Principal Consumer Credit Risk Specialist

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 Youll Do
Responsible for developing, applying and enhancing credit risk oversight processes in support of and under the oversight of the overall Corporate Risk Management framework and system. Responsibilities will include but not limited to evaluating and monitoring of consumer credit risk appetite, tolerance and thresholds; defining the process for monitoring the performance of the consumer credit portfolio and performing regular reviews of credit risk strategies and asset quality, while using trade-offs among key business metrics such as credit losses, receivables, and profit; delivering effective presentations of credit and asset quality review results, findings and recommendations to multiple levels of leaderships.
How You"ll Do It

• Leads and executes credit risk oversight activities. Responsibilities include providing thought leadership & strategic thinking in developing review scope and work plan; coordinating with business partners to get data/information; determining appropriate approach to ensure a comprehensive and accurate view in assessing credit performance and asset quality; identifying data attributes, independently coding, and interpreting the analysis results by leveraging techniques such as segmentation, and advanced analytics; reviewing the credit risk strategies for its alignment with the company's credit risk appetite and credit policy, and identifying shortfalls in credit strategies by effectively challenging the assumptions used to develop credit strategies; and delivering effective presentations of oversight results and recommendations to multiple levels of leaderships.
• On a regular basis, independently analyzes, assesses, and monitors the credit quality of Discover loan portfolios (Card, DPL, DSL, and DHL). Responsibilities include designing and enhancing monitoring metrics; generating monitoring reports and summaries; and establishing early warning indicators to identify shifting portfolio trend.
• Conducts effective challenge on credit strategies and the credit management governance framework, new initiatives, risk appetite/key risk indicator framework and thresholds, and loan classification criteria. Continuously monitors and validates risk appetite and key risk indictors.
• Performs ad hoc credit risk/asset quality analysis. Delivers effective presentation of findings and recommendations to multiple levels of leadership, creating visual displays of quantitative information.

Qualifications You'll Need
The Basics

• Masters degree in Statistics. Economics, Analytics, Mathematics, Engineering or relataed
• 4+ years Statistics, Economics, Engineering, or other quantitative discipline, or equivalent internship or research experience
• In Lieu of Mater's Degree, 6+ years Statistics, Mathematics, Economics, Engineering or any related field with relevant modeling/analytical experience, including a Bachelor's Degree

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.

Bonus Points If You Have

• Ph.D. Statistics, Economics, Analytics, Mathematics or Engineering
• 6+ years Statistics, Economics, Engineering, or other quantitative discipline, or equivalent internship or research experience

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 Mar-03-2025. 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 $91,000.00 to $153,400.00. 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 ).
Positions marked as remote eligible are limited to remote locations within the country in which the position is based.
Applicants must be 18 or older at the time of hire.