Principal Operational Risk Oversight

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:

Discover will not sponsor or transfer employment work visas for this position.  Applicants must be currently authorized to work in the United States on a full-time basis.

This role is responsible for operational risk oversight activities specific to Corporate Risk Management. This includes advising, assessing, and effectively challenging all operational risks and mitigants for the specific business and their impact on both risk appetite and the goals and objectives of the business.

This individual contributor will provide an effective second line of defense including monitoring, testing, and operational risk assessments of the business to ensure effective risk management practices and strong control environment for the business. This role will also be expected to engage with, influence, and lead business partners at all levels in the organization, escalate risks, when necessary, actively participate in governance and management committees, and may effectively engage with regulators along with management. This role may participate on cross-team Non-Financial Risk department special projects and ad hoc analysis/reporting to senior management on operational risks. In executing these functions, the Principal is expected to collaborate closely with other colleagues across Operational Risk Oversight, Non-Financial Risk Management, Corporate Risk Management, and other lines of business and corporate functions. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.

Responsibilities:

• Executes the risk-based approach to independent risk assessments and oversight for the business Ensure effective oversight of the business and leverages the results from NFRM Testing COE to drive an effective risk and control environment for the business.
• Develop and maintain the Operational Risk Oversight policies, standards, procedures, and process flows
• Execute operational risk advisory and effective challenge for programs across the Non-Financial Risk Programs.
• Manage internal audits and tests as well as external exams for the Operational Risk Oversight team
• Participate in and engage with business leaders in governance to help drive a culture of effective risk management.
• Updates status reports of program initiatives, activities, and non-financial risks to management and committees and escalate concerns and successes.
• Updates status reports of program initiatives, activities, and non-financial risks to management and committees and escalate concerns and successes.

Minimum Qualifications

• Bachelor’s degree in business administration and management
• 6 + years of Law, Risk, or Operations experience
• 3 + years of experience in first or second-line risk, control, or compliance role in a highly regulated financial institution subject to Heightened Standards.
• In Lieu of Education Experience 10 + years of risk management experience in a highly regulated financial/depository environment with specific focus on operational risk management, internal audit, or related

Preferred Qualifications

• 8 + years of risk management experience in a financial environment with specific focus on operational risk management or internal audit or related.

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Application Deadline:

The application window for this position is anticipated to close on Aug-31-2024. 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