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Principal Derivatives
Principal Derivatives-February 2024
Riverwoods
Feb 2, 2025
ABOUT DISCOVER
Make a difference working in a culture that thrives on customer-focused innovation.
10,000+ employees
Financial Services
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About Principal Derivatives

  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 development and execution of hedging strategies to manage interest rate risk. This position reports to the Director, Investments, and partners with the Balance Sheet Management Group and Treasury Middle Office to ensure seamless execution of derivatives transactions.

  Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.

  Responsibilities

  Execute hedging strategies to achieve the desired balance sheet positioning and risk posture. Discover utilizes a combination of cash, treasuries, mortgage backed securities, and interest rate swaps to fulfill this mandate

  Apply financial markets experience, including appropriate market etiquette, to manage banking partners and obtain best trade execution

  Serve as subject matter expert in the area of derivatives to assist Treasury in identifying implications of financial market and regulatory developments on company’s risk exposures

  Assist in the formulation, development, and communication of hedging and investment strategies to meet the broader ALM objectives

  Provide analytic support for a wide range of topics including risk positioning, hedge and investment alternatives, and assessment of economic and financial market conditions

  Assist in the execution of share repurchases to support the objectives of the Company’s capital distribution program

  Promote efficiency, risk mitigation, and an effective control environment by proactively partnering with internal and external stakeholders

  Minimum Qualifications

  At a minimum, here’s what we need from you:

  Bachelor's Degree in Finance, Accounting, Business, or related field

  6+ years of experience in Financial Reporting, Regulatory Reporting, Financial Analyst, or related field

  Preferred Qualifications

  If we had our say, we’d also look for:

  Masters Degree in Finance, Accounting, Business, or related field#LI-EB1

  Application Deadline:

  The application window for this position is anticipated to close on Feb-25-2024. 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 $88,500.00 to $149,300.00. 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) (https://urldefense.com/v3/__https:/www.eeoc.gov/poster__;!!MjXRb4uW6x5k!ABIVgRw0WsyX2wfQC-pKxK3V9X4h1NBUGgjO7EM8PTvp5MNRgpEuVC_jVk0fcn_ISAZjmwkbLuUIrj8mFedCBkyz$)

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