Senior Manager, Quantitative Analysis - Model Risk Office

Discover Financial
Virginia, Illinois
Full timeUSD 229,900 - 262,400 annuallyFunction: Capital Markets, Trading & QuantExperience: 5+ yearsEducation: mastersSkills: ["Communication","Collaboration","Continuous improvement","Presentation"]

Lead quantitative model risk efforts by partnering with model development and model risk teams supporting Loan Loss Forecasting and the Allowance for Credit Losses (ACL) framework. Develop alternative analytical approaches, assess model design and risks, and improve model efficiency through best practices. Use Python, R, and SQL with econometric, statistical, and machine learning techniques, maintain transparent documentation, and communicate complex results to management, officers, regulators, and regulators.

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Discover Financial
Discover Financial
5 days ago

Senior Manager, Quantitative Analysis - Model Risk Office

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Last checked: 13 hours agoStatus: Live

Job Summary

Lead quantitative model risk efforts by partnering with model development and model risk teams supporting Loan Loss Forecasting and the Allowance for Credit Losses (ACL) framework. Develop alternative analytical approaches, assess model design and risks, and improve model efficiency through best practices. Use Python, R, and SQL with econometric, statistical, and machine learning techniques, maintain transparent documentation, and communicate complex results to management, officers, regulators, and regulators.
Location: Virginia, Illinois
Employment Type: Full time
Job Function: Capital Markets, Trading & Quant
Seniority: Sr. Manager level

Key Responsibilities

  • •Assess model design and develop alternative model approaches to evaluate model risk and future capabilities for Loan Loss Forecasting and ACL.
  • •Apply econometric, statistical, and machine learning expertise to identify model risks and opportunities, and maintain model efficiency through continuous improvement and best practices.
  • •Partner with model development and model risk teams to understand relevant business processes and portfolios tied to model use.
  • •Maintain high-quality, transparent documentation for models and analytical work.
  • •Communicate complex technical concepts and research results clearly to management, model risk officers, regulators, and non-specialist audiences.

Pay and Benefits

Salary: USD 229,900 - 262,400 annually

Key Requirements

  • •Master’s degree in a quantitative field (or MBA with quantitative concentration) plus 5 years of quantitative analytics experience, or a PhD in a quantitative field plus 2 years of quantitative analytics experience.
  • •At least 5 years of experience in statistical or econometric modeling, including linear and logistic regression.
  • •At least 5 years of programming experience in R, Python, or SQL.
  • •At least 5 years of experience presenting statistical concepts and research results to non-statistical audiences.
  • •At least 5 years of experience in at least 3 areas such as survival analysis, time-series analysis, panel data analysis, cross-sectional data analysis, machine learning, or managing large datasets.
Experience:5+ yearsMachine learningEconometric modelingFinancial servicesCredit riskCommercial banking
Education:Master's
Skills:CommunicationCollaborationContinuous improvementPresentation
Tech Stack:PythonRSQLCloud computingMachine learningOpen 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