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Discover. A more rewarding way to work.
At Discover Financial Services, you'll find yourself in the company of some of the industry's
smartest and most reliable professionals. And at a company that rewards dedication, values innovation and supports growth.
Thrive in an environment that promotes teamwork and shared success. Build on a foundation of mutual respect. Join the company that understands rewarding careers like no other, with this exceptional opportunity: |
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| Requisition Number |
14015 |
| Job Title |
Treasury Senior Manager - Liquidity, Job ID# 14015 |
| Job Type |
Full Time |
| Post date |
6/15/2009 12:00:00 AM |
| Maximum Salary |
0 |
| Minimum Salary |
0 |
| Shift Description |
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| Job Description |
Discover Financial Services is a leading credit card issuer that represents one of the four major credit card brands issued primarily in the U.S., with over 50 million cardholders. Discover Cards are currently accepted at more than 4 million merchant and cash access locations in the U.S., Canada, Mexico, and the Caribbean.
The Corporate Treasury department within Discover Financial Services manages the company’s financial resources with respect to capital planning, long-term and short-term funding, liquidity planning, asset-liability matching, interest rate risk management, rating agency and creditor relations, and cash management.
Basic Function:
* Report to Treasury Director - Capital & Liquidity Management.
* Oversee and perform analysis of liquidity risk management, working closely with ALM and cash management team.
* Manage staff of one consultant/project manager.
Responsibilities:
* Evaluate liquidity risks by monitoring and creating stress scenarios for the Company. Establish liquidity targets and determine the optimal size of the firm’s liquidity pool.
* Maintain Contingency Funding Plan to address liquidity needs under various stress scenarios.
* Develop strategy, policies and procedure for Liquidity Risk Management. Collaborate with Market Risk Function of Corporate Risk Office.
* Contribute to executive strategic forums such as:
* Asset / Liability Committee – a monthly review with ALCO members on firm funding strategies, interest rate risk management, and liquidity planning
* Rating agency meetings – provide strategic updates for meetings with major rating agencies (Standard & Poor’s, Moody’s, Fitch) attended by the Chief Financial Officer and Treasurer, to discuss Discover’s funding strategies and liability management
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| Qualifications |
* MBA required
* 7 years, minimum, Treasury industry experience from Fortune 500 bank or similar financial services corporation, in:
*Liquidity Management
*Staff management
*MS Office(Word, Excel, PowerPoint, Access)
* Bloomberg.
* Above work experience from credit card industry. |
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| City |
Riverwoods |
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| State |
IL |
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