Manager, Data Science - Model Risk Office

Discover Financial
United States
Workplace: OnsiteFull timeUSD 179,400 - 225,100 annuallyFunction: Data Science & Machine LearningExperience: 4+ yearsEducation: bachelorsSkills: ["Communication","Stakeholder management","Continuous improvement","Documentation","Model risk thinking"]

Lead independent model validation for payment network models across fraud, AML, counterparty risk, and financial models within the Model Risk Office. Evaluate rule-based, statistical, and machine-learning approaches (including clustering, classification, time series, and deep learning), staying current with advanced analytics and open-source tooling. Partner with business stakeholders, translate technical results for non-technical audiences and senior leadership, and maintain accurate, transparent validation documentation aligned to internal standards and regulatory guidance.

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FursaFursa
Discover Financial
Discover Financial
1 month ago

Manager, Data Science - Model Risk Office

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Last checked: 2 hours agoStatus: Live

Job Summary

Lead independent model validation for payment network models across fraud, AML, counterparty risk, and financial models within the Model Risk Office. Evaluate rule-based, statistical, and machine-learning approaches (including clustering, classification, time series, and deep learning), staying current with advanced analytics and open-source tooling. Partner with business stakeholders, translate technical results for non-technical audiences and senior leadership, and maintain accurate, transparent validation documentation aligned to internal standards and regulatory guidance.
Location: United States
Workplace: Onsite
Employment Type: Full time
Job Function: Data Science & Machine Learning
Seniority: Manager level

Key Responsibilities

  • •Perform independent model validations for payment network models (fraud, AML, counterparty, and financial models) in accordance with regulatory guidance and internal model risk standards.
  • •Validate fraud and AML modeling approaches spanning rule-based systems, statistical models, and machine learning models.
  • •Understand business processes and portfolios where models are used and apply technical modeling knowledge to assess model risks and opportunities.
  • •Communicate complex technical concepts and research results clearly to diverse stakeholders, including senior management.
  • •Maintain efficient, accurate, and transparent model documentation and improve models using best practices and open-source tools.

Pay and Benefits

Salary: USD 179,400 - 225,100 annually

Key Requirements

  • •Currently has, or is in the process of obtaining, a quantitative Bachelor’s (plus 6 years), Master’s (plus 4 years), or PhD (plus 1 year) degree in a related field, with data analytics experience.
  • •At least 1 year leveraging open-source programming languages for large-scale data analysis.
  • •At least 1 year working with machine learning.
  • •At least 1 year utilizing relational databases.
  • •Preferred: 1+ year working with AWS and 4+ years of experience with Python, Scala, or R for large-scale data analysis.
Experience:4+ years
Education:Bachelor's
Skills:CommunicationStakeholder managementContinuous improvementDocumentationModel risk thinking
Tech Stack:PythonScalaRAWSOpen-sourceMachine learningDeep learning

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