Senior Manager Strategy & Analysis

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Chicago, IL, USA
Hybrid
106K-179K Annually
Cloud • Fintech • Machine Learning • Analytics • Financial Services
We power a network that helps people achieve a brighter financial future.
The Role

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 supporting oversight of credit strategies across the bank and within specific Business Units. The role aids the Chief Credit Officer to develop key deliverables such as strategic and operating plans and craft presentations for key stakeholders (e.g., Management Committees, Discover's Board of Directors). Works under minimal supervision.
  • Develops and coaches teams to be able to identify, manage, and escalate risk, and effectively manages risk within the teams you oversee.


How You'll Do It

  • Define and scope project requests, work with the team to develop workplans, delegate workstreams, and execute some workstreams. Structure analyses, frame data requests, and develop fact based solutions and recommendations.
  • Assist senior leaders to translate ambiguous requests into clearly defined problem statements. Develop, implement, and maintain an ongoing screening and prioritization mechanism for new project opportunities.
  • Track implementation of key initiatives developed based on team recommendations. Lead group meetings that include senior executives.
  • Serve as an advisor for the Credit Risk Oversight leadership team in identifying and evaluating improvement opportunities. Create and manage a rapid response capability that can deliver value-added industry and competitive analysis in response to urgent ad hoc requests.
  • Develop, implement, and maintain an ongoing screening and prioritization mechanism for new project opportunities that enables periodic realignment of business development / internal consulting resources based on changing corporate, and credit risk priorities. Construct and achieve effective adoption of strategic planning / performance improvement tools and processes to enable Credit Risk Management - both 1st and 2nd lines of defense - to achieve strategic objectives.
  • Facilitate the delivery and effective use of training and best practice sharing for the assessment of opportunities and the application of process improvement analysis. Serve as a thought partner to the Vice Presidents and Senior Vice Presidents in Credit Risk management to identify, structure, and manage delivery of analysis that will drive key decisions.
  • Coordinate with business unit project management teams and line of business finance teams to track and evaluate the implementation of key initiatives stemming from the team's analysis. Track progress against the annual plan.
  • Manage the creation of presentations to the Chief Credit Risk Officer and other members of the Discover Financials Services Management Committee on Credit Risk performance and key issues.


Qualifications You'll Need
The Basics

  • Bachelor's Degree in Social Sciences or related.
  • 6+ years in Financial Services, Management Consulting, or related experience
  • 2+ years People Management or related experience
  • In Lieu of Education, 8+ years of Financial Services, Management Consulting, 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:

  • Primarily remain in a stationary position.
  • No required movement about the work environment to complete the major responsibilities of the job.
  • Primarily performed indoors in an office setting.
  • Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.
  • Ability to communicate verbally.; Ability to communicate in written form.
  • Travel up to 10% of the time.


Bonus Points If You Have

  • 8+ years of Financial Services, Management Consulting, or related experience preferred
  • Lean, Six Sigma and/or demonstrated process certifications or licenses preferred.


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.
Application Deadline:
The application window for this position is anticipated to close on Dec-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 $106,000.00 to $178,800.00. 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.

Discover Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Discover and has not been reviewed or approved by Discover.

  • Healthcare Strength Subsidized medical, dental and vision coverage, free mental‑health options, an EAP, and access to on‑site or virtual health centers are highlighted as part of the package.
  • Retirement Support A 401(k) program combining match and fixed company contributions can total up to 8% of wages per year, with a legacy defined‑benefit pension also referenced for eligible employees.
  • Parental & Family Support Paid parental and caregiver leave, plus adoption and surrogacy assistance, are explicitly included in formal benefit descriptions.

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The Company
HQ: Riverwoods, IL
18,000 Employees
Year Founded: 1986

What We Do

Discover is one of the most recognized brands in U.S. financial services. We’re a direct banking and payment services company built on a legacy of innovation and customer service. We support, challenge and inspire employees to continually develop their skills, advance their career and help grow our business.

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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