difficulties in attracting investors, a scandal over some of the firm's loans and concerns by the board over CEO Renaud Laplanche's disclosures leading to a large drop in its share price and Laplanche's resignation.