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 supporting the business with the development of and enhancements to their risk and control environment.
- Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management
How You'll Do It
- Responsible for setting up the policy, procedures and standards for all aspect of managing model risk including ML, AI, GenAI risk.
- Strong analytical skills in developing, maintaining and monitoring reports for model Key Risk Indicators, assesses aggregate model risk and periodically reports risk to senior management and various committees.
- Works under minimal supervision. Maintains status updates, and facilitate resolution/escalations of issues in a timely fashion.
- Collaborate with cross-functional teams including Non-Financial Risk AI, Operational Risk, Data Scientist, Technology, Legal and Compliance, to ensure the compliance to enterprise's Model Risk and AI/GenAI Risk framework
- Executes upon established sustainable risk assessment framework ensuring first line execution aligns. Supports the business with the development of and enhancements to their control environment.
- Monitors and validates risk and control library changes. Develops and maintains library of enterprise wide risk and control statements.
- Supports the business with developing requirements for the effective management of operational risk events.
- Implements risk program activities to ensure the enterprise carries out activities according to requirements.
- Monitors issues and action plans to ensure proper execution against relevant standards and policies.
Qualifications You'll Need
The Basics:
- Bachelors degree in Information Technology, Finance, Business Administration and Management, or Engineering.
- 2+ years of Compliance, Internal Audit, Business, Risk Management, Financial Services, Process Improvement or related experience.
- In Lieu of Education, 6+ years of Risk Management, Financial Services, Process Improvement or related experience.
Physical and Cognitive Requirements
The 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.
- No required movement about the work environment to complete the major responsibilities of the job.
- 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:
- 4+ years of Compliance, Internal Audit, Business, Risk Management, Financial Services, Process Improvement or related experience.
- In Lieu of Education, 8+ years of Risk Management, Financial Services, Process Improvement or related experience.
- Preferred educational background in quantitative or analytical field.
- Proficiency in Tableau Desktop; Tableau server experience. Strong SQL skills for data extraction, transformation and analysis
- Professional Project Management certification.
- CRISC, CISA, CISM, CISSP, or similar.
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-23-2025. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.
Compensation:
The base pay for this position generally ranges between $77,500.00 to $131,500.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.
Benefits:
We also offer a range of benefits and programs based on eligibility. These benefits include:
- Paid Parental Leave
- Paid Time Off
- 401(k) Plan
- Medical, Dental, Vision, & Health Savings Account
- Short and Long Term Disability, Life, and Accidental Death & Dismemberment insurances
- Recognition Program
- Education Assistance
- Commuter Benefits
- Family Support Programs
- Employee Stock Purchase Plan
Learn more at mydiscoverbenefits.com .
What are you waiting for? Apply today!
All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.
Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights & Pay Transparency Nondiscrimination Provision)
Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email [email protected] . Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.
At Discover, we are committed to creating an inclusive and equitable workplace through our Fair Chance Hiring practices. Fair Chance Hiring means that we base our hiring decisions on an applicant's qualifications rather than their criminal record. All our positions are subject to Section 19 of the Federal Deposit Insurance Act. Our applicants go through a background check, and we follow all applicable local laws, including the Los Angeles County Fair Chance Hiring Ordinance ( LA County Fair Chance ).
Applicants must be 18 or older at the time of hire.
