Principal Credit Risk Analyst

Discover Financial Services - Riverwoods, IL3.9

Full-timeEstimated: $86,000 - $120,000 a year
Responsible for developing and enhancing credit management strategies and/or loss forecasts for Home Equity Loans. Utilizes experience in Mortgage/HELOC/Home Equity Loans experiences along with customer level information and predictive models to maximize profits, while using efficient trade-offs among key business metrics such as credit losses, receivables, and profit. Drives the identification, design, and implementation of statistical and business analyses in support of business strategy and loss forecasting activities

Major Responsibilities:
Leads the development of credit strategies, underwriting procedures &/or loss forecasts while demonstrating strong thought and results leadership to drive business results.

Ensures strategies are customized to the regulatory/compliance considerations for Home Equity Product as well as amicable to the operationally intensive nature of underwriting Home Equity Loans. Strategies should also perform as intended through continuous monitoring and respond to unexpected results in an expedited manner.

Fully understands end to end processes applicable to area of work including operational,
modeling, data and infrastructure capabilities

Encourages culture of continuous improvement and test and learn mentality.

Minimum Qualifications

At a minimum, here’s what we need from you:
Master’s Degree in Mathematics, Sciences, Business, Statistics, Finance, Economics, Engineering, or related field
4+ years of experience in Analytics, Consulting, Financial Services, or related field
In lieu of a degree, 6+ years of experience in Analytics, Consulting, Financial Services, or related field
Preferred Qualifications

If we had our say, we’d also look for:
6+ years of experience in Analytics, Consulting, Financial Services, or related field

Discover Financial Services is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status, among other things, or as a qualified individual with a disability.

Work Perks:
24-Hour Nurse Hotline & Telehealth Services
7 Paid Holidays
Adoption Assistance
Annual Flu Shots
Commuter Benefits
Employee Assistance Program
Flexible Work Environment
Group Auto, Home and Pet Insurance
Healthy Eating Program
Legal Assistance Plan
Mother’s Rooms
Onsite Emotional Health Counselors
Onsite Fitness Centers
Onsite Weight Watchers at Work
Paid Parental Leave
Professional and Leadership Development Programs
Recognition Program
Service Anniversary Awards
Tuition Reimbursement

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

Financial Wellness:
401(k) Savings Plan with Fixed and Matching Contributions
Employee Stock Purchase Plan
Financial Engines
“Financial Wellness for You” Learning Programs