Portfolio Manager (Director)

Lending Club (NYSE: LC) opened in 2007 with one simple mission: create a more efficient, transparent and customer-friendly alternative to the traditional banking system that offers creditworthy borrowers lower interest rates and investors better returns. Today, we’re the world’s largest online credit marketplace, and we’re radically changing the way lending operates. We’re proud of the recognition we’ve received, including being named a World Economic Forum Technology Pioneer, a CNBC Disruptor 50, and one of The World’s 10 Most Innovative Companies in Finance by Fast Company. We’re conveniently located in downtown San Francisco, California.

The opportunity:

  • Be responsible for all investing activities across the nearly $1B portfolios managed by LC Advisors, LLC
  • Define and build out the processes and capabilities that will enable the LC Advisors platform to scale by orders of magnitude as a direct result of your work
  • Contribute to LendingClub’s vision to transform banking by making borrowing more affordable and investing more rewarding

Key responsibilities:

  • Oversee investment activity across the LCA funds and separately managed accounts that are consistent with stated investment objectives
  • Maintain tight tracking error versus respective benchmarks and targets; help define and operationalize benchmarks and target
  • Monitor and report on transaction activity, risk exposures and concentration limits, and asset/fund performance
  • Own the end-to-end investment process: refine, streamline and document investment and portfolio management processes and controls, to increase efficiency, ensure best execution for investors, comply with legal and regulatory requirements and minimize operational risk
  • Analyze and attribute portfolio performance; interface with 3rd party valuation provider
  • Think like an investor; monitor capital markets and sector events; understand second and third order effects on the portfolios and relevant benchmarks
  • Provide investment commentary and conduct targeted analyses to support investor reports and monthly communications, and to support preparation of marketing materials
  • Partner with cross-functional teams as needed with respect to the investment process
  • Work with the product development team on the launch and construction of new products

Key competencies:

  • 110% committed; you are known for being an owner and would expect nothing less of yourself
  • Supreme attention to detail
  • You love numbers, and you pride yourself on knowing the numbers, their context, and their implications
  • Familiarity with and excitement about the LendingClub model and fixed income investing
  • Willing to learn and become an expert in legal requirements and regulations governing your work
  • Excellent written and verbal communication skills
  • Strong project management skills and ability to independently oversee your own work, adhere to your own deadlines, and effectively escalate and resolve issues and roadblocks
  • Low-ego and team-oriented
  • Domain expertise – we seek candidates who ‘know their stuff’ and can bring with them frameworks, processes, ideas and relationships from their previous work experience

Required background:

  • Analytical experience with fixed income investments at an asset manager or other financial institution
  • Strong quantitative background; you should be very well versed in Excel and should be comfortable with or willing to quickly utilize SQL, tableau and other database and data analytics tools
  • 5+ years of analytical financial services experience
  • Proven experience managing operational processes and controls in a highly regulated environment
  • Undergraduate degree in a relevant field of study
  • CFA designation preferred

Nice to have:

  • Masters degree, PhD., or MBA
  • Fixed income portfolio management experience

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