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
Responsible for executing model validation and other risk management functions in areas such as loss forecasting, strategic and capital planning, including loss forecasting models, current expected credit loss (CECL), pre-provision net revenue (PPNR), economic capital models, for both card and non-card products, and other models that affect the company's business, capital position and financial planning. Proficiency in statistical and financial software such as SAS, R, Python, SQL, VBA, QRM, etc.
Lead or perform independent model validations and effective challenge for models such as credit loss, regulatory capital, economic capital, balance sheet, revenue, expense, treasury, interest rate, 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
Minimum: Masters in Statistics or Economics
2+ years of experience with Model Development, validation in a financial services industry or related
Preferred: Ph.D. in Statistics or Economics
4+ years of experience with Model Development, validation in a financial services industry or related
In Lieu of Education:
6+ years of experience in Model Development, validation in a financial services industry or related including a bachelor degree
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.