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:

This template will be added to the Career Site Job Description box for all non-volume job profiles. This will feed over to the requisition and still be editable for Recruiters. Italicized text indicates instructions to Recruiters.

• Comprehensive oversight and full functional ownership of consumer credit policy for all DFS lending products (Card, Personal Loans, Home Loans) with ~$120bn in receivable assets. Responsible for providing an independent view on key credit risks of the Firm's consumer lending practices in support of and under the oversight of the overall Corporate Risk Management framework and system. Ensures credit policies are aligned to DFS Risk Appetite, reputation and brand, meeting return and loss hurdles. End to end ownership of Credit Risk Appetite from establishing appropriate metrics and thresholds to monitoring key performance metrics. Partners with Business Stakeholders and provides subject matter expertise in the decision making of critical business components such as credit losses, receivables, and profit. Fulfils the mandate to build and strengthen the second line credit risk & oversight team by building deep subject matter expertise in junior staff, creating second line credit risk management activities, processes and frameworks which will bring the function closer in line with industry and peer group expectations. As an officer of DFS, responsible for creating a culture of effective risk management, accountability and demonstration of risk awareness across the second line credit risk & oversight function.
• Manages senior directors, senior managers and other seasoned second line credit risk management professionals to drive the effective challenge and assessment of various strategies (credit acquisitions and portfolio, pricing, collections and marketing) covering the life cycle of DFS lending products. Owns the effective challenge and assessment of loss forecasting assumptions for profit and loss levers at both the portfolio and vintage levels to inform credit underwriting, investment and loss tolerance criteria. Responsible for the assessment of the CECL material risk inventory and the effective challenge and assurance of the qualitative non model reserve overlays to the Allowance of Credit Losses (~$7B P&L item). Provides second line oversight challenge and inputs to the annual CCAR process which is one of the firms most critical Regulatory submissions.
• Manages the Credit Risk profile and Credit Risk Appetite framework for DFS products including defining the qualitative risk appetite statement, designing the quantitative risk appetite metrics and limits and monitoring and reporting the risk appetite to the risk oversight committee and Board.
• Oversees the strategic planning, scoping and execution of independent analytics, monitoring and reporting of portfolio performance to identify risk and opportunities that support Business strategy. Designs deep dive analytical studies that analyze trends and emerging risks from external (macro, regulatory) as well as internal credit performance and generates insights that can influence credit strategy changes, credit risk appetite and risk decision making. Provides assessments of inputs and capabilities to influence long term strategy development through market intelligence, industry benchmarking and competitive analysis. Prepares executive communication materials with independent assessment of portfolio health, risks and opportunities to Executive Management via the Management Risk Committee and DFS/DB Board level committee(s), as appropriate.
• Provides second line leadership in Governance credit sub-committees as a voting member governing credit decisions and performance updates. Second line stakeholder for the New Initiatives review to identify credit risk implications in accordance with the Enterprise Change Management Policy.
• This position is accountable for DFS credit exposure and credit performance, reports into the Chief Credit Officer and supports the CCO and CRO in managing the Firm's overall credit health and risk profile.
• Creates a culture of effective risk management, accountability, and demonstration of risk awareness across the organization

• Set vision, own, and oversee strategy of the Consumer Credit Risk & Oversight function in the development, management, maintenance, reporting (framework for analytics and reporting), execution of the effective challenge and oversight of credit strategies across the credit life cycle including marketing and collections. This includes the awareness of consumer credit and collections strategy and the implications of changes in strategy to the profitability of the enterprise.
• Oversee the execution of independent analytics, monitoring and BI reporting to identify, analyze trends and emerging risks from external (macro, regulatory) as well as internal credit performance and generates insights that can influence credit strategy changes, credit risk appetite and risk decision making.
• Owns the Credit Risk profile and Credit Risk Appetite framework for all DFS lending products which includes developing credit risk appetite metrics, calibrating the thresholds and limits, providing reporting to Credit committees and the Board and ensuring compliance to the established levels. Also partner with BUs to establish KRIs at the product level that are granular and act as early warning signals to the risk appetite metrics. Escalation of Risk Appetite and KRI metrics in accordance with the Risk Appetite and Key Risk Indicator Standard.
• Review and provide effective challenge to the assumptions pertaining to loss forecasting, vintage P&L forecasts, qualitative overlays for Allowance for Credit Losses (ACL) and CCAR process to ensure that identified credit risks, trends and assumptions are adequately assessed and considered
• Interacts with senior executives, governance committees and regulators (FDIC, FRB) to provide (both orally and written) risk management reporting, analytics, and findings in a complete and concise manner. This interaction includes the development and syndication of new strategies and practices required to improve risk management and operational efficiencies.
• Provides leadership, mentoring and development to credit risk oversight team while building and enhancing the team's subject matter and second line credit risk expertise. Provides advisory and effective challenge to first line credit leadership as well as marketing and collections senior leaders. Collaborate and build relationships with the different program participants.

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

• 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 10% of the time

• Masters in Economics, Statistics, Analytics, Information Technology, Business Administration and Management
• 15+ years of Consumer credit risk oversight, credit reviews, risk management, legal, including people management, fair lending, statistical testing, analytics or related