Director, Quantitative Analysis - Commercial Credit Modeling Team

Discover Financial
Virginia, New York
Workplace: OnsiteFull timeUSD 269,100 - 307,200 annuallyFunction: Capital Markets, Trading & QuantExperience: 7+ yearsSkills: ["Communication","Written communication","Presentation","Model documentation","Stakeholder communication","Project management","Cross-team collaboration"]

Lead Counterparty Risk modeling efforts for a $7B+ commercial credit risk portfolio, helping credit decision makers through statistical, econometric, and machine learning approaches. Own model strategy, validation, and governance by assessing methodologies and outputs, and improving model design and deployment capabilities. Communicate results through model validation presentations and documentation, and manage complex cross-team projects while working with large datasets and automation opportunities.

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Discover Financial
Discover Financial
1 day ago

Director, Quantitative Analysis - Commercial Credit Modeling Team

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Job Summary

Lead Counterparty Risk modeling efforts for a $7B+ commercial credit risk portfolio, helping credit decision makers through statistical, econometric, and machine learning approaches. Own model strategy, validation, and governance by assessing methodologies and outputs, and improving model design and deployment capabilities. Communicate results through model validation presentations and documentation, and manage complex cross-team projects while working with large datasets and automation opportunities.
Location: Virginia, New York
Workplace: Onsite
Employment Type: Full time
Job Function: Capital Markets, Trading & Quant
Seniority: Director level

Key Responsibilities

  • •Communicate clearly via model validation presentations and reports to both technical and non-technical audiences.
  • •Develop and implement strategies for statistical and financial models supporting Counterparty Credit Risk processes.
  • •Assess the quality and risk of model methodologies, outputs, and processes.
  • •Develop alternative approaches to model design and deployment capabilities.
  • •Apply econometric, statistical, and machine learning methods to generate insights and identify automation opportunities to improve performance and efficiency.

Pay and Benefits

Salary: USD 269,100 - 307,200 annually

Key Requirements

  • •Master’s degree in a quantitative field (or MBA with quantitative concentration) plus 7 years of quantitative analytics experience, or a PhD in a quantitative field plus 4 years of experience.
  • •7+ years of experience with statistical or econometric modeling, including linear and logistic regression.
  • •7+ years programming in R, Python, or SQL, with the ability to present statistical concepts and research results to non-statistical audiences.
  • •At least 7 years of experience in 3+ areas such as survival analysis, time-series analysis, panel data analysis, cross-sectional data analysis, machine learning, or managing datasets with 1M+ records.
  • •Appreciation for processes, controls, and good governance, with experience managing complex projects that require cross-team collaboration.
Experience:7+ yearsFinancial servicesCredit riskFinancial riskMachine learningLarge datasets
Education:
Skills:CommunicationWritten communicationPresentationModel documentationStakeholder communicationProject managementCross-team collaboration
Tech Stack:RPythonSQLScalaMachine learningCloud computingOpen source

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