Principal Compliance Specialist - Deposits

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 Specialist Role will be responsible for compliance advisory activities specific to applicable regulatory requirements impacting the Deposits line of business. This includes identification and advising on compliance risks and mitigates in the context of issues management and remediation; regulatory change management; business change management for products, services and systems; policies and procedures; monitoring and testing reviews; process and control assessments; and third- party oversight and training. The Principal Compliance Advisory will facilitate compliance with established Compliance Management System (CMS) governance and programs. In addition to these core advisory functions, the Principal Compliance Advisory will also have periodic involvement in regulatory exams, including drafting and reviewing exam responses. 

How You’ll Do It

• Researches and understands regulatory compliance requirements to evaluate whether business policies, procedures, training, systems, processes, and controls comply with applicable laws and regulations; and to articulate those risks to stakeholders.

• Engages with business and risk partners to develop compliant solutions to mitigate and remediate consumer compliance risks; escalates risk appropriately.

• Executes compliance advisory functions within CMS programs.

• Support various risk assessments across the enterprise.

• Creates and updates status reports of program initiatives, activities, and compliance risks to management and committees.

Qualifications You’ll Need
The Basics

• Bachelors degree in Business Administration and Management, Security and Intelligence, Law, Information Technology, Analytics, Finance or Related field.

• 6+ years experience in compliance, law, risk management experience, or related

• In Lieu of Education 10+ years experience in compliance, law, risk management experience, or related

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Physical and Cognitive Requirements
The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable a qualified individual with disabilities to perform the essential functions of the position as required by federal, state, and local laws:

• Primarily remain in a stationary position.

• No required movement about the work environment to complete the major responsibilities of the job. 

• Primarily performed indoors in an office setting.

• Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.

• Ability to communicate verbally.; Ability to communicate in written form.

Bonus Points If You Have

• 8+ years experience in compliance, law, risk management experience, or related

• 4+ years Models, champions, and reinforces a risk culture of compliance and transparency.

• Applies general understanding of risk identification and assessment processes, tools and techniques to provide oversight and challenge to risk measurement activities

• Demonstrates knowledge and understanding of compliance laws and regulations.

• Demonstrates knowledge of the Compliance Management System
  components

• Knowledge with primary banking regulations  that impact Deposits which include but not limited to  Reg CC, Reg E, Reg DD, Reg D.

• CRCM (certified regulatory compliance manager) certified. 

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.

Application Deadline:

The application window for this position is anticipated to close on Nov-09-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.