Lead Market & Liquidity Risk Specialist

Posted 9 Days Ago
Be an Early Applicant
Chicago, IL
Hybrid
78K-132K Annually
Mid level
Cloud • Fintech • Machine Learning • Analytics • Financial Services
We power a network that helps people achieve a brighter financial future.
The Role
The Lead Market & Liquidity Risk Specialist is responsible for overseeing and enhancing market and liquidity risk management processes, analyzing liquidity risk, and ensuring proper reporting. This role includes managing risks, monitoring appetite, and preparing for regulatory reviews.
Summary Generated by Built In

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 implementing, maintaining, and enhancing market and liquidity risk oversight. Reviews market and liquidity risk management processes. Monitors and provides market and liquidity risk reports to management.
  • Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.


How You'll Do It

  • Analyzes liquidity risk management processes including: liquidity stress testing, contingency funding plan, and liquidity coverage ratios.
  • Analyzes market risk management processes.
  • Verifies market and liquidity risk appetite and key risk indicator metrics.
  • Performs market and liquidity risk monitoring and reporting. Collects information for independent reviews, regulatory exams. Maintains end user computing worksheets.


Qualifications You'll Need
The Basics

  • Bachelor's in Finance or related
  • 4+ years in Financial, Treasury, Finance, Asset Liability Management/Liquidity Risk Functions, or related experience.
  • In lieu of Experience 8+ years of experience in Financial, Treasury, Finance, Asset Liability Management/Liquidity Risk functions, 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.


Bonus Points If You Have

  • 6+ years in Financial, Treasury, Finance, Asset Liability Management/Liquidity Risk Functions, or related experience preferred.
  • CFA, GARP Financial Risk Manager (FRM), or related preferred.


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 Jan-18-2025. 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
  • STD, Life, LTD and AD&D
  • 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.

Top Skills

Asset Liability Management
Finance
Liquidity Risk Functions
Treasury

What the Team is Saying

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The Company
HQ: Riverwoods, IL
18,000 Employees
Hybrid Workplace
Year Founded: 1986

What We Do

Discover is one of the most recognized brands in U.S. financial services. We’re a direct banking and payment services company built on a legacy of innovation and customer service. We support, challenge and inspire employees to continually develop their skills, advance their career and help grow our business.

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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About our Teams

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Hybrid Workspace

Employees engage in a combination of remote and on-site work.

Typical time on-site: Flexible
HQRiverwoods, IL
Houston, TX
New Albany, OH
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