15 days old

Vice President, Assistant Treasurer - Balance Sheet Management - P102886

Riverwoods, IL 60015
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  • Job Code
    P102886

Discover Financial Services is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in 190 countries and territories.

Discover's vision is to be the leading direct bank and payments partner and its mission is to help people spend smarter, manage debt better and save more so they achieve a brighter financial future.

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.

Description:

The VP, Assistant Treasurer - Balance Sheet Management ("AT-BSM") is responsible for managing the strategic direction of the company's $100 billion+ balance sheet and related financial risks; guiding analytical and risk management activities for strategic planning, capital planning (e.g., CCAR), liquidity risk, interest rate risk, and other balance sheet related analyses; providing strategic advice to business units and maintaining credible relationships with internal and external stakeholders, such as bank regulators. To perform this job effectively, a well-qualified candidate will possess strong analytical skills and a facility with financial modeling concepts and practice, display executive presence with strong written and verbal communication skills, enjoy collaborating with a range of business partners to develop and achieve shared objectives, and foster a productive team work environment that promotes continuous learning and development. Curiosity and adaptability are also important traits to succeed in a continuously evolving financial and regulatory environment.

The AT-BSM reports to the Corporate Treasurer and manages about half of the approximately fifty professionals employed in Corporate Treasury. The AT-BSM partners with the VP, Assistant Treasurer - Corporate Funding, who manages the company's wholesale funding execution, investment and derivatives portfolio and cash management activities, and works closely with the company's line-of-business CFOs to meet the company's financial targets while appropriately managing related capital, liquidity and interest rate risk.

Responsibilities:

  • Establish policies, frameworks, and limits and develop strategies to manage risks and maintain a strong balance sheet that positions the company for profitable and sustainable growth.
  • Lead business advisory efforts on balance sheet matters and partner with Corporate Planning to develop strategic and operating plans for the optimal deployment of capital and liquidity resources.
  • Direct capital, liquidity and interest rate risk management activities, including forecasting, stress testing, target setting, and contingency scenario planning.
  • Oversee the development of diversified and cost-effective funding plans and transfer pricing of the funding costs to provide proper incentives to the business units and a view on business unit profitability/margins.
  • Monitor regulatory developments and rating agencies' expectations on matters of capital, liquidity and market risk, proactively addressing issues and leading discussions with senior management, the board, and external stakeholders on related topics.
  • Manage, mentor, and develop employees to drive sustainable engagement and high performance.

Requirements:

  • Bachelor's degree required, preferably in finance, economics, accounting or a related field. Master's degree and/or CFA charter preferred.
  • 10+ years of relevant leadership experience in capital planning and liquidity risk and interest rate risk management.
  • Bank treasury or related risk management experience preferred, especially prior experience interacting with bank regulators and compliance personnel (second and third lines of defense).
  • Knowledge of regulations and guidelines related to capital planning, stress testing and liquidity and interest rate risk management.
  • Proven ability to lead high-profile and time-sensitive projects while partnering with business units to develop and achieve shared objectives.
  • Excellent verbal and written communication skills, especially the ability to communicate complex and technical concepts to a senior-level audience.
  • Experience with QRM, statistical computing software and/or computer programming is a plus.

#LI-KB1

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: 2019-09-04 Expires: 2019-10-04

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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Vice President, Assistant Treasurer - Balance Sheet Management - P102886

Discover
Riverwoods, IL 60015

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