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Lead Market & Liquidity Risk Specialist

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 implementing, maintaining, and enhancing market and liquidity risk oversight. Reviews market and liquidity risk management processes. Monitors and provides market and liquidity risk reports to management.• Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.How You'll Do It• Analyzes liquidity risk management processes including: liquidity stress testing, contingency funding plan, and liquidity coverage ratios.• Analyzes market risk management processes.• Verifies market and liquidity risk appetite and key risk indicator metrics.• Performs market and liquidity risk monitoring and reporting. Collects information for independent reviews, regulatory exams. Maintains end user computing worksheets.Qualifications You'll NeedThe Basics• Bachelor's in Finance or related• 4+ years in Financial, Treasury, Finance, Asset Liability Management/Liquidity Risk Functions, or related experience.• In lieu of Experience 8+ years of experience in Financial, Treasury, Finance, Asset Liability Management/Liquidity Risk functions, or related experience.Physical and Cognitive RequirementsThe 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.Bonus Points If You Have• 6+ years in Financial, Treasury, Finance, Asset Liability Management/Liquidity Risk Functions, or related experience preferred.• CFA, GARP Financial Risk Manager (FRM), or related 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-18-2024. 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 $77,500.00 to $131,500.00. 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 PlanLearn 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 HireAccommodation@discover.com . Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.
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What You Should Know About Lead Market & Liquidity Risk Specialist, Discover

Welcome to Discover! We’re searching for a Lead Market & Liquidity Risk Specialist to join our vibrant Chicago, IL team. As part of a global leader in digital banking and payments, you will be instrumental in executing our mission to provide meaningful financial solutions. Your day-to-day responsibilities will include implementing, maintaining, and enhancing our market and liquidity risk oversight. You will dive deep into risk management processes, analyze liquidity stress testing, and develop contingency funding plans, all while ensuring compliance with our risk appetite. At Discover, we believe in collaboration and personal growth. You will play a vital role in monitoring market and liquidity risks, providing critical reports to management, and elevating any issues that impact our customers. We value your unique perspective and encourage you to shine in our supportive environment. If you have a bachelor's degree in Finance or a related field, and 4+ years of relevant experience, or 8+ years in financial or risk functions, you're the talent we're looking for! Candidates with additional qualifications such as a CFA, FRM, or similar certification will have a leg up, but your commitment and drive are what really matter. Join us at Discover, where you can build your career while helping millions find their brighter financial future!

Frequently Asked Questions (FAQs) for Lead Market & Liquidity Risk Specialist Role at Discover
What are the core responsibilities of the Lead Market & Liquidity Risk Specialist at Discover?

As a Lead Market & Liquidity Risk Specialist at Discover, you will be responsible for implementing and enhancing market and liquidity risk oversight. This includes reviewing risk management processes, performing market and liquidity risk monitoring, analyzing stress testing, and providing comprehensive reports to management on risk metrics and appetite.

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What qualifications are required for the Lead Market & Liquidity Risk Specialist role at Discover?

To qualify for the Lead Market & Liquidity Risk Specialist position at Discover, you need a bachelor’s degree in Finance or a related field and a minimum of 4 years of experience in finance, treasury, or liquidity risk functions. Alternatively, 8+ years of experience in relevant areas is acceptable. Additional certifications like CFA or FRM would be advantageous.

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What does the work environment look like for the Lead Market & Liquidity Risk Specialist at Discover?

The Lead Market & Liquidity Risk Specialist role at Discover is primarily an office-based position. You’ll be in a stationary position, communicating effectively with team members and stakeholders while using various office equipment including computers and phones. The environment emphasizes collaboration and adhering to compliance standards.

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What opportunities for growth exist for the Lead Market & Liquidity Risk Specialist at Discover?

At Discover, the Lead Market & Liquidity Risk Specialist will find ample opportunities for personal and professional growth. With a culture that emphasizes teamwork and improvement, you can expect to refine your skills and advance your career while playing a vital role in our market and liquidity risk management strategies.

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What types of benefits does Discover offer to the Lead Market & Liquidity Risk Specialist?

Discover offers a competitive benefits package for its Lead Market & Liquidity Risk Specialist role, including paid parental leave, paid time off, a comprehensive 401(k) plan, medical and dental insurance, education assistance, and commuter benefits, among others, ensuring you are well-supported both personally and professionally.

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Common Interview Questions for Lead Market & Liquidity Risk Specialist
Can you explain your experience with liquidity risk management?

When addressing this question, provide specific examples of how you've managed liquidity risks in previous roles. Discuss methodologies you've implemented, such as liquidity stress testing, and how these contributions have positively impacted the organization.

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What strategies do you use to analyze market risk?

In your answer, outline the specific tools and metrics you employ to analyze market risk. Mention any software or analytics tools you are familiar with and explain how your analysis has driven decision-making in the past.

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How do you ensure effective communication with management regarding risk reports?

Effective communication is crucial in risk management roles. Highlight your approach to preparing clear, concise reports and presenting them to management. Share an example of a time your reporting created a significant impact on strategic decisions.

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Describe a challenging risk-related situation you faced and how you handled it.

Use the STAR (Situation, Task, Action, Result) method to clearly outline the challenge, what your responsibilities were, the actions you took to address the issue, and the positive outcome resulting from your efforts.

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How do you keep up to date with market and liquidity risk regulations?

Reflect on the various resources you utilize to stay informed about changes in market and liquidity risk regulations, such as networking with professionals, attending industry seminars, or subscribing to relevant journals and publications.

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What tools do you prefer for risk analysis reporting?

Share specific tools you have experience with, such as Excel, Tableau, or risk analysis software. Provide examples of how these tools have enabled you to improve reporting accuracy and efficiency in past roles.

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Can you explain a situation where you had to escalate a risk issue?

Provide a detailed account of a risk issue you identified that needed escalation. Describe your rationale for escalation and how you communicated the issue to stakeholders, as well as the outcome of your actions.

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What key risk indicators do you consider vital to market and liquidity risk management?

Discuss specific key risk indicators you've tracked in previous positions and explain why they are essential to understanding market and liquidity conditions. Highlight how these indicators helped in strategic decision-making.

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How do you approach teamwork in risk management at Discover?

Emphasize the importance of a collaborative approach within risk management, detailing how you engage with cross-functional teams to align on risk strategies, share findings, and ensure a comprehensive risk oversight framework.

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Why do you want to work as a Lead Market & Liquidity Risk Specialist at Discover?

Demonstrate your knowledge of Discover as a leading digital banking and payments company. Discuss how your personal values align with Discover’s mission and culture, and how this role will allow you to make a meaningful contribution.

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To help people spend smarter, manage debt better and save more so they can achieve a brighter financial future.

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Full-time, on-site
DATE POSTED
December 18, 2024

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