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
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Responsible for setting up the policy, procedures and standards for all aspect of managing model risk including ML, AI, GenAI risk. Partners closely with model validation team leaders as well as leaders of various model development and model usage teams to manage the enterprise model governance framework, policies and procedures. Works under minimal supervision.
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Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.
How You’ll Do It
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Maintains model risk management infrastructure including model inventory, model performance KRIs, model risk events, model risk findings and actions etc. Leads the efforts in standardization, automation, workflow management. Contribute in enhancing current process for model validation.
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Maintains status updates, and facilitate resolution/escalations of issues in a timely fashion. Creates periodic analytical and updates presentations and reports for senior management, executive management, risk committees and for regulatory exams. Supports management in developing, maintaining and monitoring model Key Risk Indicators, assesses aggregate model risk and periodically reports risk to Model Risk Committee and ensures emerging risk are addressed.
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Creates and executes project work plans and collaborate with various teams in Finance (Strategy Planning & Treasury), Credit Risk, Marketing, IT etc. for Credit Card, Consumer Lending, Network and Banking Businesses to execute the objectives of the model governance program.
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Analyzes complex quantitative models and the risks and controls around their usage. Establishes model performance thresholds and monitor model performance within acceptable thresholds.
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Interacts with the external regulators and internal auditors to demonstrate the operational soundness and effectiveness of the model governance policy.
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Interfaces with business partners in Finance, Treasury, IT, Credit Risk, Marketing for Card, Consumer Lending, Network and Banking Businesses.
Qualifications You’ll Need
The Basics:
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Bachelor’s degree in Analytics, Engineering, Statistics, Mathematics, or related field.
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4+ years of experience in Model Risk Management, Model Governance, Model Validation, Compliance or Related
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:
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Primarily remain in a stationary position.
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No required movement about the work environment to complete the major responsibilities of the job.
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Primarily performed indoors in an office setting.
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Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.
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Ability to communicate verbally.; Ability to communicate in written form.
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Travel up to 10% of the time.
Bonus Points If You Have:
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1+ years of building, testing, implementing and validating complex econometric and statistical models, or related experience.
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SAS, SQL, Tableau.
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 Nov-26-2024. 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 $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.
Benefits:
We also offer a range of benefits and programs based on eligibility. These benefits include:
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Paid Parental Leave
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Paid Time Off
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401(k) Plan
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Medical, Dental, Vision, & Health Savings Account
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STD, Life, LTD and AD&D
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Recognition Program
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Education Assistance
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Commuter Benefits
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Family Support Programs
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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
Hi***************@di******.com
. Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.
