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

      "We prioritize candidate privacy and champion equal-opportunity employment. Central to our mission is our partnership with companies that share this commitment. We aim to foster a fair, transparent, and secure hiring environment for all. If you encounter any employer not adhering to these principles, please bring it to our attention immediately.
      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.