1+ months

Principal Model Validation - P116098_S3

Riverwoods, IL 60015
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  • Job Code
\u003Cp\u003EAt 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. \u003Cstrong\u003EWe\u0027re all about people, and our employees are why Discover is a great place to work. \u003C/strong\u003EBe the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career.\u003C/p\u003E\u003Cp\u003EResponsible 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. \u003C/p\u003E\u003Cp\u003E\u003Cstrong\u003EResponsibilities\u003C/strong\u003E\u003C/p\u003E\u003Cul\u003E\u003Cli\u003EPerforms 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.\u003C/li\u003E\u003Cli\u003EInterprets model validation test results and establishes required action plans with model owners/developers and provides value-added recommendations to model owners/developers.\u003C/li\u003E\u003Cli\u003EMaintains current/Develops new analytical reports and presentations for senior management, executive committees, and regulatory exams.\u003C/li\u003E\u003Cli\u003EManages the workflow of a team of offshore model validators.\u003C/li\u003E\u003Cli\u003EEstablishes and maintains independent model validation standards and procedures.\u003C/li\u003E\u003Cli\u003EProactively identifies emerging model-risk issues impacting the company and communicates to model developers, senior management, and the DFS Model Governance Committee.\u003C/li\u003E\u003Cli\u003EMaintains high-quality standardized model validation documentation and keeps up to date with regulations, regulatory exam requirements, and regulatory guidance.\u003C/li\u003E\u003Cli\u003EInteracts with external regulators and internal auditors to demonstrate the operational soundness and effectiveness of the model validation process.\u003C/li\u003E\u003C/ul\u003E \u003C/p\u003E\u003Cp\u003E \u003Cp\u003E\u003Cstrong\u003EMinimum Qualifications\u003C/strong\u003E\u003C/p\u003E\u003Cp\u003E\u003Cstrong\u003EAt a minimum, here\u0027s what we need from you:\u003C/strong\u003E\u003C/p\u003E\u003Cul\u003E\u003Cli\u003EMaster\u0027s Degree in Economics, Applied Economics, Statistics, Finance, Operations Research, Financial Engineering, or related quantitative field\u003C/li\u003E\u003Cli\u003E4\u002B years of experience building, testing, implementing, and validating complex and sophisticated models used in the financial services industry, or related field\u003C/li\u003E\u003C/ul\u003E\u003Cp\u003E\u003Cstrong\u003EPreferred Qualifications\u003C/strong\u003E\u003C/p\u003E\u003Cp\u003E\u003Cstrong\u003EIf we had our say, we\u0027d also look for:\u003C/strong\u003E\u003C/p\u003E\u003Cul\u003E\u003Cli\u003EPh.D. in Economics, Applied Economics, Statistics, Finance, Operations Research, Financial Engineering, or other quantitative fields\u003C/li\u003E\u003Cli\u003E6\u002B years of experience in building, testing, implementing, and validating complex and sophisticated models used in the financial services industry, or related experience\u003C/li\u003E\u003C/ul\u003E#DK-LP1 \u003C/p\u003E\u003Cp\u003E \u003C/p\u003E \u003Cp\u003E 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 \u0026 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. \u003C/p\u003E \u003Cbr\u003E\u003Cbr\u003E



  • Banking / Finance
Posted: 2019-09-28 Expires: 2019-12-12

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Principal Model Validation - P116098_S3

Riverwoods, IL 60015

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