Lead Credit Risk Analyst at Discover

| Chicago
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Discover. A brighter future.

With Discover, you’ll have the chance to make a difference at one of the world’s leading digital banking and payments companies. From Day 1, you’ll do meaningful work you’re passionate about, with the support and resources you need for success. We value what makes each employee unique and provide a collaborative, team-based culture that gives everyone an opportunity to shine. Be the reason millions of people find a brighter financial future, while building the future you want, here at Discover.

Job Description  

At Discover, be part of a culture where diversity, teamwork and collaboration reign. Join a company that is just as employee-focused as it is on its customers and is consistently awarded for both. We’re all about people, and our employees are why Discover is a great place to work. Be the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career. 

Responsible for developing, applying, and enhancing credit risk oversight processes in support of, and under the oversight of, the overall Corporate Risk Management framework and system. Responsibilities includes, but not limited to, evaluating and monitoring of consumer credit risk appetite, tolerance and threshold, defining the process for monitoring the performance of the consumer credit portfolio, and performing reviews of credit risk strategies while using trade-offs among key business metrics such as credit losses, receivables, and profit. Identifies, designs, and implements business analyses in support of business strategies. 


  • Reviews and effectively challenges the ALL assumptions and calculations. 

  • Designs and implements comprehensive statistical analysis as part of the credit review process. 

  • Assesses and effectively challenges Risk Appetite & KRI tolerances and thresholds. 

  • Establishes effective controls in the credit oversight process. 

  • Applies and enhances credit risk oversight policies, processes, and procedures. 

  • Establishes and maintains effective portfolio tracking to monitor changes in the portfolio credit performance. 

Minimum Qualifications 

At a minimum, here’s what we need from you: 

  • Bachelor's Degree in Statistics, Economics, Engineering, Business, or other quantitative discipline 

  • 4+ years of experience as Credit Analyst, Data Analyst, or related field 

  • In lieu of a degree, 8+ years of experience as Credit Analyst, Data Analyst, or related field.

  • Effective communication and critical thinking skills.

  • Excellent problem solving skills and the ability to handle ambiguity.


    What are you waiting for? Apply today!

    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.

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    We're headquartered in the northwest suburbs of Chicago and have a downtown Chicago office known as “The 606.”

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    What are Discover Perks + Benefits

    Discover Benefits Overview

    Start enjoying great benefits Day 1 — We support you with the same dedication we bring to all of our customers. Our comprehensive benefits package features first-class insurance, financial planning support and excellent perks designed to help you reach your goals and live a rich, healthy life.

    Check out more of our amazing employee benefits at mydiscoverbenefits.com

    Volunteer in local community
    Discover’s business is built on helping people, and we invest in the community (Blessing Backpacks, Boys & Girls Clubs, Big Brothers/Sisters) to demonstrate our commitment to a brighter future.
    Partners with Nonprofits
    Friends outside of work
    Intracompany committees
    Open door policy
    Team owned deliverables
    Team based strategic planning
    Group brainstorming sessions
    Open office floor plan
    Dedicated Diversity/Inclusion Staff
    Unconscious bias training
    Diversity manifesto
    Someone's primary function is managing the company’s diversity and inclusion initiatives
    Diversity Employee Resource Groups
    Hiring Practices that Promote Diversity
    Health Insurance & Wellness Benefits
    Flexible Spending Account (FSA)
    You can open a separate Health Care FSA (HCFSA) and contribute up to $2,650 tax-free from your paycheck to reimburse yourself for eligible out-of-pocket expenses.
    Disability Insurance
    Employees receive Short-Term Disability Insurance at no cost.
    Dental Benefits
    Discover offers two dental plan options — Standard and Premier — both are administered by MetLife.
    Vision Benefits
    Discover offers two vision plan options — Standard and Premier through VSP.
    Health Insurance Benefits
    Discover offers a variety of medical plans for you and eligible family members, so that you can choose the benefit plan that suits your needs.
    Life Insurance
    As a Discover employee, you receive Basic Life Insurance of one times your HWEE (up to $500,000) at no cost to you.
    Pet Insurance
    Purchase medical coverage at a discounted rate for your beloved family pet. The more pets you insure, the greater the discount.
    Wellness Programs
    Help balance your work and personal life with a wide variety of free and discounted resource and referral services including family and relationship counseling and financial guidance.
    Onsite Gym
    Discover has fitness centers and Weight Watchers® programs at all five major locations.
    Mental Health Benefits
    Retirement & Stock Options Benefits
    You may elect to contribute 1% to 30% of your eligible base salary, commissions and bonus on a pre-tax basis, up to IRS limits every year.
    401(K) Matching
    Discover matches up to 6% of the pre-tax contributions you make to the 401(k) Plan.
    Employee Stock Purchase Plan
    The ESPP provides eligible employees with an opportunity to purchase shares of Discover common stock through payroll deductions at a 5% discount.
    Performance Bonus
    Match charitable contributions
    Child Care & Parental Leave Benefits
    Child Care Benefits
    Generous Parental Leave
    Flexible Work Schedule
    Remote Work Program
    Family Medical Leave
    Adoption Assistance
    Discover helps eligible employees and their families with the costs of adoption by reimbursing certain expenses.
    Vacation & Time Off Benefits
    Generous PTO
    Discover has a Paid Time Off of 4 to 5 Weeks of paid time per year.
    Paid Volunteer Time
    Paid Holidays
    Discover provides 7 paid holidays.
    Paid Sick Days
    Perks & Discounts
    Casual Dress
    Commuter Benefits
    When you enroll in the Commuter Benefits Program at WageWorks, you’ll save on taxes on mass-transit passes, parking and other eligible expenses.
    Company Outings
    Game Room
    Recreational Clubs
    Relocation Assistance
    Professional Development Benefits
    Job Training & Conferences
    Tuition Reimbursement
    Discover provides tuition reimbursement and a full-ride bachelor's degree program for select online degree programs.
    Diversity Program
    Lunch and learns
    Cross functional training encouraged
    Promote from within
    Mentorship program
    Continuing Education stipend
    Time allotted for learning
    Online course subscriptions available
    Paid industry certifications