Senior Manager, Quantitative Analysis - Model Risk Office

Discover Financial
United States
Full timeUSD 229,900 - 262,400 annuallyFunction: Capital Markets, Trading & QuantSkills: ["Communication","Continuous improvement","Collaboration","Ability to explain to non-technical audiences"]

Lead quantitative model risk work for Loan Loss Forecasting and the Allowance for Credit Losses (ACL) framework. Partner with model development and model risk teams to design alternative modeling approaches, apply econometric/statistical/machine learning methods, and continuously improve model efficiency, accuracy, and documentation. Translate complex technical results into clear presentations for regulators, senior management, and non-technical audiences while leveraging Python/R/SQL and modern open-source tools.

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Discover Financial
Discover Financial
1 month ago

Senior Manager, Quantitative Analysis - Model Risk Office

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Last checked: 2 hours agoStatus: Live

Job Summary

Lead quantitative model risk work for Loan Loss Forecasting and the Allowance for Credit Losses (ACL) framework. Partner with model development and model risk teams to design alternative modeling approaches, apply econometric/statistical/machine learning methods, and continuously improve model efficiency, accuracy, and documentation. Translate complex technical results into clear presentations for regulators, senior management, and non-technical audiences while leveraging Python/R/SQL and modern open-source tools.
Location: United States
Employment Type: Full time
Job Function: Capital Markets, Trading & Quant
Seniority: Sr. Manager level

Key Responsibilities

  • •Lead model risk quantitative analysis for the Loan Loss Forecasting and ACL framework.
  • •Develop and evaluate alternative model approaches to assess model design and advance future capabilities.
  • •Apply econometric, statistical, and machine learning modeling skills to identify model risks and opportunities.
  • •Ensure model efficiency and accuracy through continuous improvement and best practices, including transparent documentation.
  • •Communicate complex technical concepts and research results clearly to regulators, senior management, and non-specialist audiences.

Pay and Benefits

Salary: USD 229,900 - 262,400 annually

Key Requirements

  • •A Master’s in a quantitative field (or MBA with quantitative concentration) and 5 years of quantitative analytics experience, or a PhD in a quantitative field and 2 years of quantitative analytics experience.
  • •At least 5 years of experience in statistical or econometric modeling, including linear and logistic regression, and programming in R, Python, or SQL.
  • •Ability to present statistical concepts and research results to non-statistical audiences.
  • •At least 5 years of experience in at least 3: survival analysis, time-series analysis, panel data analysis, cross-sectional data analysis, machine learning, and analysis/management of large datasets (>1M records).
  • •Experience communicating with management/model risk/regulators and working in Agile development methodologies.
Education:
Skills:CommunicationContinuous improvementCollaborationAbility to explain to non-technical audiences
Tech Stack:PythonRSQLMachine learningCloud computingOpen sourceAgileLinear regressionLogistic regressionEconometric modelingSurvival analysisTime-series analysisPanel data analysis

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