Principal Operational Risk and Internal Control

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:

At Discover, be part of a culture where diversity, teamwork and collaboration reign. Join a company that is just as employee-focused as it is on its customers and is consistently awarded for both. We’re all about people, and our employees are why Discover is a great place to work. Be the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career. 

Advises business partners on understanding and mitigating the inherent risks throughout their business processes. Partners with the business to improve the control environment by developing new/revised controls and resolves open issues. Serves as a liaison between business unit and Corporate Risk Management (CRM), Compliance, Legal, and other Business Risk Office groups. Executes various Preventative Risk Management activities and initiatives such as, but not limited to, risk and control assessments, operational risk events reporting, key risk indicator reporting, business continuity planning, records management, and new initiative process. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management. 

Responsibilities 

• Performs walk-throughs and provides consultation on existing and new processes and, where appropriate, facilitates documentation thereof, including the identification of business risks and controls. Ensures that controls are in place to mitigate legal, regulatory, and other applicable business risks. Where control gaps exist, provides consultation on the design of controls and monitors until execution. 

• Provides consultation on, and monitors timely execution of, essential risk processes and requirements including, but not limited to, Business Continuity Planning and testing and Records Retention. 

• Executes reporting including operational risk events, key risk indicators, and business reviews in accordance with company policies and standards.  

• Collaborates with business partners to ensure root-cause analysis is performed and that appropriate corrective action plans are put in place to address issues stemming from the risk assessments, internal audits, regulatory findings, business unit test monitoring, operational risk incidents, and other applicable sources where gaps are identified. 

• Provides relevant risk training to meet current and evolving organizational requirements and/or business needs. 

Minimum Qualifications 

At a minimum, here’s what we need from you: 

• Bachelor's Degree in Finance, Business Management, or related field 

• 6+ years of experience in Risk Management, Internal Controls, Finance, or related field 

• In lieu of a degree, 8+ years of experience in Risk Management, Internal Controls, Finance, or related field 

Compensation:

The base pay for this position generally ranges between $86,500.00 to $145,700.00. 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

• Paid Time Off

• 401(k) Plan

• Medical, Dental, Vision, & Health Savings Account

• STD, Life, LTD and AD&D

• Recognition Program

• Education Assistance

• Commuter Benefits

• Family Support Programs

• Employee Stock Purchase Plan

Learn more at MyDiscoverBenefits.com.

What are you waiting for? Apply today!

All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that valu