Principal Compliance Program Specialist - Compliance Monitoring and Testing
DiscoverAbout the role
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:
What You’ll Do
The Principal Compliance Program Specialist is responsible for executing, maintaining and enhancing department or functional units in support of the overall compliance program elements. Actively manages and escalates risk and issues within the day-to-day role to management. Additionally, this role will have periodic involvement in exams and audits, including drafting responses; will lead and participate in cross-team Compliance department projects; and provide reporting to management on CMS risks. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management. The Principal Compliance Specialist – Monitoring and Testing within Corporate Compliance performs a key second line of defense role by helping to ensure regulatory requirements are met by our consumer banking lines of business. The Principal Compliance Specialist will be responsible for executing risk-based compliance monitoring and testing for the purpose of independently validating business line adherence to applicable laws and regulations. The position requires experience in the design and execution of compliance monitoring and testing, including test script development, issues management, and reporting, as well as regulatory compliance knowledge.
How You’ll Do It
Executes, maintains and enhances compliance program components. Manages the development of processes and practices with respect to risks, controls and regulatory requirements identifying gaps and issues.
Research compliance requirements and evaluate adequacy of policies, procedures, training and reference materials, system and manual processes.
Partners with management in the development, implementation, and maintenance of compliance programs and a culture of compliance.
Creates and updates status reports of program initiatives, activities, and compliance risks to management and committees.
Execution of risk-based compliance monitoring and testing in accordance with Compliance methodology and procedures.
Development of test scripts to support assigned compliance reviews.
Ensure test scripts are properly designed to identify non-compliance with applicable laws and regulations.
Systematically retain documents to support results of compliance reviews.
Manages scheduling to ensure all tasks and reporting are completed in a timely manner.
Performs effective root cause analysis and obtains corrective action plans from lines of business.
Assists with the drafting of issues and the formal report.
Actively manages and escalates compliance risk and customer-impacting issues identified within their day-to-day role to their leadership.
Responsible for overall integrity and quality of work performed.
Maintains a high level of awareness and knowledge of regulatory requirements.
Qualifications You’ll Need
The Basics
Bachelor’s degree in Business Administration and Management, Accounting, Finance or Law
6+ years of experience in Compliance, law, risk management experience, or related field
1 + years of relevant experience in the financial services industry
In Lieu of Education 8+ years of experience in Compliance, law, risk management experience, or related field
Physical and Cognitive Requirements
Apply for this role
Generate a tailored application kit with a matched cover letter, interview prep, and CV highlights — in under 60 seconds.
Apply Now →Generate Application KitFree account required — sign up in 30s