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

• This position is within the Credit Review team under Corporate Risk Management. Credit Review team is responsible for providing assurance to the Board of Directors of credit quality and adequacy of credit risk management processes through effective planning and execution of risk-based consumer credit reviews across the life cycle of consumer lending products (credit card, personal loans and home equity loans) and non-consumer credit reviews on financial and non-financial counterparties with credit risks. Primarily, the incumbent is responsible for providing an independent assurance view on asset quality and risk management processes of both 1st and 2nd line of defense to ensure the safety and soundness of risk management processes. The senior manager will have strong knowledge of credit strategy development and credit risk management process, loss estimation process for allowance and capital planning stress testing, and regulatory expectations towards safety and soundness. This individual will have skills and experience to lead Consumer and non-Consumer Credit Reviews, provide oversight on review activities and deliver the review results including identification of issues and overseeing the reporting of the review results to relevant stakeholders and credit governance committees.

• 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 Credit Review plan using a risk-based approach and executes the Credit Reviews across all consumer lending products covering credit cards, personal loans, and home equity loans, and non-lending activities including financial and non-financial counterparty. Provides assurance on credit quality and credit risk management’s adherence with the credit policies and governing documents and safety and soundness regulatory guidance through conducting review activities.

• Collaborates with credit management teams to mitigate any identified credit risk concerns. Reports findings through the appropriate, established governance processes.

• Interacts with business partners, senior management, governance committees, and regulators to present (both orally and written) Credit Review assessment results and findings in a clear, complete, and concise manner.

• Implements and maintains continuous monitoring of credit policy changes, credit decision changes and credit quality of the portfolio.

• Participates in department, CRM, and enterprise-management processes and practices to attract and develop talent. Provides constructive feedback, coaching, training, etc., to team members on a routine basis in order to effectively manage and mentor team members.

 

Qualifications You’ll Need
The Basics

• Masters in Statistics, Economics, Information Technology, Mathematics, Engineering, Finance or related.

• 5+ years of Credit review or credit risk management experience at large financial institutions or internal audit credit risk coverage function.

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

• 3+ years of Knowledge of data analysis and analytical tools to support the Credit Reviews.

• In Lieu of Education, 12+ years of experience in credit card, or related financial services industry.

 

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.

• Occasionally move about the work environment to complete the major responsibilities of the job.

• Ability to transport physical objects up to 10 pounds (5 kg).

• Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator Primarily performed indoors in an office setting.

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

• Travel up to 10% of the time.

Bonus Points If You Have

• Ph.D in Statistics, Economics, Engineering, Finance.

• 10+ years of Credit review or credit risk management experience at large financial institutions or internal audit credit risk coverage function.

• 10+ years of Statistics, Economics, Engineering, or related quantitative field, 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.

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Application Deadline:

The application window for this position is anticipated to close on Dec-24-2024. 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.