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:

What You’ll Do

• Responsible for defining and enhancing credit risk oversight processes in support of and under the oversight of overall corporate risk management framework and system. Responsible for managing a team that evaluates consumer credit risks and the company's lending practices. Evaluates and monitors consumer credit risk appetite, tolerance, and thresholds. Defines the process for monitoring the performance of the consumer credit portfolio and performs reviews of credit risk strategies

• Develops and coaches teams to be able to identify, manage, and escalate risk, and effectively manages risk within the teams you oversee.

How You’ll Do It

• Develops, manages, and maintains reports and oversight of consumer credit risk appetite, tolerance, and thresholds.

• Develops, implements, and maintains processes for targeted review of credit strategies. Collaborates with credit strategy teams to mitigate identified credit risk concerns. Reports finds in line with established governance processes.

• Develops and maintains credit risk oversight processes, policies, and procedures.

• Presents analytical findings and portfolio risk ranking to management.

• Implements and maintains credit risk portfolio reporting.

• Provides constructive feedback, coaching, and training to team members.

• Reports findings to leadership.

• Develops appropriate approach to ensure a comprehensive and accurate view in assessing credit quality and impact on credit performance.

Qualifications You’ll Need

The Basics

• Masters Degree in Statistics, Economics, Information Technology, Mathematics, or Engineering

• 8+ years of Statistics, Engineering, or other quantitative discipline, or equivalent internship or research experience.

• In lieu of Education, 10+ years of Mathematics, Economics, Engineering or any related field with relevant modeling/analytical experience, including a Bachelor's Degree

Physical and Cognitive Requirements

The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable a qualified individual with disabilities to perform the essential functions of the position as required by federal, state, and local laws:

• Primarily remain in a stationary position.

• No required movement about the work environment to complete the major responsibilities of the job. 

• Primarily performed indoors in an office setting.

• Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.

• Ability to communicate verbally.; Ability to communicate in written form.

• Travel up to 10% of the time.

Bonus Points If You Have

• PHD in Statistics, Economics, Information Technology, Mathematics, Engineering or related discipline preferred.

• 10+ years of Statistics, Engineering, or other quantitative discipline, or equivalent internship or research experience.

Discover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.

Application Deadline:

The application window for this position is anticipated to close on Dec-18-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.

Compensation:

The base pay for this position generally ranges between $106,000.00 to $178,800.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.

Benefits:

We also offer a range of benefits and programs based on eligibility. These benefits include:

• Paid Parental Leave

• Paid Time Off

• 401(k) Plan

• Medical, Dental, Vision, & Health Savings Account

• STD, Life, LTD and AD&D

• Recognition Program

• Education Assistance

• Commuter Benefits

• Family Support Programs

• Employee Stock Purchase Plan

Learn more at mydiscoverbenefits.com.

What are you waiting for? Apply today!

All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.

Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights & Pay Transparency Nondiscrimination Provision)

Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email [email protected]. Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.