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Counterparty Risk Analyst

4 months ago

Riverwoods, United States Discover Financial Services Full time

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.

Responsible for the identification and management of counterparty credit 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.

**Responsibilities**:
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, 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 to identify where direct and indirect financial risk is present in the transaction flow and mitigates them.
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.

Minimum Qualifications

**At a minimum, here’s what we need from you**:
Bachelor's Degree in Accounting, Finance, Economics, Information Technology, International Business, Business Administration and Management or related field
2+ years of experience in the Commercial Credit or Acquiring, Payments, or related experience
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, Payments or related experience

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)

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**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

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)