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:

This position within Corporate Risk Management is responsible for managing a team and having responsibility over oversight of consumer credit policy through effective planning and execution of ongoing and periodic Consumer Credit Reviews across the life cycle of consumer lending products. Primarily, the incumbent is responsible for providing an independent view on asset quality and the key consumer credit risks of the firm's consumer lending practices.

The senior manager will have strong knowledge of credit risk management processes, credit strategy development process and regulatory expectations towards safety and soundness. This individual will have skills and experience to lead 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.

Responsibilities will also include evaluating and monitoring consumer credit risk appetite, tolerance, and thresholds. Also defines the process for monitoring the performance of the consumer credit portfolio and performs reviews of credit risk strategies, while evaluating trade-offs among key business metrics, such as credit losses, receivables, and profit. This will necessitate identifying, designing, and implementing complex business analyses in support of Consumer Credit Reviews and business strategy. Develops and coaches' teams to be able to identify, manage, and escalate risk, and effectively manage risk within the teams you oversee.

Responsibilities

• Develops Consumer Credit Review plan using a risk-based approach and executes the Consumer Credit Reviews across all consumer lending products covering credit cards, personal loans, and home equity loans), including performing a risk assessment on the overall portfolio. Collaborates with credit strategy teams to mitigate any identified credit risk concerns. Reports finding through the appropriate, established governance processes.

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

• Develops, manages, and maintains reporting and oversight of consumer credit risk appetite, tolerance, and thresholds. This includes the awareness of consumer credit strategies and the implications of changes in strategy to the profitability of the enterprise.

• Develops and maintains credit-risk oversight processes, policies, and procedures in accordance with the overall Corporate Risk Management framework and system.

• Implements and maintains independent credit risk portfolio reporting across all consumer lending products.

• 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.

Minimum Qualifications

At a minimum, here’s what we need from you:

• Master's Degree in Statistics, Economics, Engineering, Finance, or related quantitative field

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

• In lieu of a degree, 15+ years of experience in credit card, or related financial services industry

Preferred Qualifications

If we had our say, we’d also look for:

• Ph.D. in Statistics, Economics, Engineering, Finance, or related quantitative field.

• 10+ years of experience in Statistics, Economics, Engineering, related quantitative field, equivalent internship, or research experience.

• 10 + years of experience in credit review, credit risk management, or internal audit credit risk coverage function at a large financial institution.

• Knowledge and use of statistical packages such as SQL, SAS, Python, or other tools to mine, extract complex consumer and transaction level data on big data and/or cloud computing platforms.

Application Deadline:

The application window for this position is anticipated to close on May-13-2024. 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 $103,000.00 to $174,200.00. 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) (https://www.dol.gov/agencies/ofccp/posters)

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 HireAccommodation@discover.com . Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.