Director Credit Review - Non- Consumer Products, Analytics and Monitoring - Discover Financial Services : Job Details

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.

What You'll DoResponsible for providing an independent and assurance view on the consumer and non-consumer credit risks of the firm's consumer lending practices and counterparty credit activities. These responsibilities are in support and under the oversight of the overall Corporate Risk Management framework and system. Responsible for leading a team that performs independent reviews of Discover's loan portfolios ($100Bn+) that include an evaluation of the adequacy and accuracy of lending decisions, consistent application of risk policy and credit procedures, analysis of underwriting standards and practices, and determination of an overall assessment of asset quality through ongoing monitoring. Assess whether sufficient processes and controls are in place to manage credit risk and identify problem assets leveraging portfolio management activities.How You'll Do It

• Set strategy and assess consumer credit risk across all loan products and counterparty credit activities, based on a risk-based approach to ensure businesses are operating within credit risk appetite, tolerance, and framework. Consistently enhance the effective challenge process utilizing both internal credit quality factors and external factors including macroeconomic conditions and industry trends for proactive risk management.
• Plan, scope and execute independent periodic credit reviews and effective challenge across all consumer (Card, Personal Loans, Home Loans) and non-consumer credit products (Financial and Payment/Merchant Acquirer Counterparties) and lending life cycle. This includes an evaluation of the adequacy and accuracy of lending decisions, consistent application of risk policy and credit procedures, analysis of underwriting and collections standards and practices, and determination of an overall assessment of asset quality and risk management practices. This covers both first line credit management and second line oversight activities and utilizes data and analytics techniques as well as knowledge of credit risk management.
• Interacts with senior executives, governance committees and regulators to provide (both orally and written) risk management reporting, analytics, and findings in a complete and concise manner.
• Assess whether sufficient governance, processes and controls are in place to manage credit risk and identify problem assets leveraging portfolio management activities.
• Provides leadership, mentoring and development to the credit review team. Collaborate and build relationships with the different program participants.
• Manages an analytics team that provides data analytics, and trends support for all review activities.
• Conducts continuous monitoring of asset quality in between scheduled reviews and targeted assurance activities of credit loss estimation processes (ACL) leading to reserves and capital stress testing and capital planning (CCAR).

Qualifications You'll NeedThe Basics

• Bachelors in Economics, Statistics, Analytics, Information Technology, Business Administration and Management, or related.
• 10+ years experience in risk management including analytics, modeling and risk process frameworks at a large financial institution or similar industry experience required.

Physical and Cognitive RequirementsThe physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable a qualified individual with disabilities to perform the essential functions of the position as required by federal, state, and local laws:

• Primarily remain in a stationary position.
• Occasionally move about the work environment to complete the major responsibilities of the job.
• Ability to transport physical objects up to 10 pounds (5 kg).
• Primarily performed indoors in an office setting.
• Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.
• Ability to communicate verbally; Ability to communicate in written form.
• Travel up to 25% of the time.

Bonus Points If You Have

• Masters in Economics
• Masters in Statistics
• Masters in Analytics
• Masters in Information Technology
• Masters in Business Administration and Management

For technical roles with Dreyfus requirements:External applicants will be required to perform a technical interview.

Discover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.

Application Deadline:

The application window for this position is anticipated to close on Feb-03-2025. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.