Senior Business Analyst, Credit Loss Forecast

Discover Financial
Virginia
Workplace: OnsiteFull timeUSD 111,200 - 126,900 annuallyFunction: Business OperationsExperience: 2+ yearsSkills: ["Problem-solving","Conceptual thinking","Quantitative orientation","Strong judgment","Communication","Strategic influencing","Leadership","Integrity","Results orientation","Negotiation"]

As a Senior Business Analyst in Liquidity Market Capital Risk Oversight, you will review and challenge credit loss forecasts across business lines that feed quarterly allowance and annual stress testing estimates. You’ll analyze assumptions and limitations in loss frameworks, support improvements to credit loss estimation using drivers, risk models, and monitoring, and partner with Credit Risk Management, Finance, and others to communicate and document findings and resolutions.

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Discover Financial
Discover Financial
1 month ago

Senior Business Analyst, Credit Loss Forecast

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Job Summary

As a Senior Business Analyst in Liquidity Market Capital Risk Oversight, you will review and challenge credit loss forecasts across business lines that feed quarterly allowance and annual stress testing estimates. You’ll analyze assumptions and limitations in loss frameworks, support improvements to credit loss estimation using drivers, risk models, and monitoring, and partner with Credit Risk Management, Finance, and others to communicate and document findings and resolutions.
Location: Virginia
Workplace: Onsite
Employment Type: Full time
Job Function: Business Operations
Seniority: Mid level

Key Responsibilities

  • •Review and challenge credit loss forecasts for lines of business that inform quarterly allowance and annual stress testing estimates.
  • •Identify explicit and implicit assumptions, limitations, and weaknesses in credit loss estimation frameworks and raise challenges to loss projections.
  • •Support step-change improvements by connecting drivers of future consumer credit trends to historical behavior, building/using risk models, and testing hypotheses with rigorous monitoring.
  • •Develop, enhance, and implement processes to identify, communicate, and document challenges to loss estimation approaches and their resolutions.
  • •Partner with colleagues across Credit Risk Management, Finance, and other teams to drive effective oversight of loss forecasts.

Pay and Benefits

Salary: USD 111,200 - 126,900 annually
Perks:Health Insurance401k

Key Requirements

  • •At least 2 years of professional experience performing analysis.
  • •A Bachelor’s degree in a quantitative field (Business, Finance, Accounting, Statistics, Economics, Operations Research, Analytics, Mathematics, Computer Science, Computer engineering, Software engineering, Mechanical engineering, Information Systems or related) OR a Master’s degree in a quantitative field, or an MBA with quantitative concentration.
  • •Experience in statistical model building (preferred 1+ years).
  • •Experience with SQL querying (preferred 1+ years).
  • •Strong quantitative orientation and problem-solving track record using analytics, with the ability to communicate and influence effectively.
Experience:2+ yearsCredit riskMarket researchAnalyticsConsulting
Education:
Skills:Problem-solvingConceptual thinkingQuantitative orientationStrong judgmentCommunicationStrategic influencingLeadershipIntegrityResults orientationNegotiation
Tech Stack:SQLStatistical model buildingRisk modelsCredit loss estimation frameworks

Eligibility

Work Authorization:Sponsorship available.

Company Brief

Discover Financial
Provides consumer banking products, credit cards, personal loans, and payment services through the Discover brand. It operates a major U.S. financial network and serves individuals and merchants with lending and digital payment solutions.
Industry: Retail Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 10M to 25M
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Riverwoods, United States
Founded: 1985
WebsiteLinkedIn