Director of Quality and Risk Management

3 weeks ago


Riverwoods, Illinois, United States Discover Financial Services Full time
Job Title: Director of Quality and Risk Management

Discover Financial Services is seeking a highly skilled Director of Quality and Risk Management to join our team. As a leader in credit risk, you will be responsible for identifying, monitoring, and mitigating real estate collateral valuation risk for Discover Home loans.

Key Responsibilities:
  • Own policies, strategies, and provide oversight as it relates to the selection and quality of collateral valuation products.
  • Lead the team to evaluate market and collateral valuation trends and mitigate risks for both originations and servicing.
  • Create a culture of effective risk management, accountability, and demonstration of risk awareness across the organization.
  • Enhance credit policy to outline valuation usage for both home lending originations and servicing to ensure adherence to valuation guidelines and regulations.
  • Supervise a risk-based strategy to optimize valuation accuracy and efficiency.
  • Lead a governance program and routines that provides oversight for home lending in their usage and quality control of valuations.
  • Monitor customer complaints related to appraisals to identify emerging risks.
  • Monitor macroeconomic and external valuation trends to identify emerging risks.
  • Address all emerging risks by evaluating and making necessary adjustments to our internal program.
  • Work closely with business partners to communicate credit requirements and oversight monitoring results to strengthen the collateral program.
Requirements:
  • Bachelor's degree in one of the following disciplines: Engineering, Mathematics, Statistics, Finance, Economics, Business Administration and Management, Social Studies, or related degree.
  • ~8+ years of work experience in Analytics, Consulting, Financial Services or related.
  • Real Estate / Collateral valuation experience including regulations, models, quality control, valuation policies and strategies.
  • ~10+ years of work experience in Analytics, Consulting, Financial Services or related.
What We Offer:
  • Medical, Dental, Vision, & Health Savings Account
  • Employee Stock Purchase Plan

Discover Financial Services 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. 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. 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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