David Sutter Email & Phone Number

Chicago, Il, Us

Riverwoods, Il, Us

Lead Discover’s enterprise-wide program to enhance process, change and issue management activities ensuring compliance with consumer-facing regulatory requirements and redesigning the Compliance Management System (CMS)

Riverwoods, Il, Us

Successfully lead Discover’s program to implement the Current Expected Credit Loss (CECL) accounting requirement while saving over $1 billion in capital and implementing the company’s first cloud-based (AWS) modeling infrastructure Built and lead Discover’s enterprise-wide capital stress testing program, ensuring success through influence and collaboration with teams across risk, finance and business unit functions. Achieved Federal Reserve “non-objections” and strong positive feedback for each of Discover’s CCAR submissions allowing for over $10 Billion in common share repurchases and significant earnings per share growth Specialties: Risk Management, Credit Risk, Cloud Computing, Financial Modeling, Financial Analysis, CECL, CCAR, Financial Regulation

Riverwoods, Il, Us

Created Discover’s corporate “second line of defense” risk management function and chaired Discover’s Risk Committee. Designed the enterprise risk organization, risk appetite and risk reporting processes while identifying department leaders and implementing new enterprise risk functions to oversee credit, liquidity, market and operational risks.Implemented Discover’s first independent model validation function including the development of the Model Risk Management Policy and implementation of the Model Risk Committee.Conceived, implemented and maintained Discover’s incentive compensation risk management program integrated with the company’s enterprise risk programs that met regulatory expectations, while preserving company flexibility and providing for stronger risk management practices and culture.Specialties: Enterprise risk management, model risk management, risk appetite, key risk indicators, credit risk, market risk, liquidity risk

Riverwoods, Il, Us

Served as the company’s first Chief Information Security Officer (CISO) and chaired the company’s Information Security Executive Council, developed Discover’s first information security policies and standards and implemented the information security incident response process.Led the enterprise-wide roll out of significant security enhancements including two-factor authentication, multi-factor website authentication, mobile device security and an enterprise information security education and awareness program.Specialties: Information security, business continuity planning, incident response, operational risk, -Dsecurity education and awareness, information security risk assessment, PCI-DSS

New York, Ny, Us

Hired initially as Internal Audit Manager and worked way up to Credit Services Global Audit Director reporting to the Morgan Stanley Chief Audit Executive. Served concurrently as Director for Morgan Stanley’s global information technology audit team.Directed the development and execution of the annual audit plan, negotiated audit findings and remediation requirements with senior business leaders and reported quarterly to the Discover Bank Audit Committee Led Discover's initial Sarbanes-Oxley (SOX) Section 404 compliance effort.Specialties: leadership, internal audit, board of directors reporting, information technology audit, SOX

Mba, Finance

Bs, Industrial Engineering

Executive Program - Risk Management