Senior Manager - Risk Appetite

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:

This position will be responsible for supporting the development and execution of DFS’s Enterprise Risk Appetite and Metrics program. Responsible for driving our objective of ensuring that Risk Appetite program is a competitive advantage and a value add to strategic/business decision making for the Company.

Responsibilities:

• Supports the DFS’s Risk Appetite Program, inclusive of Risk Appetite Framework, Risk Appetite Statement and Metrics, Policy and Procedures, risk measurement approach (risk metrics and limit calibration), and reporting.

• Helps uplift DFS’s Risk Appetite and Metrics program in accordance with current and changing standards, regulations, policies, the financial services industry environment and internal needs/demands.

• Executes enhancements to risk appetite frameworks on refining key risk metrics and establishing linkage to various limit structures, building on existing reporting for senior management and Board, and extending the linkages between risk appetite and the firm’s strategic planning, capital planning and risk identification processes.

• Assist with the maturation of the Key Risk Indicator (KRI) program to increase the efficiency and effectiveness of risk and business metrics

• Works with Risk Stripes (Credit, Operational etc.) and business control functions to communicate requirements, understand metric changes, and provide review and challenge.

• Advises other risk functions on risk measurements and metric design while ensuring they maintain appropriate governance and control over metric selection, review, and monitoring.

• Works constructively and collaboratively with others to accomplish timely resolution of requirements, findings, limit breaches and leadership objectives.

• Uses analytics to understand themes and trends across multiple risk types (market, liquidity, credit, operational, strategic, compliance risks) along with the impact of those themes and trends and facilitate the discussion of actions to address the relevant issues.

• Leads the development, maintenance, and implementation of a coherent set of DFS’s ERM policies and standards related to risk appetite and risk profile reporting.

• Forges strong partnerships with leaders throughout the company to enhance collaboration, advise and consult on risk reduction and mitigation strategies, and facilitate escalation when challenging first line decisions. Develop effective working relationships and communications with staff and ensure that staff are motivated, developed and supported.

• Responsible for our enterprise risk management frameworks and strategy and provide an independent view of aggregate risk faced by DFS. This visible role will work closely with business and risk oversight leaders (credit, market, liquidity, strategic, operational, compliance and legal risk) to drive necessary action and will communicate findings to executive management and the board of directors.

Minimum Qualifications

At a minimum, here’s what we need from you:

• Bachelors in Accounting, Finance, Economics, Business Administration and Management, Statistics, Analytics, Information Technology, or related.

• 8+ years in risk management experience in a financial environment with specific focus on enterprise risk management or related

• 4+ years non-financial risk management experience in a financial environment

Preferred Qualifications

If we had our say, we’d also look for:

• Masters in Finance, Business, or Analytics

• Experience with operational risk management as it relates to RCSA, or Scenario Analysis, or Issues Management and other elements is a plus

• An understanding of the governing regulatory and industry standards that impact Regulatory Compliance Management Programs (including for non-revenue generating areas). Compliance risk assessments experience is a plus.

Application Deadline:

The application window for this position is anticipated to close on Jun-26-2024. We encourage you to apply