Principal Quantitative Modeler

Discover Financial
Virginia
Workplace: OnsiteFull timeUSD 161,800 - 184,600 annuallyFunction: Capital Markets, Trading & QuantExperience: 3+ yearsEducation: mastersSkills: ["Communication","Presentation","Model development","Analytical thinking","Cross-disciplinary collaboration"]

Build and deploy predictive econometric and machine learning models within the Credit Risk Management Modeling team. Partner across business lines to create analytical solutions for risk and capital needs, supporting loss forecasting, CECL/allowance, stress testing, and capital allocation. Leverage cloud-based open-source technologies, large datasets, and automation to improve portfolio resilience and decision-making, while clearly communicating technical results to diverse stakeholders.

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Discover Financial
Discover Financial
1 week ago

Principal Quantitative Modeler

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Last checked: 2 hours agoStatus: Live
Reposted: similar role first listed 1 week ago

Job Summary

Build and deploy predictive econometric and machine learning models within the Credit Risk Management Modeling team. Partner across business lines to create analytical solutions for risk and capital needs, supporting loss forecasting, CECL/allowance, stress testing, and capital allocation. Leverage cloud-based open-source technologies, large datasets, and automation to improve portfolio resilience and decision-making, while clearly communicating technical results to diverse stakeholders.
Location: Virginia
Workplace: Onsite
Employment Type: Full time
Job Function: Capital Markets, Trading & Quant
Seniority: Sr. Manager level

Key Responsibilities

  • •Partner with business lines to enhance modeling and analytical frameworks.
  • •Develop predictive models and analytics for credit and operational losses, volumes, and outstanding balances to support risk and capital decisions.
  • •Apply econometric, statistical, and machine learning methods to generate decision frameworks and insights.
  • •Collaborate in a cross-disciplinary team to build cloud-based solutions grounded in data.
  • •Own the full model lifecycle: conceptualization through exploration, selection, validation, deployment, training, and monitoring.

Pay and Benefits

Salary: USD 161,800 - 184,600 annually

Key Requirements

  • •Master’s in a quantitative field (or MBA with quantitative concentration) with 3 years of experience in quantitative analytics, or a PhD in a quantitative field.
  • •At least 3 years of experience with statistical or econometric modeling.
  • •At least 3 years of experience with linear and logistic regression.
  • •At least 3 years of experience programming in R, Python, or SQL.
  • •Ability to clearly communicate statistical concepts and research results to non-statistical audiences.
Experience:3+ yearsFinancial servicesCredit risk
Education:Master's in Quantitative field (Statistics, Economics, Operations Research, Analytics, Mathematics, Computer Science, or related)
Skills:CommunicationPresentationModel developmentAnalytical thinkingCross-disciplinary collaboration
Tech Stack:Cloud computingMachine learningOpen-source technologiesRPythonSQL

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