Credit Risk Analyst

Discover. 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
Responsible for the identification and management of counterparty credit (financial) risk of new and existing Payment Services partner relationships across the Discover Global Network for DN, DCI and Pulse including key Acquirers, Issuers, Networks, Processors and Merchants. Responsible for analyzing the credit risk of these partners utilizing detailed financial statement analysis, independently conducting negotiations regarding required mitigation and contract terms. The role is also responsible for providing training and guidance to less experienced team members.
Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.
How You'll Do It

• Manages project execution to ensure adherence to budget, schedule, and scope. Sets strategy and leads mitigation discussions through relationship lifecycle, including bankruptcy. Innovate, close gaps, streamlines processes and assist with projects both internal to the team and within Payments Risk.
• Collaborates with various subject matter experts (SME's) within the first line of defense to ensure controls are adequately designed to mitigate operational and compliance risks through process monitoring functions. Serves as a liaison and support the business unit with consulting and project management reviews. Seeks input from stakeholders who may be affected by changes in new or revised policies and procedures, providing ongoing advice, consultation, and feedback on policies and procedures.
• Collection and follow up to request financial statements for all partners in assigned portfolio.
• Analyzes portfolio of assigned partners for financial stability utilizing detailed financial statement analysis of both US domestic and International partners.
• Develops and maintains internal tools and databases supporting risk processes. Analyzes portfolio for financial stability and provide training. Analyzes new business processes to identify where direct and indirect financial risk is present in the transaction flow and mitigate.
• Evaluates reporting, systems capabilities and develop/maintain procedures. Ensures that documentation and training material is accurate and current.

Qualifications You'll Need
The Basics

• Bachelor's degree in Accounting, Finance, Economics, Information Technology, Internal Business or related field.
• 2+ years of experience in Analyzing the Financial Statements of businesses using GAAP and/or IFRS.
• 2+ years of experience in Commercial Credit or Acquiring, Payments, or related experience
• In lieu of a degree, 6+ years of experience in Commercial Credit or Acquiring, Payments, or related experience

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:

• Does this job require remaining in a stationary position, including but not limited to, primarily sitting and standing? Primarily remain in a stationary position.
• Does this job require the ability to move about inside or outside the work environment to complete the major responsibilities of the job? No required movement about the work environment to complete the major responsibilities of the job.
• Does this job require the ability to transport physical objects? If so, provide the weight of the heaviest object the job needs to transport without the aid of machinery or equipment or the weight equivalency with the aid of machinery or equipment. No
• Primarily, where is this job performed? Primarily performed indoors in an office setting.
• Does this job require the ability to operate equipment or machinery? Select all that apply. Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.
• Does this job require the ability to communicate verbally or in written form? Select all that apply. Ability to communicate verbally.; Ability to communicate in written form.
• Does the job require travel? Travel up to 10% 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.
#Remote
#LI-RD
Application Deadline:
The application window for this position is anticipated to close on Nov-17-2024. 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 $65,000.00 to $109,800.00. 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.