21 days old

Senior Model Validation Specialist-IHM - 50994

Riverwoods, IL 60015
  • Job Code
    50994

TITLE: Senior Model Validation Specialist

DUTIES: DFS Corporate Services LLC seeks Senior Model Validation Specialist in Riverwoods, IL to perform model validation and risk management functions in the areas of loss forecast, strategic and capital planning, including economic capital, acquisition and account management models for both card and non-card products, AML and other models. Perform validation on statistical and financial models across different business areas models from areas of finance, treasury, acquisitions, marketing, fraud, loss forecast, PPNR forecast, risk and collections. Present model validation reports, and provide recommendations to model owners and developers. Participate in querying data from multiple sources and platforms. Interpret model validation test results and establish required action plans with model owners and developers. Maintain enterprise-wide model inventory, working papers and records of model validation results. Review model documentation, research modeling methodology and framework, conduct validation tests and effective challenge, review results and identify model limitations and risks. Build benchmark models. Promote a risk-aware culture, ensure efficient and effective risk and compliance management practices by adhering to required standards and processes.

REQUIREMENTS : Master's degree or foreign equivalent in Finance, Economics, Statistics or a related quantitative field and two (2) years of experience in job offered or related position: writing and presenting model development or validation reports; performing validations of statistical models in areas including portfolio risk management or loss forecast; building statistical models using linear regression or logistic regression techniques; diagnosing models with statistics or tests including correlation analysis, information value, R-squared, P-value, QQ plots, VIF, KS, and backward, forward, or stepwise selection methods; and utilizing analytical tools including R, Excel and VBA.

QUALIFIED APPLICANTS: Please apply directly through our website www.mydiscovercareer.com for Job ID 50994 by clicking on "Apply Now." No calls. Equal Opportunity Employer/disability/vet.

Discover Financial Services is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status, among other things, or as a qualified individual with a disability.



Categories

Industry

  • Banking / Finance
Posted: 2019-09-26 Expires: 2019-10-26

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Senior Model Validation Specialist-IHM - 50994

Discover
Riverwoods, IL 60015

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