Responsible for managing the execution of validation activities for financial models, acquisition, and portfolio management scorecards, AML models, and anti-fraud tools in accordance with the governance framework, policies, and procedures and provide recommendations for continual model enhancements across the enterprise.
Performs 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, AML models, and operational risk models.
Interprets model validation test results and establishes required action plans with model owners/developers and provides value-added recommendations to model owners/developers.
Maintains current/Develops new analytical reports and presentations for senior management, executive committees, and regulatory exams.
Manages the workflow of a team of offshore model validators.
Establishes and maintains independent model validation standards and procedures.
Proactively identifies emerging model-risk issues impacting the company and communicates to model developers, senior management, and the DFS Model Governance Committee.
Maintains high-quality standardized model validation documentation and keeps up to date with regulations, regulatory exam requirements, and regulatory guidance.
Interacts with external regulators and internal auditors to demonstrate the operational soundness and effectiveness of the model validation process.
At a minimum, here’s what we need from you:
Master's Degree in Economics, Applied Economics, Statistics, Finance, Operations Research, Financial Engineering, or related quantitative field
4+ years of experience building, testing, implementing, and validating complex and sophisticated models used in the financial services industry, or related field
If we had our say, we’d also look for:
Ph.D. in Economics, Applied Economics, Statistics, Finance, Operations Research, Financial Engineering, or other quantitative fields
6+ years of experience in building, testing, implementing, and validating complex and sophisticated models used in the financial services industry, or related experience
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