Full Job Description
With Discover, you’ll have the chance to make a difference at one of the world’s leading digital banking and payments companies. From Day 1, you’ll do meaningful work you’re passionate about, with the support and resources you need for success. We value what makes each employee unique and provide a collaborative, team-based culture that gives everyone an opportunity to shine. Be the reason millions of people find a brighter financial future, while building the future you want, here at Discover.
TITLE: Principal Model Governance
DUTIES: Discover Products Inc. seeks Principal Model Governance in Riverwoods, IL to maintain model risk management infrastructure, including model inventory, model performance KRis, and model risk events. Lead the efforts in standardization, automation, and workflow management. Contribute to enhancing current processes for model validation. Maintain status updates and facilitate resolution/escalations of issues in a timely fashion. Create periodic analysis and update presentations and reports for senior management, executive management, risk committees, and regulatory exams. Create and execute project work plans and collaborate with various teams in Finance (Strategy Planning & Treasury), Credit Risk, Marketing, and IT for Credit Card, Consumer Lending, Network, and Banking businesses to execute the objectives of the model governance program. Analyze complex quantitative models and the risks and controls around their usage. Establish model performance thresholds and monitor model performance within acceptable thresholds. Interact with the external regulators and internal auditors to demonstrate the operational soundness and effectiveness of the model governance policy. Interface with business partners in Finance, Treasury, IT, Credit Risk, Marketing for Card, Consumer Lending, Network, and Banking Businesses. Update and maintain model validation procedures and process flows. Help to enforce standard policies and procedures related to ranking the findings, model usage, and tracking and process controls associated with the modeling process. Promote a risk-aware culture to ensure efficient and effective risk and compliance management practices by adhering to required standards and processes.
REQUIREMENTS: Bachelor’s degree or foreign equivalent in Electronic Engineering, Mathematics, Business Analytics, Statistics, or a related field and four (4) years of experience in job offered or related position: participating in consumer lending credit risk management analytics; utilizing analytical tools including statistical modeling tools and techniques; participating in data mining, statistical and predictive analyses; creating management information systems to help track loss performance and process controls; participating in the risk systems infrastructure including key processes, coverage and data flows; and utilizing tools including SAS, SQL, Teradata, Tableau and MS Office.
QUALIFIED APPLICANTS: Please apply directly through our website https://jobs.discover.com for Job ID R1859 by clicking on “Apply Now.” No calls. Equal Opportunity Employer/disability/vet.
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.
24-Hour Nurse Hotline & Telehealth Services
7 Paid Holidays
Annual Flu Shots
Employee Assistance Program
Flexible Work Environment
Group Auto, Home and Pet Insurance
Healthy Eating Program
Legal Assistance Plan
Onsite Emotional Health Counselors
Onsite Fitness Centers
Onsite Weight Watchers at Work
Paid Parental Leave
Professional and Leadership Development Programs
Service Anniversary Awards
Annual health Evaluation and Health Coaching
Critical Illness Insurance
Health Savings Account, Health Reimbursement Account and Flexible Spending Accounts
Health, Vision and Dental Insurance
Life and Accident Insurance
Long-term and Short-term Disability Insurance
Onsite Health Services Center with Nurse Practitioner
401(k) Savings Plan with Fixed and Matching Contributions
Employee Stock Purchase Plan
“Financial Wellness for You” Learning Programs