What are the responsibilities and job description for the Counterparty Credit Risk Analyst position at Discover?
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
Responsible for the identification and management of counterparty credit risk of new and existing Payment Services partner relationships across the Discover Global Network for Discover Network, Diners Club 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.
Responsibilities
Responsible for analyzing the Financial Statements of partners within the assigned portfolio in accordance with US GAAP and/or International IFRS standards and business procedures to monitor, evaluate, manage, and where appropriate mitigate the financial stability of Payment Services relationships Shares unique experiences and provides guidance and training to members of the team.
Manages project execution to ensure adherence to budget, schedule, and scope. Sets strategy and leads mitigation discussions through the relationship lifecycle, including bankruptcy. Innovates, closes gaps, streamlines processes, communicates progress toward key milestones and assists with projects both internal to the team and within Payments Risk.
Develops and maintains internal tools and databases supporting risk processes. Analyzes the portfolio for financial stability and provides training.
Analyzes new business processes and products to identify based upon related regulations where direct and indirect financial risk is present in the transaction flow and communicates requirement to mitigate them.
Collaborates with various subject matter experts (SMEs) within the first line of defense to ensure controls are adequately designed to mitigate credit, operational and compliance risks through process monitoring functions. Serves as a liaison and supports 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; provides ongoing advice, consultation, and feedback on processes, 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.
Evaluates reporting, systems capabilities and develop/maintain procedures. Ensures that documentation and training material is accurate and current.
Utilize professional and persuasive communications skills to keep the goodwill of partners.
Creates, validates and delivers control reports to senior leadership. Evaluates reporting and systems capabilities.
Ensures that documentation and training materials are accurate, current and develops new procedure guidelines, as needed.
Minimum Qualifications
At a minimum, here’s what we need from you:
Bachelor's Degree in Accounting, Finance, Economics, Information Technology, Risk Management, International Business, Business, or related field
2 years of experience in the Commercial Credit, Acquiring, Payments, or related field
2 years of analyzing the Financial Statements of businesses using GAAP and/or IFRS
In lieu of a degree, 6 years of experience in Commercial Credit or Banking, Production Support, Project Management, Fraud, Compliance, or related field
Preferred Qualifications
If we had our say, we’d also look for:
RIMS-Certified Risk Management Professional
Certification in Control Self-Assessment
Certified Public Accountant (CPA)
#remote #li-cs1
What are you waiting for? Apply today!
The same way we treat our employees is how we treat all applicants – with respect. Discover Financial Services is an equal opportunity employer (EEO is the law) . We thrive on diversity & inclusion. You will be treated fairly throughout our recruiting process and without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status in consideration for a career at Discover.
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
Responsible for the identification and management of counterparty credit risk of new and existing Payment Services partner relationships across the Discover Global Network for Discover Network, Diners Club 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.
Responsibilities
Responsible for analyzing the Financial Statements of partners within the assigned portfolio in accordance with US GAAP and/or International IFRS standards and business procedures to monitor, evaluate, manage, and where appropriate mitigate the financial stability of Payment Services relationships Shares unique experiences and provides guidance and training to members of the team.
Manages project execution to ensure adherence to budget, schedule, and scope. Sets strategy and leads mitigation discussions through the relationship lifecycle, including bankruptcy. Innovates, closes gaps, streamlines processes, communicates progress toward key milestones and assists with projects both internal to the team and within Payments Risk.
Develops and maintains internal tools and databases supporting risk processes. Analyzes the portfolio for financial stability and provides training.
Analyzes new business processes and products to identify based upon related regulations where direct and indirect financial risk is present in the transaction flow and communicates requirement to mitigate them.
Collaborates with various subject matter experts (SMEs) within the first line of defense to ensure controls are adequately designed to mitigate credit, operational and compliance risks through process monitoring functions. Serves as a liaison and supports 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; provides ongoing advice, consultation, and feedback on processes, 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.
Evaluates reporting, systems capabilities and develop/maintain procedures. Ensures that documentation and training material is accurate and current.
Utilize professional and persuasive communications skills to keep the goodwill of partners.
Creates, validates and delivers control reports to senior leadership. Evaluates reporting and systems capabilities.
Ensures that documentation and training materials are accurate, current and develops new procedure guidelines, as needed.
Minimum Qualifications
At a minimum, here’s what we need from you:
Bachelor's Degree in Accounting, Finance, Economics, Information Technology, Risk Management, International Business, Business, or related field
2 years of experience in the Commercial Credit, Acquiring, Payments, or related field
2 years of analyzing the Financial Statements of businesses using GAAP and/or IFRS
In lieu of a degree, 6 years of experience in Commercial Credit or Banking, Production Support, Project Management, Fraud, Compliance, or related field
Preferred Qualifications
If we had our say, we’d also look for:
RIMS-Certified Risk Management Professional
Certification in Control Self-Assessment
Certified Public Accountant (CPA)
#remote #li-cs1
What are you waiting for? Apply today!
The same way we treat our employees is how we treat all applicants – with respect. Discover Financial Services is an equal opportunity employer (EEO is the law) . We thrive on diversity & inclusion. You will be treated fairly throughout our recruiting process and without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status in consideration for a career at Discover.
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