Director Scenario Analysis and Operational Risk Event Management

About This Role

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:

Responsible for leading the enterprise Scenario Analysis and Operational Risk Event Management programs. Oversee the scenario analysis program including forward planning, quantification, facilitation, and monitoring of operational risk scenarios, stress testing, and the scenario library as part of capital planning initiatives. Oversee the operational risk event management framework and data collection, including detailed reviews of significant events to ensure appropriate remediation plans are implemented, and to identify trends for potential emerging risk. Partner across other areas of Corporate Risk Management to ensure a holistic approach to second line of defense risk management. Creates a culture of effective risk management, accountability, and demonstration of risk awareness across the organization.

Responsibilities:

• Design and oversee the management of the operational risk events, including detailed analysis of significant events and management of a scenario library to ensure appropriate remediation plans are implemented to mitigate control weaknesses.

• Enhance, implement, and contribute to the successful execution of enterprise-wide initiatives to build out scenario analysis and stress testing capabilities for operational risk that drive accountability and effectiveness for scenario analysis across use cases including stress tests and capital planning.

• Monitor operational risk event metrics, trends, industry practices, and regulatory expectations to provide analysis on loss data, and detect significant and/or emerging risks.

• Ensure program requirements, methodologies, policies, processes, reporting and aggregation tools are in line with regulatory expectations and industry standards.

• Partner with Enterprise Risk Management, business Risk, and other risk leadership to ensure consistency in approach and effective improvement cycles of the risk management standards and methodologies, to ensure a fulsome approach is deployed across the enterprise.

Minimum Qualifications

• Bachelors in Business Administration and Management, or Finance

• 10+ years risk management experience in a financial environment with specific focus on risk management or internal audit or related.

• In lieu of education, 12+ years risk management experience in a financial environment with specific focus on risk management or internal audit or related.

Preferred Qualifications

• Masters in Business Administration and Management, or Finance

• 10+ years scenario analysis development and scenario expansion modeling experience or knowledge of risk modeling within a financial services setting.

• 4+ years people management experience.

#LI-TG1

Application Deadline:

The application window for this position is anticipated to close on Apr-29-2024. 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 $150,500.00 to $228,900.00. 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 HireAccommodation@discover.com. Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.