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Manager, Portfolio
Discover Financial Services
Riverwoods, IL, United States
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Job Description
Basic Function of Position:
As a key member of the student loans acquisitions team, this position is responsible for managing the core elements of the acquisitions processes by developing innovative credit risk strategies as part of balanced risk and revenue growth activities. This position should identify and analyze situations that create credit risk, utilize various resources (such as credit reports, score cards, risk systems) and also possess strong knowledge of the components of credit risk.
Principle Duties and Responsibilities:
-Possesses strong institutional knowledge. Knowledgeable about different markets, products, tools and associated risks that the business supports
-Analyze and interpret data using analytical tools such as SAS, SQL and Teradata to make conclusions on complex portfolio credit recommendations.
-Knowledgeable about risk systems infrastructure including key processes, coverage and data flows in order to identify risk effectively
-Identifies issues and outlines scope. Probes beyond symptoms to determine the underlying causes of problems
-Uses tools and techniques to effectively identify trends and risks. For example: Perform detailed analysis for complex credit recommendations (consumer, issuer, acquirer, and vendor) to ensure appropriate risk/reward balance, including contract analysis and negotiations
-Review problem areas and establishes effective action plans to mitigate risks specific to product/markets.
-Communicates findings of analysis to business managers
-Mentors junior analysts & coordinates workflow
• Promote a risk-aware culture that ensures efficient and effective risk and compliance management practices by adhering to Company policies, standards and processes
Skills
To qualify, you must have the following:
• Bachelors Degree
• 5 years of relevant credit risk management analytics experience in consumer lending
• 2 - 4 (+) years SAS, SQL, Teradata experience.
• Excellent communication (oral and written), interpersonal and organizational skills
• Masters degree preferred
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We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.