Lead Risk Management Oversight Specialist - Model Risk

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:

What You'll Do

• Responsible for supporting the business with the development of and enhancements to their risk and control environment.

• Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management

How You'll Do It

• Responsible for setting up the policy, procedures and standards for all aspect of managing model risk including ML, AI, GenAI risk. 

• Strong analytical skills in developing,  maintaining and monitoring reports for model Key Risk Indicators, assesses aggregate model risk and periodically reports risk to senior management and various committees.

• Works under minimal supervision. Maintains status updates, and facilitate resolution/escalations of issues in a timely fashion. 

• Collaborate with cross-functional teams including Non-Financial Risk AI, Operational Risk, Data Scientist, Technology, Legal and Compliance, to ensure the compliance to enterprise's Model Risk and AI/GenAI Risk framework

• Executes upon established sustainable risk assessment framework ensuring first line execution aligns. Supports the business with the development of and enhancements to their control environment.

• Monitors and validates risk and control library changes. Develops and maintains library of enterprise wide risk and control statements.

• Supports the business with developing requirements for the effective management of operational risk events.

• Implements risk program activities to ensure the enterprise carries out activities according to requirements.

• Monitors issues and action plans to ensure proper execution against relevant standards and policies.

Qualifications You'll Need
The Basics:

• Bachelors degree in Information Technology, Finance, Business Administration and Management, or Engineering.

• 2+ years of Compliance, Internal Audit, Business, Risk Management, Financial Services, Process Improvement or related experience.

• In Lieu of Education, 6+ years of Risk Management, Financial Services, Process Improvement or related experience.

Physical and Cognitive Requirements
The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable a qualified individual with disabilities to perform the essential functions of the position as required by federal, state, and local laws:

• Primarily remain in a stationary position.

• No required movement about the work environment to complete the major responsibilities of the job.

• Primarily performed indoors in an office setting.

• Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.

• Ability to communicate verbally.; Ability to communicate in written form.

• Travel up to 25% of the time.

Bonus Points If You Have:

• 4+ years of Compliance, Internal Audit, Business, Risk Management, Financial Services, Process Improvement or related experience.

• In Lieu of Education, 8+ years of Risk Management, Financial Services, Process Improvement or related experience.

• Preferred educational background in quantitative or analytical field.

• Proficiency in Tableau Desktop; Tableau server experience. Strong SQL skills for data extraction, transformation and analysis

• Professional Project Management certification.

• CRISC, CISA, CISM, CISSP, or similar.

Discover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.

Application Deadline:

The application window for this position is anticipated to close on Mar-03-2025. We encourage you to apply as soon a