Lead Model Validation Specialist - IHM at Discover
Discover. A brighter future.
With us, you’ll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it — we want you to grow and make a difference at one of the world's leading digital banking and payments companies. We value what makes you unique so that you have an opportunity to shine.
Come build your future, while being the reason millions of people find a brighter financial future with Discover.Job Description
TITLE: Lead Model Validation Specialist
DUTIES: DFS Corporate Services LLC seeks Lead Model Validation Specialist in Riverwoods, IL to lead or perform independent model validations and effective challenge for credit, market, liquidity, and operational risk models such as ML/AI models, balance sheet, anti-money laundering, revenue, expense, credit loss, economic capital, regulatory capital, treasury, interest rate, acquisition, and macroeconomic models. Produce standardized model validation documentation, analytical reports, and presentations for senior management, executive committee members and regulators. Proactively identify emerging model risk issues impacting the Company and communicate to managers and model developers. Interpret model validation test results, establish required action plans, and provide value added recommendations to model owners/developers. Support interaction with relevant internal and external model stakeholders, including offshore resources, to demonstrate the operational soundness and effectiveness of the model validation process. Promote a risk-aware culture to ensure efficient and effective risk and compliance management practices by adhering to required standards and processes.
REQUIREMENTS: Master’s degree or foreign equivalent in Economics, Statistics, Financial Analysis, Operational Research, or a related quantitative field and two (2) years of experience in job offered or related position: developing, testing, implementing, and validating models in the financial services industry; and utilizing statistical and analytical principles, tools and techniques. Must have at least one (1) year of experience: working with QRM in Asset Liability Management (ALM); modeling complex fixed income financial instruments and derivatives; working with SAS, SQL, Python, R, and Access to identify issues and develop solutions; and working with balance sheet modeling/valuation.
QUALIFIED APPLICANTS: Please apply directly through our website by clicking on “Apply Now.” No calls. Equal Opportunity Employer/disability
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The same way we treat our employees is how we treat all applicants – with respect. Discover Financial Services is an equal opportunity employer (EEO is the law). We thrive on diversity & inclusion. You will be treated fairly throughout our recruiting process and without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status in consideration for a career at Discover.