VP, Credit Review

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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 Description:
What You'll Do
Comprehensive oversight and full functional ownership of Discover Financial Services Credit Review Program, which spans across both consumer credit and non-consumer credit (e.g. treasury, payments and network counterparties). The credit review activities are under the oversight of the overall Corporate Risk Management (CRM) framework and system.
The VP, Credit Review leads the independent credit review function, which is responsible for ensuring that the Bank's credit risk management processes are reliable and effective. The Credit Review Program provides independent and risk-based assurance to the Banks's Board. It provides assurance that the Bank's credit quality and credit business practices adhere to established consumer and non-consumer credit management policies, their supporting governance documents and regulatory safety and soundness guidance.
This position works closely with first line business leaders including credit management, collections and loss forecasting teams to ensure alignment of strategy, risk appetite and performance of credit and loan loss provision. This position also works with the second line of defense teams in CRM and committees across first and second lines. Lastly, the role has significant exposure to the board of directors, senior leadership and regulatory agencies based on risk management and operational accountabilities.
Drives and supports a culture of effective risk management, accountability, and demonstration of risk awareness across the organization.
Creates a culture of effective risk management, accountability, and demonstration of risk awareness across the organization.
How You'll Do It

• Lead the independent credit review function, which is responsible for ensuring that the Bank's Credit Risk management processes are reliable and effective. The Credit Review Program provides independent and risk-based assurance to the Banks's Board. It provides assurance that the Bank's credit quality and credit business practices adhere to consumer and non-consumer credit management policies, their supporting governance documents and regulatory safety and soundness guidance.
• Oversees the strategic planning, scoping and execution of independent periodic credit reviews and effective challenge across all non-consumer and consumer credit products and lending life cycle. This includes an evaluation of the adequacy and accuracy of lending decisions, consistent application of risk policy and credit procedures, analysis of underwriting and collections standards and practices, and determination of an overall assessment of asset quality and risk management practices. Coverage includes both first line credit management and second line credit risk oversight activities in consumer credit, treasury and payments.
• Provide overall assessment of the Reviews including clearly articulating identified supporting findings. Providing effective challenge through the findings while building consensus around actions plans. Collaborate effectively with all parties for effective resolution of issues and escalating issues appropriately.
• Oversee continuous monitoring of asset quality in between scheduled reviews and targeted assurance activities of credit loss estimation processes leading to reserves (Allowance of Credit losses) and capital stress testing and capital planning (CCAR). Consistently enhance the effective challenge process utilizing both internal credit quality factors and external factors including macroeconomic conditions and industry trends for proactive risk management.
• Interacts with senior executives, governance committees and regulators (FDIC, FRB) to provide (both orally and written) reporting, analytics, and findings from reviews in a complete and concise manner. This interaction includes influencing review entities to reasonable outcomes and escalating issues to issues to senior executives, committees and the Board as needed. management and operational efficiencies.
• Provides leadership, mentoring and development to credit review and credit risk oversight team. Collaborate and build relationships with the different program participants.

Qualifications You'll Need
The Basics

• Bachelors in Economics, Statistics, Analytics, Information Technology, Business Administration and Management or related
• 12+ years experience in credit review and/or credit risk management including analytics, modeling and risk process frameworks at a large financial institution or similar industry experience required.

Bonus Points If You Have

• Masters in Economics, Statistics , Analytics, Information Technology or Business Administration and Management
• 15+ years consumer and non-consumer credit risk oversight, credit reviews, internal audit of credit risk, and general risk management.

Physical and Cognitive Requirements
The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable a qualified individual with disabilities to perform the essential functions of the position as required by federal, state, and local laws:

• Primarily remain in a stationary position.
• Occasionally move about the work environment to complete the major responsibilities of the job.
• Ability to transport physical objects up to 10 pounds (5 kg).
• Primarily performed indoors in an office setting.
• Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.
• Ability to communicate verbally.; Ability to communicate in written form.
• Travel up to 25% of the time.

Discover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.
Application Deadline:
The application window for this position is anticipated to close on Jan-05-2025. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.
Compensation:
The base pay for this position generally ranges between $240,000.00 to $364,000.00. 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.
Benefits:
We 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

Learn more at mydiscoverbenefits.com .
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 [email protected] . Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.