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Job Description What You'll DoResponsible for conducting validation activities such as financial models, acquisition and portfolio management scorecards, anti-money laundering models, and anti-fraud tools. Provides recommendations for model enhancements.
How You ll Do It-
Performs independent validations on statistical, financial and machine learning, models across different business areas models from areas of finance, treasury, acquisitions, marketing, fraud, loss forecast, PPNR forecast, risk and collections in different lines of businesses like credit cards, network, payments, loans and banking.
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Write and present model validation reports and provide value-added recommendations to model owners and developers.
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Query data from multiple sources and platforms (SAS, Teradata, Essbase, Excel, and others) to find the right information to help address problems.
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Interpret model-validation test results and establish required action plans with model owners and developers.
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Maintain and enhance the enterprise-wide model inventory.
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Maintain working papers and records of model validation results.
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Reads model documentation, research modeling methodology and framework, and dig deeply into data, asks the right question to learn about the modeling process and techniques, identifies model limitations and recommend future action.
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Build benchmark models when necessary, using the best-practice approach in the appropriate areas.
The Basics
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Master's degree in Statistics, Economics, Engineering, Business, or other quantitative field
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2+ years of experience in model development and/or validation in a financial services industry, or related field
- 4+ years of experience in model development and/or validation (especially for CCAR or CECL purposes) in a financial services industry, or related field
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FRM or PRM certification
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What are you waiting for? Apply today!
The same way we treat our employees is how we treat all applicants with respect. Discover Financial Services is an equal opportunity employer (EEO is the law). We thrive on diversity & inclusion. You will be treated fairly throughout our recruiting process and without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status in consideration for a career at Discover.