VP, Card, Analytics and Credit Strategy

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:

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What You’ll Do

• Comprehensive oversight and full functional ownership of consumer credit policy for all DFS lending products (Card, Personal Loans, Home Loans) with ~$120bn in receivable assets. Responsible for providing an independent view on key credit risks of the Firm's consumer lending practices in support of and under the oversight of the overall Corporate Risk Management framework and system. Ensures credit policies are aligned to DFS Risk Appetite, reputation and brand, meeting return and loss hurdles. End to end ownership of Credit Risk Appetite from establishing appropriate metrics and thresholds to monitoring key performance metrics. Partners with Business Stakeholders and provides subject matter expertise in the decision making of critical business components such as credit losses, receivables, and profit. Fulfils the mandate to build and strengthen the second line credit risk & oversight team by building deep subject matter expertise in junior staff, creating second line credit risk management activities, processes and frameworks which will bring the function closer in line with industry and peer group expectations. As an officer of DFS, responsible for creating a culture of effective risk management, accountability and demonstration of risk awareness across the second line credit risk & oversight function.

• Manages senior directors, senior managers and other seasoned second line credit risk management professionals to drive the effective challenge and assessment of various strategies (credit acquisitions and portfolio, pricing, collections and marketing) covering the life cycle of DFS lending products. Owns the effective challenge and assessment of loss forecasting assumptions for profit and loss levers at both the portfolio and vintage levels to inform credit underwriting, investment and loss tolerance criteria. Responsible for the assessment of the CECL material risk inventory and the effective challenge and assurance of the qualitative non model reserve overlays to the Allowance of Credit Losses (~$7B P&L item). Provides second line oversight challenge and inputs to the annual CCAR process which is one of the firms most critical Regulatory submissions.

• Manages the Credit Risk profile and Credit Risk Appetite framework for DFS products including defining the qualitative risk appetite statement, designing the quantitative risk appetite metrics and limits and monitoring and reporting the risk appetite to the risk oversight committee and Board.

• Oversees the strategic planning, scoping and execution of independent analytics, monitoring and reporting of portfolio performance to identify risk and opportunities that support Business strategy. Designs deep dive analytical studies that analyze trends and emerging risks from external (macro, regulatory) as well as internal credit performance and generates insights that can influence credit strategy changes, credit risk appetite and risk decision making. Provides assessments of inputs and capabilities to influence long term strategy development through market intelligence, industry benchmarking and competitive analysis. Prepares executive communication materials with independent assessment of portfolio health, risks and opportunities to Executive Management via the Management Risk Committee and DFS/DB Board level committee(s), as appropriate.

• Provides second line leadership in Governance credit sub-committees as a voting member governing credit decisions and performance updates. Second line stakeholder for the New Initiatives review to identify credit risk implications in accordance with the Enterprise Change Management Policy.

• This position is accountable for DFS credit exposure and credit performance, reports into the Chief Credit Officer and supports the CCO and CRO in managing the Firm's overall credit health and risk profile.

• Creates a culture of effective risk management, accountability, and demonstration of risk awareness across the organizat