Job Description

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 you'll do:

Responsible 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 continuous model enhancements across the enterprise.

How you'll do it:

Manages 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, ML/AI models, AML models, and operational risk models

Interprets model validation test results and establish required action plans with model owners/developers and provide value-added recommendations to model owners/developers.

Maintains current/develop new analytical reports and presentations for senior management, executive committees and regulatory exams.

Manages the work flow of a team of off-shore model validators.

Actively participates in the production, maintenance and compliance with model validation policies, standards and procedures.

Proactively identifies emerging model risk issues impacting the Company and communicates to model developers, senior management and the DFS Model Governance Committee.

Maintains standardized model validation documentation, and keeps up to date with regulations, regulatory exam requirements and regulatory guidance.

Interacts with external regulators and internal auditors to demonstrate the operational soundness and effectiveness of the model validation process

Qualifications you'll need:

Masters in Economics, Statistics, Business or Engineering

4+ years building, testing, implementing and validating complex and sophisticated models used in the financial services industry, or related experience

Bonus if you have:

Ph.D. in Economics, Statistics, Business or Engineering

6+ years building, testing, implementing and validating complex and sophisticated models used in the financial services industry, or related experience

What are you waiting for? Apply today!

The same way we treat our employees is how we treat all applicants – with respect. Discover Financial Services is an equal opportunity employer . We thrive on diversity & 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.