22 days old

Principal Model Governance - P113652_S2

Riverwoods, IL 60015
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  • Job Code
    P113652_S2

At Discover, be part of a culture where diversity, teamwork and collaboration reign. Join a company that is just as employee-focused as it is on its customers and is consistently awarded for both. We're all about people, and our employees are why Discover is a great place to work. Be the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career.

Responsible for setting up the policy, procedures, and standards for all aspect of managing model risk. Partners closely with model validation team leaders as well as leaders of various model development and model usage teams to manage the enterprise model governance framework, policies, and procedures. Works under minimal supervision.

Responsibilities
  • Maintains model risk management infrastructure, including model inventory, model performance KRIs, model risk events etc. Leads the efforts in standardization, automation, workflow management. Contributes in enhancing current process for model validation.
  • Maintains status updates and facilitates resolution/escalations of issues in a timely fashion. Creates periodic analysis and updates presentations and reports for senior management, executive management, risk committees, and regulatory exams.
  • Creates and executes project work plans and collaborates with various teams in Finance (Strategy Planning & Treasury), Credit Risk, Marketing, IT etc., for Credit Card, Consumer Lending, Network, and Banking Businesses to execute the objectives of the model governance program.
  • Analyzes complex quantitative models and the risks and controls around their usage. Establishes model performance thresholds and monitors model performance within acceptable thresholds.
  • Interacts with the external regulators and internal auditors to demonstrate the operational soundness and effectiveness of the model governance policy.
  • Interfaces with business partners in Finance, Treasury, IT, Credit Risk, Marketing for Card, Consumer Lending, Network, and Banking Businesses.
  • Updates and maintains model validation procedures and process flows.
  • Helps to enforce standard policies and procedures related to ranking the findings, model usage, and tracking and process controls associated with the modeling process.

Minimum Qualifications

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

  • Bachelor's Degree in Analytics or related field
  • 4+ years of experience in building, testing, implementing, and validating complex and sophisticated econometric and statistical models, or related field
  • 1+ years of experience as Manager
Preferred Qualifications

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

  • Master's Degree in Analytics or related field
  • 6+ years of experience in building, testing, implementing, and validating complex and sophisticated econometric and statistical models, 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.



Categories

Industry

  • Banking / Finance
Posted: 2019-08-03 Expires: 2019-09-05

Welcome to Discover
We strive to be the leading direct bank and payments services company. Our mission is to help people spend smarter, manage debt better, and save more to achieve a brighter financial future.


Why Work with Us?
You can make an impact. Whether it’s developing corporate strategy, innovating new services or supporting IT needs, every employee has the opportunity to be a vital part of our business and make a real difference in people’s lives. It’s the heart of what we do.


 

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Principal Model Governance - P113652_S2

Discover
Riverwoods, IL 60015

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