18 Senior Manager - Risk Appetite Jobs in Chicago, IL
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Senior Manager - Risk Appetite
$131k-164k (estimate)
Full Time | Retail
3 Days Ago
Discover Financial Services is Hiring a Senior Manager - Risk Appetite Near Chicago, IL
Discover. A brighter future.With us, you’ll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it — we want you to grow and make a difference at one of the world's leading digital banking and payments companies. We value what makes you unique so that you have an opportunity to shine.
Come build your future, while being the reason millions of people find a brighter financial future with Discover.
Job DescriptionThis position will be responsible for supporting the development and execution of DFS’s Enterprise Risk Appetite and Metrics program. Responsible for driving our objective of ensuring that Risk Appetite program is a competitive advantage and a value add to strategic/business decision making for the Company.
Responsibilities
CompensationThe base pay for this position generally ranges between $103,000.00 to $174,200.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.
BenefitsWe also offer a range of benefits and programs based on eligibility. These benefits include:
What are you waiting for? Apply today!
All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.
Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights & Pay Transparency Nondiscrimination Provision)
Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email HireAccommodation@discover.com. Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.
Come build your future, while being the reason millions of people find a brighter financial future with Discover.
Job DescriptionThis position will be responsible for supporting the development and execution of DFS’s Enterprise Risk Appetite and Metrics program. Responsible for driving our objective of ensuring that Risk Appetite program is a competitive advantage and a value add to strategic/business decision making for the Company.
Responsibilities
- Supports the DFS’s Risk Appetite Program, inclusive of Risk Appetite Framework, Risk Appetite Statement and Metrics, Policy and Procedures, risk measurement approach (risk metrics and limit calibration), and reporting.
- Helps uplift DFS’s Risk Appetite and Metrics program in accordance with current and changing standards, regulations, policies, the financial services industry environment and internal needs/demands.
- Executes enhancements to risk appetite frameworks on refining key risk metrics and establishing linkage to various limit structures, building on existing reporting for senior management and Board, and extending the linkages between risk appetite and the firm’s strategic planning, capital planning and risk identification processes.
- Assist with the maturation of the Key Risk Indicator (KRI) program to increase the efficiency and effectiveness of risk and business metrics
- Works with Risk Stripes (Credit, Operational etc.) and business control functions to communicate requirements, understand metric changes, and provide review and challenge.
- Advises other risk functions on risk measurements and metric design while ensuring they maintain appropriate governance and control over metric selection, review, and monitoring.
- Works constructively and collaboratively with others to accomplish timely resolution of requirements, findings, limit breaches and leadership objectives.
- Uses analytics to understand themes and trends across multiple risk types (market, liquidity, credit, operational, strategic, compliance risks) along with the impact of those themes and trends and facilitate the discussion of actions to address the relevant issues.
- Leads the development, maintenance, and implementation of a coherent set of DFS’s ERM policies and standards related to risk appetite and risk profile reporting.
- Forges strong partnerships with leaders throughout the company to enhance collaboration, advise and consult on risk reduction and mitigation strategies, and facilitate escalation when challenging first line decisions. Develop effective working relationships and communications with staff and ensure that staff are motivated, developed and supported.
- Responsible for our enterprise risk management frameworks and strategy and provide an independent view of aggregate risk faced by DFS. This visible role will work closely with business and risk oversight leaders (credit, market, liquidity, strategic, operational, compliance and legal risk) to drive necessary action and will communicate findings to executive management and the board of directors.
- Bachelors in Accounting, Finance, Economics, Business Administration and Management, Statistics, Analytics, Information Technology, or related.
- 8 years in risk management experience in a financial environment with specific focus on enterprise risk management or related
- 4 years credit risk management experience in a financial environment
- Masters in Finance, Business, or Analytics Consumer credit experience is a bonus along with loss estimation framework and methodologies and credit lifecycle.
- Familiarity with stress testing and CCAR is a plus.
- Familiarity with other financial risk stripes (liquidity, interest rate risk, capital) is a bonus.
CompensationThe base pay for this position generally ranges between $103,000.00 to $174,200.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.
BenefitsWe also offer a range of benefits and programs based on eligibility. These benefits include:
- Paid Parental Leave
- Paid Time Off
- 401(k) Plan
- Medical, Dental, Vision, & Health Savings Account
- STD, Life, LTD and AD&D
- Recognition Program
- Education Assistance
- Commuter Benefits
- Family Support Programs
- Employee Stock Purchase Plan
What are you waiting for? Apply today!
All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.
Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights & Pay Transparency Nondiscrimination Provision)
Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email HireAccommodation@discover.com. Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.
Job Summary
JOB TYPE
Full Time
INDUSTRY
Retail
SALARY
$131k-164k (estimate)
POST DATE
06/24/2024
EXPIRATION DATE
07/21/2024
WEBSITE
discover.com
HEADQUARTERS
SALT LAKE CITY, UT
SIZE
15,000 - 50,000
FOUNDED
1986
TYPE
Private
CEO
MIKE SARRIS
REVENUE
$10B - $50B
INDUSTRY
Retail
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About Discover Financial Services
Discover Network provides financial services to the customers.
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