JOB TITLE:  PROJECT MANAGER/ASSISTANT MANAGER-COUNTERPARTY CREDIT RISK   

 

DEPARTMENT:  CORPORATE RISK MANAGEMENT

LOCATION:                          RIVERWOODS, ILLINOIS *

REPORTING TO:                  DIRECTOR – MARKET & COUNTERPARTY CREDIT RISK

 

 

JOB DESCRIPTION:

Discover Financial Services is a leading credit card issuer and electronic payment services company with one of the most recognized brands in U.S. financial services. 

 

Discover's Corporate Risk Management ("CRM") Group is seeking a Project Manager to join its Market & Counterparty Credit Risk ("MCCR") team.  The MCCR team provides independent oversight and management of counterparty credit risk throughout the organization, across virtually all business units.  In addition to bolstering Credit's analytic capabilities, the Project Manager will assist the team's Director in building a more robust and comprehensive enterprise-wide counterparty credit risk management process.  This individual will work closely with DFS' Payment Services and Vendor Management/Procurement groups, and will interact on a regular basis with senior management.  

 

* Relocation to Riverwoods may not be required for internal candidates currently working at other DFS locations.

 

KEY RESPONSIBILITIES:

·         Play a leading role in enhancing the process of assessing vendor counterparty risk.  Collaborate with the Vendor Management group to create an analytical and procedural framework for measuring, tracking, and reporting on vendor counterparty risk, and enhancing ongoing due diligence practices.

·         Help structure Credit's oversight role and responsibilities relating to Payment Services and Vendor Management activities and reporting requirements.   Provide an independent evaluation of procedures, approval processes and other internal mechanisms to help ensure DFS' risk management activities adhere to the company's governance framework.

·         Support cross-departmental business initiatives by providing analytical resources – including writing credit reviews -- and assisting with due diligence activities on an as-needed basis.   

·         Help refine CRM/Credit policies and operating guidelines relating to the management, monitoring and reporting of enterprise-wide counterparty risk. 

·         Assist in the preparation of monthly and quarterly counterparty risk reports for senior management, DFS risk committees, and regulators.

·         Participate in a range of risk-related special projects.

 

 

QUALIFICATIONS:

·         Bachelor's degree required, ideally with an emphasis in a quantitative field (i.e., economics, finance, risk management, accounting).

·         At least five years of experience in financial analysis or counterparty credit risk analysis covering primarily the corporate (i.e. non-financial services) sector.  Familiarity with some of the following industries/sectors would be very useful:  airlines, hotels, cruise lines/leisure time activities, consumer goods, technology, consulting/professional services. 

·         Knowledge of the credit card sector/payment system activities, or vendor management/corporate procurement activities, would be ideal but is not required. 

·         Superior organizational and project management skills, with a proven ability to work under tight deadlines.

·         Strong problem-solving capabilities; solid analytical, interpersonal and written and oral communication skills; and an ability to balance independent project work with cross-departmental responsibilities. 

·         Comfortable working in a fluid environment where roles and responsibilities are still evolving.

·         Proficiency in Microsoft Word, Excel, and PowerPoint.

-------------------------------------------------------------------------------------------------------------

JOB TITLE:   PROJECT MANAGER – LIQUIDITY/MARKET RISK ANALYTICS

 

DEPARTMENT:  CORPORATE RISK MANAGEMENT

LOCATION:                          RIVERWOODS, ILLINOIS

REPORTING TO:                  DIRECTOR – MARKET & COUNTERPARTY CREDIT RISK

 

JOB DESCRIPTION:

Discover Financial Services is a leading credit card issuer and electronic payment services company with one of the most recognized brands in U.S. financial services. 

 

Discover's Corporate Risk Management Group is seeking a Project Manager to join its Market & Counterparty Credit Risk ("MCCR") team.  MCCR provides independent oversight and management of counterparty credit risk throughout the organization, and oversees liquidity and market risk management processes associated with Treasury activities.  The Project Manager will play a key role in developing liquidity and market risk oversight and risk metric validation processes, and will assist the team's Director in building a more robust and comprehensive enterprise-wide risk management framework.  This individual will work closely with DFS' Treasury department and various business units, and will interact on a regular basis with senior management.  

 

 

KEY RESPONSIBILITIES:

·         Help establish an independent oversight framework for liquidity risk and market risk management, working closely with CRM and Treasury.  Help refine CRM policies and procedures relating to the management, monitoring and reporting of these risks

·         Evaluate DFS' approach to managing liquidity and market risk, including the reasonableness of assumptions used in models/forecasts, appropriateness of stress testing scenarios, assessing key drivers of the company's liquidity profile, and quality/robustness of forecasting/modeling controls.  

·         Provide independent reviews and evaluations of the various components of DFS' liquidity risk and market risk management methodologies to ensure risk management activities adhere to the company's governance framework. 

·         Review and evaluate DFS' contingency funding plans/process, including the robustness and appropriateness of underlying assumptions and testing scenarios.

·         Track and validate key business and risk metrics, recommend improvements/enhancements, and develop and maintain a strong documentation process.   

·         Ensure compliance with supervisory guidance and sound industry practices.  Prepare regular risk reports for senior management, DFS risk committees and regulators.

·         Participate in other risk-related projects on an as-needed basis.

 

 

QUALIFICATIONS:

·         Bachelor's degree required with a concentration in a quantitative field (i.e., economics, finance, risk management, statistics).

·         Prior Treasury experience and/or risk management experience, preferably at a financial services organization.

·         Familiarity with regulatory standards/guidance (i.e., Basel, FDIC, Federal Reserve) pertaining to liquidity and market risk is preferred.

·         Proficiency in Microsoft Word, Excel, and PowerPoint; working familiarity with Bloomberg. Experience with database/software/analytical tools such as Hyperion, Access, Quantum, QRM and/or Bancware, would be ideal. 

·         Superior organizational and project management skills, with a proven ability to meet deadlines.

·         Strong problem-solving capabilities; solid analytical, interpersonal and written and oral communication skills; and an ability to balance independent project work with cross-departmental responsibilities. 

·         Comfortable working in a fluid environment where roles and responsibilities are still evolving.

-------------------------------------------------------------------------------------------------------------
Public Works Operations Department - Seasonal Summer Employment