David Sutter

David Sutter Email and Phone Number

Vice President - Operational Excellence Strategy and Planning @ Discover Financial Services
Chicago, IL, US
David Sutter's Location
Deerfield, Illinois, United States, United States
David Sutter's Contact Details

David Sutter personal email

n/a

David Sutter phone numbers

About David Sutter

Contact me at: davidwsutter@gmail.comProgressive finance, risk and compliance management executive with over 20 years of consistent career growth across a wide range of complex risk management programs in the financial services industry. Routinely called upon to lead high stakes, enterprise-wide change management initiatives involving significant financial, regulatory or technology risk.I have extensive background working with business leaders, boards of directors and regulators to identify and implement risk and analytical solutions that satisfy the needs of multiple stakeholders.Key achievements include: Created Discover’s first information security and business continuity programs and served as the company’s Chief Information Security Officer (CISO). Created the company’s first model risk management function ensuring compliance with SR 11-7. Implemented Discover’s capital stress testing/CCAR program, received non-objections allowing for significant share repurchases and EPS growth. Led Discover’s program for implementing the Current Expected Credit Loss (CECL) accounting standard – implemented account level model on AWS while saving the company over $1 Billion in capital. Contact me if: You need someone adept at leading risk management, regulatory or analytical/technology initiatives that has excellent communication, proven leadership, penchant for action, and the ability to identify and seize opportunities.

David Sutter's Current Company Details
Discover Financial Services

Discover Financial Services

View
Vice President - Operational Excellence Strategy and Planning
Chicago, IL, US
Website:
discover.com
Employees:
21509
David Sutter Work Experience Details
  • Discover Financial Services
    Vice President - Operational Excellence Strategy And Planning
    Discover Financial Services
    Chicago, Il, Us
  • Discover Financial Services
    Vice President - Operational Excellence Strategy And Planning
    Discover Financial Services Jan 2021 - Present
    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)
  • Discover Financial Services
    Vice President - Finance Risk Officer
    Discover Financial Services Jun 2013 - Present
    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
  • Discover Financial Services
    Vice President - Corporate Risk Officer
    Discover Financial Services Jun 2009 - May 2013
    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
  • Discover Financial Services
    Vice President - Chief Information Security Officer (Ciso)
    Discover Financial Services Jan 2004 - May 2013
    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
  • Morgan Stanley
    Vice President - Global Audit Director
    Morgan Stanley Jan 1997 - Jan 2004
    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

David Sutter Skills

Credit Risk Basel Ii Risk Management Financial Analysis Financial Services Enterprise Risk Management Financial Modeling Financial Risk Credit Cards Capital Markets Banking Internal Audit Operational Risk

David Sutter Education Details

  • Quinlan School Of Business, Loyola University Chicago
    Quinlan School Of Business, Loyola University Chicago
    Finance
  • University Of Michigan
    University Of Michigan
    Industrial Engineering
  • Northwestern University - Kellogg School Of Management
    Northwestern University - Kellogg School Of Management
    Executive Program - Risk Management

Frequently Asked Questions about David Sutter

What company does David Sutter work for?

David Sutter works for Discover Financial Services

What is David Sutter's role at the current company?

David Sutter's current role is Vice President - Operational Excellence Strategy and Planning.

What is David Sutter's email address?

David Sutter's email address is da****@****ver.com

What is David Sutter's direct phone number?

David Sutter's direct phone number is +122440*****

What schools did David Sutter attend?

David Sutter attended Quinlan School Of Business, Loyola University Chicago, University Of Michigan, Northwestern University - Kellogg School Of Management.

What skills is David Sutter known for?

David Sutter has skills like Credit Risk, Basel Ii, Risk Management, Financial Analysis, Financial Services, Enterprise Risk Management, Financial Modeling, Financial Risk, Credit Cards, Capital Markets, Banking, Internal Audit.

Who are David Sutter's colleagues?

David Sutter's colleagues are David Thomas, Maryann Williams, Komal Shahid, Bre Dav, Chris Woodall, Meri Sultan, Sabrina Neuman.

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