Discover
Lead Model Validation Specialist
PayCompetitive
LocationRiverwoods/Illinois
Employment typeFull-Time
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Job Description
- Req#: R44606
Employer Industry: Digital Banking and Payments
Why consider this job opportunity:
- Salary up to $131,500
- Additional incentives as part of a competitive total compensation package
- Comprehensive benefits including paid parental leave, 401(k) plan, and medical, dental, and vision insurance
- Opportunities for career advancement and professional development
- A collaborative work culture that values compliance and risk management
- Chance to contribute to meaningful projects that impact millions of customers
What to Expect (Job Responsibilities):
- Execute model validation and risk management functions in areas such as loss forecasting and capital planning
- Lead independent model validations and provide effective challenges for various financial models
- Produce documentation and analytical reports for senior management and regulatory bodies
- Identify and communicate emerging model risk issues to management and model developers
- Support interactions with internal and external stakeholders to ensure operational soundness of the model validation process
What is Required (Qualifications):
- Master’s degree in Statistics, Economics, or a related field
- Minimum of 2 years of experience in model development and validation in the financial services industry
- In lieu of a Master’s degree, 6+ years of relevant experience with a Bachelor’s degree
- Ability to operate office equipment and communicate effectively both verbally and in writing
- Physical ability to remain stationary in an office environment
How to Stand Out (Preferred Qualifications):
- Ph.D. in Economics, Statistics, or a related field
- 4+ years of experience in model development and validation in the financial services industry
- Professional certifications such as FRM, CIA, or CISA
- Experience with Python programming
- Previous experience in internal audit within financial services
#DigitalBanking #ModelValidation #FinancialServices #CareerOpportunity #InclusiveWorkplace
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We are not the EOR (Employer of Record) for this position. Our role in this specific opportunity is to connect outstanding candidates with a top-tier employer."About the company
Discover is a credit card brand issued primarily in the United States.