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Senior Credit Risk Analyst
Discover Financial Services
Riverwoods, IL, United States
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Discover. A more rewarding way to work.
At Discover Financial Services, you’ll find yourself in the company of some of the industry’s smartest and most reliable professionals. And at a company that rewards dedication, values innovation and supports growth.
Thrive in an environment that promotes teamwork and shared success. Build on a foundation of mutual respect. Join the company that understands rewarding careers like no other, with this exceptional opportunity:
Job Description:
In this role, the candidate will be responsible for developing and enhancing credit risk management strategies and/or loss forecasts. The candidate will leverage customer level information and predictive models to maximize profits, while using efficient trade-offs among key business metrics such as credit losses, receivables, and profit. This will necessitate identification, design and implementation of statistical and business analyses in support of business strategy.
The successful candidate will have strong ability to independently translate business objectives into analytical framework and solve them by using optimal trade-offs between risk and revenue metrics. He/she will work in a cross-functional environment with internal business partners such as Marketing, Operational Teams, Finance, Legal and Risk Management Functions. The position offers a challenging environment for the right candidate to develop experience and knowledge in a creative manner while also providing a unique opportunity to influence management and impact the portfolio in a significant way.
MAJOR RESPONSIBILITIES
◦ Participate in development and maintenance of credit strategies, processes, and procedures
◦ Participate in the development and maintenance of credit loss forecast
◦ Establish and maintain effective performance tracking to ensure strategies and/or forecasts are performing as expected. Apply key learnings to update strategies/loss forecasts in a timely manner
◦ Design and implement comprehensive tests and evaluate financial impact from various treatments to drive enhancements
◦ Lead design of optimization schemes, customer segmentation and predictive models to enhance decision making
◦ Lead implementation with operational teams to ensure accuracy and soundness of execution
◦ Conduct periodic reviews to ensure accurate execution
Skills:
COMPETENCIES
◦ Proven analytical and problem solving skills
◦ Strong business acumen and knowledge of industry, risk management, and business metrics preferred
◦ Solid understanding of financial analysis and statistical concepts
◦ High level of proficiency in SQL, SAS and Excel
◦ Good communication (oral and written), interpersonal, and organizational skills
◦ Self-motivated with ability to set priorities in a performance driven environment
EDUCATION
Minimum: Master’s Degree (Math, Science, Business, Statistics, Finance, Economics, Engineering, or similar quantitative degree)
WORK EXPERIENCE
Minimum: 1+ Years Experience (Analytics, Consulting, Financial Services, or related)
Preferred: 2+ Years Experience (Analytics, Consulting, Financial Services, or related)
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Discover Financial Services is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status, among other things, or as a qualified individual with a disability.