Senior Principal Operational Risk Management

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

Responsible for performing second line of defense activities for the development, implementation, and execution of risk management frameworks.  Creates and maintains standards.  Provides training on Standards.  Monitors adherence to Standards.  Provides reporting to leadership on execution of risk management frameworks across the enterprise. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.                                                                                                                                                                                                                                  

How You’ll Do It

• Design and oversee the management of the operational risk events, including detailed analysis of significant events and management of a scenario library to ensure appropriate remediation plans are implemented to mitigate control weaknesses.

• Analyze Operational Risk Event loss data and design insightful metrics

• Enhance, implement, and contribute to the successful execution of enterprise-wide initiatives to build out scenario analysis and stress testing capabilities for operational risk that drive accountability and effectiveness for scenario analysis across use cases including stress tests and capital planning.

• Monitor operational risk event metrics, trends, industry practices, and regulatory expectations to provide analysis on loss data, and detect significant and/or emerging risks.

• Leads the development, enhancement, and implementation of risk management frameworks. 

• Creates and maintains standards.  Monitors the adherence to risk 

• Monitors adherence to Standards.

• Provides training on Standards. 

• Provides reporting to leadership on execution of risk management frameworks across the enterprise.                                                                                                                                                                                                                                                                                                          

Qualifications You’ll Need
The Basics

• Bachelor’s degree in Finance, Business Administration and Management, Continuous Improvement, Engineering or English Studies

• 6+ years of experience in Risk management, operational risk, process management, financial services, or related                                

• In Lieu of Degree 8 + Years of experience in Risk management, operational risk, process management, financial services, or related

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 remains in a stationary position.

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

• Does not require the ability to transport physical objects.

• 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.

• Travel up to 10% of the time

Bonus Points If You Have

• Master’s Degree in Finance, Business Administration and Management

• 8+ years of experience Risk management, operational risk, process management, financial services, or related