BSA / AML Model Risk Management Director

About the Role

As a key member of the Enterprise Risk Management team, you will drive high-impact model risk management projects that are associated with LendingClub's digital banking transformation. You will have frequent interaction and collaboration with cross-functional partners including third-party teams and deliver the results through yourself and / or others. Success in this role requires a self-starter who has creative thinking and analytical skills and the ability to collaborate with different teams and find opportunities to make an impact on the business through analytics. In this role, you will lead model validation activities as part of the independent validation of BSA / AML models, including (but not limited to) Transaction Monitoring, Customer Risk Scoring, and OFAC / Sanctions Screening systems.

What You'll Do

Own, develop and manage working relationships with BSA / AML stakeholders. Monitor and keep abreast of changes in BSA / AML related regulations and MRM policies.

Develop validation plans for BSA / AML models including custom built models and third-party proprietary models. Lead and perform model validations including policies and procedures, data quality, conceptual soundness, assumptions / limitation, output analysis and ongoing monitoring metrics.

Identify sources of risk in models. Thoroughly and comprehensively review all model components and developmental evidence, responsible for providing effective challenges to conceptual soundness of models and conducting quantitative analytics.

Challenge developers and users and elevate their findings for the overall improvement and acceptance of new models.

Present validation work through formal validation reports and presentations to model owners and model oversight committee. Clearly and concisely document and communicate validation findings.

Maintain, track, and review of 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 and ensure the quality of the results meet company policy and standard.

About You

10+ years of experience working 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.

Have proven SAS / R / Python and SQL programming skills.

Ability to communicate clearly and precisely on technical and business topics.

Attention to detail, dedicated, and willing to take extra efforts.

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 and capable of addressing questions from internal and external auditors and regulators.

Ability to manage multiple projects simultaneously to meet aggressive deadlines with high standards for quality.

Continuously evolve skills and expertise as the business and industry evolves.

Work Location : San Francisco. We are currently working a hybrid schedule and our teams are in-office Tuesdays, Wednesdays, and Thursdays. Time Zone Requirements : Primarily PT. 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 176,000-200,000. 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 interviewaccommodations@lendingclub.com.