Principal Model Governance - IHM

    • Riverwoods, IL

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Job Description
TITLE: Principal Model Governance

DUTIES: Discover Products Inc. seeks Principal Model Governance in Riverwoods, IL to maintain model risk management infrastructure, including model inventory, model performance KRis, and model risk events. Lead the efforts in standardization, automation, and workflow management. Contribute to enhancing current processes for model validation. Maintain status updates and facilitate resolution/escalations of issues in a timely fashion. Create periodic analysis and update presentations and reports for senior management, executive management, risk committees, and regulatory exams. Create and execute project work plans and collaborate with various teams in Finance (Strategy Planning & Treasury), Credit Risk, Marketing, and IT for Credit Card, Consumer Lending, Network, and Banking businesses to execute the objectives of the model governance program. Analyze complex quantitative models and the risks and controls around their usage. Establish model performance thresholds and monitor model performance within acceptable thresholds. Interact with the external regulators and internal auditors to demonstrate the operational soundness and effectiveness of the model governance policy. Interface with business partners in Finance, Treasury, IT, Credit Risk, Marketing for Card, Consumer Lending, Network, and Banking Businesses. Update and maintain model validation procedures and process flows. Help to enforce standard policies and procedures related to ranking the findings, model usage, and tracking and process controls associated with the modeling process. Promote a risk-aware culture to ensure efficient and effective risk and compliance management practices by adhering to required standards and processes.

REQUIREMENTS : Bachelor's degree or foreign equivalent in Electronic Engineering, Mathematics, Business Analytics, Statistics, or a related field and four (4) years of experience in job offered or related position: participating in consumer lending credit risk management analytics; utilizing analytical tools including statistical modeling tools and techniques; participating in data mining, statistical and predictive analyses; creating management information systems to help track loss performance and process controls; participating in the risk systems infrastructure including key processes, coverage and data flows; and utilizing tools including SAS, SQL, Teradata, Tableau and MS Office.

QUALIFIED APPLICANTS: Please apply directly through our website https://jobs.discover.com for Job ID R1859 by clicking on "Apply Now." No calls. Equal Opportunity Employer/disability/vet.

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The same way we treat our employees is how we treat all applicants - with respect. Discover Financial Services is an equal opportunity employer (EEO is the law) . We thrive on diversity & inclusion. You will be treated fairly throughout our recruiting process and without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status in consideration for a career at Discover.


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