Home
/
Comprehensive
/
Principal Market & Liquidity Risk Specialist
Principal Market & Liquidity Risk Specialist-March 2024
Riverwoods
Mar 18, 2025
ABOUT DISCOVER
Make a difference working in a culture that thrives on customer-focused innovation.
10,000+ employees
Financial Services
VIEW COMPANY PROFILE >>
About Principal 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

  Reporting to Senior Manager of Market & Liquidity Risk, the Principal Market & Liquidity Risk Specialist is responsible for implementing, maintaining, and enhancing the market and liquidity risk oversight framework. This is an individual contributor role in which you will review and evaluate both market and liquidity risk management processes to ensure compliance with internal policies and regulatory requirements, identify areas for enhancements, and safeguard business growth with sound risk management. You will provide independent review reports to senior management and the Board of Directors. Additionally, you will work directly with business lines and/or functions, drive oversight discussions, and play a leadership role in designing and managing independent reviews per plan or on an ad hoc basis as needed.

  How You’ll Do It

  Oversees market risk management process, including assessing interest rate risk (IRR) measurement methodology and assumptions, yield curve constructs, and balance sheet positioning strategies to ensure regulatory compliance in line with firm’s IRR profile.

  Oversees liquidity risk management process, including assessing liquidity stress testing framework, contingency funding plan, cash flow projections, collateral management, and LCR/FR 2052a assumptions to ensure regulatory compliance in line with firm’s liquidity risk profile.

  Engages first line in annual updates of risk inventory, Risk Appetite Limits, Key Risk Indicators (KRIs) and Early Warning Indicators (EWIs), including addition, deletion and remapping of Limits/KRIs/EWIs, and thresholds resetting based on quantitative & qualitative analysis.

  Validates risk appetite and KRI metrics quarterly to ensure accuracy of reporting to senior management and the Board.

  Validates economic capital modeling process for sizing economic capital needed for IRR.

  Reviews the Company’s funds transfer pricing practices to ensure appropriate allocation of risk and rewards among business lines.

  Undertakes peer banks benchmarking analysis to ensure consistency and/or identify gaps with industry best practices; creates presentations to senior management and the Board on independent review and ongoing monitoring; supports regulatory exams by attending discussions and providing materials and/or responses to requests.

  Qualifications You’ll Need

  The Basics

  Bachelor’s Degree in Finance or related field

  4+ years of experience in Treasury, Finance, Asset Liability Management, Liquidity Risk and Funding Management, or related risk oversight functions

  In Lieu of degree, 8+ years of experience in Treasury, Finance, Asset Liability Management, Liquidity Risk and Funding Management, or related risk oversight functions

  Bonus Points If You Have

  Master’s Degree in Finance or related field

  6+ years of experience in Treasury, Finance, Asset Liability Management, Liquidity Risk and Funding Management, or related risk oversight functions

  FRM/CFA

  Application Deadline:

  The application window for this position is anticipated to close on Jan-22-2024. 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$)

Comments
Welcome to zdrecruit comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
SIMILAR JOBS
Accounting Manager, Project Kuiper
Description Amazon is a fast paced, dynamic, high-tech company based in Seattle. Amazon has an immediate opening for an Accounting Manager to support all aspects of the accounting for Project Kuiper,
Principal Member of Technical Staff
Job Description Building off our Cloud momentum, Oracle has formed a new organization - Oracle Health Applications & Infrastructure. This team will focus on product development and product strate
Stand Attendant - Shake Shack - Citizens Bank Park
Job Description The Concession Stand Worker is responsible for preparing and/or building food items while providing a memorable guest service experience. Adheres to established food safety, food hand
Retail Merchandiser
Job Posting CROSSMARK is seeking a fun, energetic part-time Merchandiser who enjoys staying active in a fast-paced environment. You would be responsible for engaging and captivating consumers by time
Data Center Design Execution Project Manager (Sr Project Manager)
Data Center Design Execution Project Manager (Sr Project Manager) Job ID 149570 Posted 08-Jan-2024 Service line GWS Segment Role type Full-time Areas of Interest Construction, Data Centers Location(s
Retail Associate
Our values start with our people, join a team that values you! We are the nation’s largest off-price retailer with over 2,000 stores, and a strong track record of success and growth. Our focus has al
(USA) Optometrist Pre-Grad Intern - Wm
Position Summary... What you'll do... Walmart Corporate Nationwide Are you ready to dive into the world of optometry and gain invaluable hands-on experience? Look no further! We're looking for a pass
Biological Science Aid (Field Assistant)
Duration of Appointment: This is a temporary excepted service position not-to-exceed 1 year but may be extended up to a maximum of 2 years without further competition. Employment may not exceed 180 w
Nurse Practitioner, HouseCalls - Philadelphia Delaware
$40,000 Student Loan Repayment Or $20,000 Sign-on Bonus For Individuals Who Have Not Previously Participated In This Program Optum Home & Community Care, part of the UnitedHealth Group family of
STATION ATTENDANT (PART TIME)
We are hiring immediately for a STATION ATTENDANT (PART TIME) position. Location: CSU East Bay Admin 25800 Carlos Bee Blvd, Hayward, CA 94542 Note: online applications accepted only. Schedule: Part T
Copyright 2023-2025 - www.zdrecruit.com All Rights Reserved