Senior Model Validation Specialist

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 conducting validation activities such as financial models, acquisition and portfolio management scorecards, anti-money laundering models, and anti-fraud tools. Provides recommendations for model enhancements.
• Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.

How You'll Do It

• Performs independent validations on statistical, financial and machine learning, models across different business areas models from areas of finance, treasury, acquisitions, marketing, fraud, loss forecast, PPNR forecast, risk and collections in different lines of businesses like credit cards, network, payments, loans and banking.
• Writes and presents model validation reports, and provide value-added recommendations to model owners and developers.
• Queries data from multiple sources and platforms (SAS, Teradata, Essbase, Excel, and others) to find the right information for the problems.
• Interprets model validation test results and establish required action plans with model owners and developers.
• Maintains and enhances the enterprise-wide model inventory. Maintain working papers and records of model validation results.
• Reads model documentation, research modeling methodology and framework, and dig deeply into data, asks the right question to learn about the modeling process and techniques, identifies model limitations and recommend future action.
• Builds benchmark models, when necessary using the best practice approach in the appropriate areas.

Qualifications You'll Need
The Basics

• Master's degree in Statistics, Economics, Engineering, Business Administration and Management, or related field.
• 2+ years of experience in Model development and/or validation in a financial services industry, or related.

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:

• Does this job require remaining in a stationary position, including but not limited to, primarily sitting and standing? Primarily remain in a stationary position.
• Does this job require the ability to move about inside or outside the work environment to complete the major responsibilities of the job? Occasionally move about the work environment to complete the major responsibilities of the job.
• Does this job require the ability to transport physical objects? If so, provide the weight of the heaviest object the job needs to transport without the aid of machinery or equipment or the weight equivalency with the aid of machinery or equipment. No.
• Primarily, where is this job performed? Primarily performed indoors in an office setting.
• Does this job require the ability to operate equipment or machinery? Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.
• Does this job require the ability to communicate verbally or in written form? Ability to communicate verbally.; ability to communicate in written form.
• Does the job require travel? No.
• Does this role require testing or assessments to measure the ability to perform the job? No.

Bonus Points If You Have

• 4+ years of experience in Model development and/or validation in a financial services industry, or related.
• FRM.
• PRM.

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 Nov-30-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.
Compensation:
The base pay for this position generally ranges between $67,000.00 to $113,000.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.
Benefits:
We also offer a range of benefits and programs based on eligibility. These benefits include:

• Paid Parental Leave
• Paid Time Off
• 401(k) Plan
• Medical, Dental, Vision, & Health Savings Account
• STD, Life, LTD and AD&D
• Recognition Program
• Education Assistance
• Commuter Benefits
• Family Support Programs
• Employee Stock Purchase Plan

Learn more at mydiscoverbenefits.com .
What are you waiting for? Apply today!
All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.
Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights & Pay Transparency Nondiscrimination Provision)
Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email [email protected] . Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.