17 days old

Senior Manager Model Validation - P108071

Riverwoods, IL 60015
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  • Job Code
    P108071

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 which 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 managing the execution of validation activities for financial models, acquisition and portfolio management scorecards, anti-money laundering models, and anti-fraud tools. Provides recommendations for model enhancements.

Responsibilities

  • Manages the workflow of a team of off-shore model validators.
  • Maintains model-validation documentation.
  • Interacts with external regulators and internal auditors to demonstrate the operational soundness and effectiveness of model validation processes.
  • Identifies emerging model risk issues impacting the company and communicates to model developers, management, and committees.
  • Maintains and develops analytical reports and presentations for leadership, committees, and regulatory examinations.
  • Performs validations and effective challenge of financial and account management models, including balance sheets, anti-money laundering, revenue, expenses, credit losses, economic capital, regulatory capital, treasury, interest rates, acquisition scorecards, and operational risk models.
  • Interprets model-validation test results and establishes required action plans.
  • Establishes and maintains model validation standards and procedures.

Minimum Qualifications

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

  • Master's Degree in Economics, Applied Economics, Statistics, Finance, Operations Research, Financial Engineering, other quantitative fields, or related field
  • 4+ years of experience in building, testing, implementing, and validating complex and sophisticated models used in the financial services industry, or related experience

Preferred Qualifications

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

  • Ph.D. in Economics, Applied Economics, Statistics, Finance, Operations Research, Financial Engineering, or related 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

#LI-DK1

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: 2019-08-06 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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Senior Manager Model Validation - P108071

Discover
Riverwoods, IL 60015

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