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Lead Counterparty Risk Analyst - Payment Services

Company: Discover
Location: New Albany
Posted on: November 26, 2022

Job Description:

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 independent 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, Merchants, and other business partners. Responsible for analyzing the credit risk of these partners utilizing detailed financial statement analysis, and for independently conducting negotiations regarding required mitigation and contract terms. Responsible for independently evaluating new initiatives and products to identify risks. Responsible for providing training and guidance to less experienced team members.Responsibilities

  • Analyzes portfolio of assigned partners for financial stability utilizing detailed financial statement analysis for both US domestic and International partners.
  • Analyzes new business processes and products to identify where direct and indirect financial risk is present in the transaction flow and recommend strategies to mitigate the risk.
  • Sets strategy and leads mitigation discussions through relationship lifecycle, including due diligence, collections and bankruptcy.
  • Collection and follow up to request financial statements for all partners in assigned portfolio.
  • Innovate, close gaps, streamlines processes and assist with projects both internal to the team and within Payments Risk. Provide training and guidance to less experienced team members. Provide support to team members on partner facing calls.Minimum QualificationsAt a minimum, here s what we need from you:
    • Bachelor's Degree in Accounting, Finance, Business, International Business, Economics, or related field
    • 4+ years of experience in Commercial Credit or Acquiring, Payments, or related
    • 4+ years of experience analyzing the Financial Statements of businesses using GAAP and/or IFRS.
    • In lieu of degree, 8+ years Analyzing the Financial Statements of businesses using GAAP and/or IFRS, OR Commercial Credit or Acquiring, Payments, or related experiencePreferred QualificationsIf we had our say, we d also look for:
      • Certified Public Accountant (CPA)#remote #li-cs1What 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.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. Associated topics: bi, business, business analytic, financial analyst, forecasting, guidance, investment analytics, investment banking, refinement, valuation analyst

Keywords: Discover, Columbus , Lead Counterparty Risk Analyst - Payment Services, Accounting, Auditing , New Albany, Ohio

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