Principal, Capital Planning

Job Description

Responsible for handling challenging tasks that will drive submission of both the Capital and Resolution Plans. Leverages experience to comply with key company regulatory objectives.

This is a highly visible role within the Capital Planning Program that supports (and as applicable, leads) the development, review, and challenge of Capital Planning frameworks, assumptions, financial forecasting and results analysis.

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

Responsibilities

• Support the development and maintenance of Capital Planning frameworks; Contribute to planning of strategic and tactical program enhancements and ensure timely implementation and regulatory compliance.
• Support the design and implementation of stress test scenarios
• Lead aggregation of financial and other data across the business and package the information into clear, concise, and easy-to-understand presentations to help Management and the Board stay informed and approve key decisions.
• Aggregates data across the business and packages the information into clear, concise, and easy-to-understand presentations to help senior management and the Board stay informed and approve key decisions.
• Performs ad hoc financial analysis and routine review of CCAR forecast results, including validation of submission data.
• Supports the coordination of the effective challenge process for the Board of Directors, Board of Directors subcommittee, Capital Planning Committee, and the Working Groups for the various scenarios and gateway check points as a part of the Comprehensive Capital Analysis and Review (CCAR) process.

The effective challenge process ensures that management understands and agrees with key assumptions and decisions that impact the capital planning submission from economic scenario development, to key assumptions and modeling impacts, to capital payout decisions.

• Participates in the production of the Capital Plan, including content updates and review especially as it relates to financial and economic data.
• Supports the annual Horizontal Capital Review (HCR) process and Capital Planning Internal Audit Review process.
• Perform peer analysis of Fed-published CCAR results and identify emerging trends in the Fed’s modeling of PPNR and Credit results

Minimum Qualifications

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

• Bachelor's Degree in Finance or related field
• 6+ years of experience in Treasury, Finance, or Risk Management, particularly in the areas of accounting, capital planning, regulatory reporting, or financial planning and budgeting, or related

Preferred Qualifications

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

• Experience at Big 4 or similar consulting firms in Capital Planning / Resolution Planning
• Certified Public Accountant (CPA), CFA
• FP&A skills around financial forecasting and budgeting; financial analysis skills, development of financial assumptions
• Background in Capital Planning at other banks in similar roles around financial forecasting, consolidation and effective challenge

LI-BP1 #Remote

Application Deadline :

The application window for this position is anticipated to close on Apr-02-2024. 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 .

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.