Senior Associate, Quantitative Analyst - Commercial Credit Modeling Team

Discover Financial
Virginia
Workplace: OnsiteFull timeUSD 135,600 - 154,800 annuallyFunction: Capital Markets, Trading & QuantExperience: 1+ yearsEducation: mastersSkills: ["Communication","Storytelling","Self-drive","Collaboration","Model documentation"]

Build and deploy credit risk models for internal risk rating, loss forecasting, stress testing, and structured product pricing. Partner with business and analytics teams to enhance modeling frameworks and deliver actionable insights. Use Python (and optionally R) to develop accurate, efficient code, applying statistical, econometric, and machine-learning methods across large datasets. Collaborate with cloud and data infrastructure teams to support model deployment, monitoring, and governance.

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Discover Financial
Discover Financial
2 months ago

Senior Associate, Quantitative Analyst - Commercial Credit Modeling Team

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Last checked: 8 hours agoStatus: Live

Job Summary

Build and deploy credit risk models for internal risk rating, loss forecasting, stress testing, and structured product pricing. Partner with business and analytics teams to enhance modeling frameworks and deliver actionable insights. Use Python (and optionally R) to develop accurate, efficient code, applying statistical, econometric, and machine-learning methods across large datasets. Collaborate with cloud and data infrastructure teams to support model deployment, monitoring, and governance.
Location: Virginia
Workplace: Onsite
Employment Type: Full time
Job Function: Capital Markets, Trading & Quant
Seniority: Mid level

Key Responsibilities

  • •Develop credit risk models for internal risk rating, loss forecasting, stress testing, and structured product pricing.
  • •Partner with business analysts to enhance modeling and analytical frameworks and generate business insights.
  • •Identify opportunities to apply quantitative methods and automation to improve model performance and process efficiencies.
  • •Collaborate with implementation and data infrastructure teams to build cloud-based solutions for model deployment, monitoring, and maintenance.
  • •Support model governance by working effectively with challenge functions.

Pay and Benefits

Salary: USD 135,600 - 154,800 annually
Perks:Health Insurance

Key Requirements

  • •Master’s degree in a quantitative field (or MBA with quantitative concentration) with the exception that the degree may be obtained by the scheduled start date.
  • •Excellent coding skills in Python (must-have) and/or R, using industry best practices to produce accurate, efficient code.
  • •At least 1 year of experience in statistical or econometric modeling and linear and logistic regression.
  • •At least 1 year of experience programming in R, Python or SQL, and presenting statistical concepts to non-statistical audiences.
  • •At least 1 year of experience in at least 3 areas including survival analysis, time-series/panel data analysis, machine learning, and working with large datasets (>1M records).
Experience:1+ yearsFinancial servicesCommercial bankingCredit riskMachine learningEconometrics
Education:Master's
Skills:CommunicationStorytellingSelf-driveCollaborationModel documentation
Tech Stack:PythonRSQLCloud computingMachine learningStatistical modelingEconometric analysisLinear regressionLogistic regressionData analysisData visualization

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