1+ months

Senior Risk Analyst - P151480_S3

Riverwoods, IL 60015
  • Job Code

At Discover, be part of a culture where diversity, teamwork and collaboration reign. Join a company that is just as employee-focused as it is on its customers and is consistently awarded for both. We're all about people, and our employees are why Discover is a great place to work. Be the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career.

This position within the Corporate Risk Management AML Modeling & Analytics team is responsible for supporting modeling and analytical requests of the AML compliance program. This role includes providing qualitative and quantitative analysis for new model development or fine tuning of existing rules, monitoring AML trends, assisting with implementation or improvement of transaction monitoring controls and monitoring programs or systems. This individual will also participate in data quality efforts and the analytical support for expansion of transaction monitoring coverage to new product types or lines of business.


  • Participate and lead modeling projects including model design, data preparation, model development, implementation, documentation, and on-going monitoring & refinement
  • Conduct advanced statistical analyses to identify suspicious activity patterns, industry risks, or any complex, critical issues concerning the trends associated with money laundering or other financial crimes
  • Develop and deploy queries against enterprise data warehouses and the collection of system data for internal metric reporting
  • Provide data support including data extraction, aggregation and quality check, assist simulation and analysis for model development or ad-hoc analysis
  • Monitor system and model performance by producing & maintaining meaningful, robust metrics and reports
  • Collaborate with technology business partners, prepare implementation documents and participate in implementation of new or updated models
  • Work with Model Risk Management (MRM) or Internal Audit teams to handle model risk management related tasks
  • Act as subject matter expert related to data elements, advanced analytics and modeling methodology
  • Provide innovative and new ideas to improve model performance by identifying and evaluating new data elements, adopting advanced analytics and methodology

Minimum Qualifications

At a minimum, here's what we need from you:

  • M.S. degree or above with emphasis in Statistics, Economics, Computer Science, Applied Mathematics, Engineering, or related quantitative fields
  • Minimum one year working experience in analytics or technical fields, prefer in financial services industry or a regulatory agency or law firm involving compliance issues
  • Ability to work independently with minimum supervision, as well as work with team members
  • Excellent communication and interpersonal skills, with strong analytical mindset
  • Proficiency with data querying languages and tools (e.g. SQL, SAS, Teradata)

Preferred Qualifications

If we had our say, we'd also look for:

  • Knowledge in UNIX or PC environment for data extraction, reporting also preferred
  • Proven knowledge and expertise in business and analytics, machine learning background and working experience preferred
  • AML/OFAC related knowledge and/or working experience preferred


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.



  • Banking / Finance
Posted: 2019-09-05 Expires: 2019-11-03

Welcome to Discover
We strive to be the leading direct bank and payments services company. Our mission is to help people spend smarter, manage debt better, and save more to achieve a brighter financial future.

Why Work with Us?
You can make an impact. Whether it’s developing corporate strategy, innovating new services or supporting IT needs, every employee has the opportunity to be a vital part of our business and make a real difference in people’s lives. It’s the heart of what we do.


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Senior Risk Analyst - P151480_S3

Riverwoods, IL 60015

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