Address
Form of workDiscover. 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 Description:What You’ll Do
Discover is searching for an experienced professional that will be accountable for independently overseeing Capital Planning and Resolution Planning programs. This is a highly visible leadership role that will implement, maintain, and enhance the independent risk oversight framework for Capital Planning and Resolution Planning programs. You will review and evaluate business processes related to risk identification, assessment, management, and reporting activities for the submission of the annual Capital Plan and the Resolution Plan. As a subject matter expert, you will leverage experience to comply with key Company regulatory objectives. Additionally, you will provide independent review reports to senior management and the Board of Directors. It is critical to partner directly with business lines and/or functions, drive oversight discussions, and play a leadership role in designing and managing independent reviews per plan or on an ad hoc basis as needed.
How You’ll Do It
- As the “Second line of defense,” implement and lead the effective challenge program for the execution of Capital Planning and Resolution Planning programs by the “first line” that ensures timely implementation and regulatory compliance.
- Leads the coordination of the independent challenge process for Corporate Risk Management and provides independent assessments to the Board of Directors, Board of Directors subcommittee, Capital Planning Committee, and the Working Groups for the various processes and gateway check points as a part of the Comprehensive Capital Analysis and Review (CCAR) process and the Resolution Planning process. The effective challenge process ensures that management understands and agrees with key assumptions and decisions that impact the capital planning submission from economic scenario development, to key assumptions and modeling impacts, to capital payout decisions.
- Liaise with business partners across Risk and Finance to review and challenge key assumptions and financial projections, provide effective challenge to CCAR forecast results and analyze key variance drivers between various scenarios.
- Undertakes peer analysis of Fed-published CCAR results to ensure consistency and/or identify gaps with industry best practices.
- Supports the process for the annual Horizontal Capital Review, Internal Audit Review, Board, and other Committee meetings.
- Creates presentations to senior management and the Board on independent review and ongoing monitoring; supports regulatory exams by attending discussions and providing materials and/or responses to requests.
- Works closely with MRM, for the validation of the relevant models used for capital planning.
Qualifications You’ll Need
The Basics
- Bachelor’s degree in Business, Finance or related field
- 10+ years of experience in Treasury, Finance, or Risk Management particularly in the areas of accounting, Capital Planning, regulatory reporting, or financial planning and budgeting or related
Bonus Points If You Have
- CPA and/or CFA
- Capital planning experience in Big 4 or similar consulting firm
Application Deadline:
The application window for this position is anticipated to close on Jan-22-2024. 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 $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.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)
