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 Youll Do

Responsible for providing an independent and assurance view on the consumer and non-consumer credit risks of the firm’s consumer lending practices and counterparty credit activities. These responsibilities are in support and under the oversight of the overall Corporate Risk Management framework and system. Responsible for leading a team that performs independent reviews of Discover’s loan portfolios ($100Bn+) that include an evaluation of the adequacy and accuracy of lending decisions, consistent application of risk policy and credit procedures, analysis of underwriting standards and practices, and determination of an overall assessment of asset quality through ongoing monitoring. Assess whether sufficient processes and controls are in place to manage credit risk and identify problem assets leveraging portfolio management activities.


How You’ll Do It

• Set strategy and assess consumer credit risk across all loan products and counterparty credit activities, based on a risk-based approach to ensure businesses are operating within credit risk appetite, tolerance, and framework. Consistently enhance the effective challenge process utilizing both internal credit quality factors and external factors including macroeconomic conditions and industry trends for proactive risk management.
• Plan, scope and execute independent periodic credit reviews and effective challenge across all consumer (Card, Personal Loans, Home Loans) and non-consumer credit products (Financial and Payment/Merchant Acquirer Counterparties) and lending life cycle. This includes an evaluation of the adequacy and accuracy of lending decisions, consistent application of risk policy and credit procedures, analysis of underwriting and collections standards and practices, and determination of an overall assessment of asset quality and risk management practices. This covers both first line credit management and second line oversight activities and utilizes data and analytics techniques as well as knowledge of credit risk management.
• Interacts with senior executives, governance committees and regulators to provide (both orally and written) risk management reporting, analytics, and findings in a complete and concise manner.
• Assess whether sufficient governance, processes and controls are in place to manage credit risk and identify problem assets leveraging portfolio management activities.
• Provides leadership, mentoring and development to the credit review team. Collaborate and build relationships with the different program participants.
• Manages an analytics team that provides data analytics, and trends support for all review activities
• Conducts continuous monitoring of asset quality in between scheduled reviews and targeted assurance activities of credit loss estimation processes (ACL) leading to reserves and capital stress testing and capital planning (CCAR)

Qualifications You’ll Need

The Basics

• Bachelors Economics, Statistics, Analytics, Information Technology. Business Administration and Management, or related.
• 10+ years Experience in risk management including analytics, modeling and risk process frameworks at a large financial institution or similar industry experience required.

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:

• Primarily remain in a stationary position.
• Occasionally move about the work environment to complete the major responsibilities of the job.
• Ability to transport physical objects up to 10 pounds (5 kg).
• Primarily performed indoors in an office setting.
• Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.
• Ability to communicate verbally; Ability to communicate in written form
• Travel up to 25% of the time

Bonus Points If You Have

• Masters Economics
• Masters Statistics
• Masters Analytics
• Masters Information Technology
• Masters Business Administration and Management

For technical roles with Dreyfus requirements:
External applicants will be required to perform a technical interview.

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 Feb-03-2025. 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 $154,500.00 to $234,900.00. 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)

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 [email protected]. Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.

At Discover, we are committed to creating an inclusive and equitable workplace through our Fair Chance Hiring practices. Fair Chance Hiring means that we base our hiring decisions on an applicant’s qualifications rather than their criminal record.  All our positions are subject to Section 19 of the Federal Deposit Insurance Act. Our applicants go through a background check, and we follow all applicable local laws, including the Los Angelas County Fair Chance Hiring Ordinance (LA County Fair Chance).

Applicants must be 18 or older at the time of hire.