Discover. A more rewarding way to work.
At Discover Financial Services, you'll find yourself in the company of some of the industry's smartest and most reliable professionals. And at a company that rewards dedication, values innovation and supports growth.
Thrive in an environment that promotes teamwork and shared success. Build on a foundation of mutual respect. Join the company that understands rewarding careers like no other, with this exceptional opportunity:
Director, Credit Risk Management - Unsecured Lending
Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. It operates the Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. The role is to lead the Credit Risk function for the unsecured lending acquisition business. A key component is monitoring on-going credit performance and adjusting strategy. This position directs expected account distribution, credit risk profile/loss forecasting and ensures profitability and corporate risk appetites are met. The successful candidate in this position will work with Senior Management, Marketing, Finance and other business partners to develop and analyze products, offers and portfolio strategies to achieve profitable growth while managing the level of credit risk.Responsibilities:Develop and implement acquisition credit risk strategies to acquire unsecured consumer loans: underwriting, loan amount and portfolio monitoring Ensure that all new accounts meet profitability and credit loss hurdles and are within corporate risk appetiteLead credit teams to develop and maintain credit criteria for new and existing productsMonitor loan performance trends and adjust credit strategies as necessaryApply mathematical modeling and forecasting techniques to forecast and monitor product performance related to profitability and credit loss.Communicate effectively with peers and senior management about credit performance and ensure products are managed within the company's risk appetite.Maintain and develop new credit criteria for existing and new products.Develop MIS to monitor the application and portfolio trends, adjust policy and strategies wherever necessary.Manage third party vendor relationships.
Promote a risk-aware culture, ensure efficient and effective risk and compliance management practices by adhering to required standards and processes.
Minimum of 10 years of experience in credit risk management in a strategic planning, sophisticated analytics and/or operations development position.
Minimum 5 years leadership experience.
Bachelors degree; Masters degree in Statistics, Math or Business preferred.
A background in sophisticated quantitative environments within world-class organizations, preferably in mortgage industry, credit card issuing, or a related industry.
Excellent communication/influencing skills and ability to navigate through matrix, integrated organizational structure and reach out to various constituent groups.
Through knowledge of product segmentations and credit loss activities and key drivers.Demonstrated ability to work cross functionally managing teams.
#LI-MK1 We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.
A little about us:
Discover is one of the most recognized brands in U.S. financial services. We’re a direct banking and payment services company built on a legacy of innovation and customer service.