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:

Employer:            DFS Corporate Services LLC

Job Title:              Principal Model Validation (multiple openings)

  

Job Location:       Riverwoods, Illinois

Job Type:              Full Time 

Duties: Manages independent model validations and effective challenge of financial and account management models such as balance sheet/ALM, revenue, expense, credit loss, economic capital, regulatory capital, treasury, interest rate, acquisition scorecards, ML/AI models, AML models, and operational risk models. Interprets model validation test results, establish required action plans with model owners/developers, and provide value-added recommendations to model owners/developers. Telecommuting and/or working from home may be permissible pursuant to company policies.

Requirements: Employer will accept a Master's degree in Economics, Statistics, Finance, Business, Engineering, or related field and 4 years of experience in the job offered or in a financial services industry-related occupation.

Position required skills: Position requires two (2) years of experience in: Cloud environments AND Position requires four (4) years of experience in: Python, SAS, SQL, and R; Risk model management; and Building, testing, implementing, and validating complex and sophisticated models used in the financial services industry.

Position eligible for incentives under Employee Referral Program 

Rate of Pay: The base pay for this position generally ranges between $88,500.00 to $149,300.00. 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. We also offer a range of benefits and programs based on eligibility. Learn more at MyDiscoverBenefits.com. 

QUALIFIED APPLICANTS: Please apply directly through our website by clicking on “Apply Now.”

Application Deadline:

The application window for this position is anticipated to close on Dec-09-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.

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.